Technical Report Summary Disclosing Resources For Yuty Project In Paraguay

CORPUS CHRISTI, TX - Uranium Energy Corp has filed a Technical Report Summary (TRS), disclosing mineral resources for the Company's Yuty Project in Paraguay.  These mineral resources are based on 543 drill holes.

The TRS was prepared under S-K 1300.  Clyde Yancey, Vice President of Exploration, said, "We are very pleased with the update and conversion of our Yuty Project NI 43-101 resources into new SEC S-K 1300 resources. The roll front geology apparent in the Yuty Project is very similar to our South Texas and Wyoming projects and offers excellent low-cost, environmentally friendly ISR mining capability. While our near-term priorities remain focused on Texas and Wyoming ISR production platforms, Yuty presents attractive long-term value and potential which is a great fit for our technical capabilities. As the world pushes for clean, safe, reliable energy, more uranium will be needed to fuel its growth and we are confident the Yuty Project will be part of that equation."

The Yuty Project is located in Paraguay, South America.  The Company operates the Project through its wholly-owned subsidiary, Transandes Paraguay S.A., which holds a 100% interest in the Yuty Mining Exploration and Exploitation Concession (Yuty Concession) Contract. The planned mining method for the Project is by ISR mining. The Project comprises 117,232 hectares in southeastern Paraguay. Title to the Yuty Concession is now held through the Contract with the Republic of Paraguay, which grants mining rights for a minimum period of 20 years.