Uranium Energy Corp
OTC Bulletin Board : URME

Uranium Energy Corp

November 20, 2006 09:02 ET

Uranium Energy Corp Expands its ISL Uranium Development Team with Appointment of Michael O'Leary

Adding Another 20+ Years of In-Field Experience, Company Building One of the Strongest ISL Uranium Technical Teams to Facilitate Rapid Growth

AUSTIN, TEXAS--(CCNMatthews - Nov. 20, 2006) - Uranium Energy Corp (OTCBB:URME)(FWB:U6Z)(BERLIN:U6Z) is pleased to announce the appointment of Senior Geologist Michael O'Leary, PG, to its operational management team. Mr. O'Leary brings over 21 years of In-Situ Leach (ISL) uranium experience to the Company, related to well-field construction and development. He will work together with Chief Operating Officer Harry Anthony and Engineering Manager Doug Norris to further enhance the Company's world-class ISL technical capabilities.

Michael O'Leary received his BSc in Geology in 1974 from the Eastern Illinois University, in Charleston, Illinois. He began his career in uranium with Everest Minerals (now Energy Metals Corp) in 1978, as a field geologist in South Texas, and progressed to well-field installation and design work. In 1987, he was transferred to Everest's Wyoming operations, and was an integral part of the team that developed and managed the Highland Uranium Project, through its acquisition by Power Resources (now Cameco Corp). His career continued with Power Resources, where he ultimately became the Well-field Superintendent, in charge of all drilling, well-field construction and production activities. Mr. O'Leary is a registered Professional Geologist in the state of Wyoming.

Regarding the appointment, Chief Operating Officer Harry Anthony commented, "The addition of Mr. O'Leary to our technical team further increases the depth of proven ISL talent in this Company. He is a recognized industry expert, and he will be responsible for all safe development and cost effective operations of Uranium Energy Corp's well-field projects. He possesses the experience and knowledge of well-field operations in Wyoming and South Texas that is indispensable in the uranium mining business today."

About Uranium Energy Corp

Uranium Energy Corp (OTCBB:URME) is a US-based junior resource company focused on uranium exploration and development in the United States. The Company has a mission to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, gives the Company substantial uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. Visit www.uraniumenergy.com for more information.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact Information

  • Uranium Energy Corp
    Contact North America
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    Toll Free: 1-877-676-7183 or (512) 721-1022
    (512) 721-1023 (FAX)
    Email: info@uraniumenergy.com
    Website: www.uraniumenergy.com
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