Uranerz Makes First Uranium Delivery

Uranerz Energy Corporation (“Uranerz” or the “Company”) (NYSE MKT: URZ) (TSX: URZ) (FRANKFURT: U9E) is pleased to announce that it has delivered its first drums of uranium (as U3O8) produced from its wholly-owned Nichols Ranch ISR Uranium Project in the Powder River Basin of Wyoming, U.S.A. The shipment of approximately 36,000 pounds was received at ConverDyn’s Metropolis Works Facility, located in Metropolis, Illinois, for subsequent transfer to one of the Company’s utility customers.

Uranerz signed its first long-term uranium sales agreement in 2009 with Exelon Generation Company, LLC, and signed its second sales agreement with another major U.S. utility later that same year. This delivery will satisfy a portion of Uranerz’ existing long-term sales contracts and the Company expects to make its next shipment of uranium later this quarter.