Uranerz Reports First Quarter Financial Results 2012

Uranerz Reports First Quarter Financial Results 2012

Casper (Wyoming), 9. More 2012. Uranerz Energy Corporation (NYSE Amex und TSX: URZ; Frankfurt: U9E) ("Uranerz" or the "Company") published its financial results for the quarter, on the 31. March 2012 came to an end. These were at der United States Securities and Exchange Commission („SEC“) and filed in Canada with the Canadian securities regulators on SEDAR.

Uranium ore is now building its first in-situ recovery- ("ISR")-Uranium mine - the "Nichols Ranch" called ISR Uranium Project in the Powder River Basin area in Wyoming (USA). The establishment of the central processing unit and the installation of environmental monitoring and Produktionsbohrlöcher for ISR mining is on schedule and should end 2012 be completed. At the same time the company is targeting the final approval, the need for the start of uranium production are, including approval for the wastewater plant.

Highlights of the quarterly financial results:

The financial information set out in the U.S. comply with generally accepted accounting principles. The quarterly report of uranium ore in the form 10-Q for the fiscal quarter, on the 31. March 2012 came to an end, including the Management Discussion and Analysis, is on the websites of SEC, SEDAR and available uranium ore.

About Uranerz

Uranium is a U.S. mining company, whose emphasis is on the short-term commercial in-situ recovery- ("ISR")-Uranium production is directed and is currently building its first ISR mine in Wyoming. ISR is a degradation process, that a "leaching" is used, to reduce uranium from sandstone uranium deposits. This is the widely accepted technology in the extraction area Powder River Basin in Wyoming (ISR was in 2010 41 % the world's uranium production from). The Company controls a large strategic land position in the Pumpkin Buttes Uranium Mining District in the central Powder River Basin (Wyoming). The management team of uranium ore has specialized expertise in the ISR uranium mining method, and also a long experience in the licensing, constructing, and operating commercial ISR uranium projects. The company signed an agreement with Exelon and other major nuclear utilities in the country long-term uranium sales contracts in respect of some of the planned production.

For more information

For more information, please contact Investor Relations Manager Derek Iwanaka by calling 1-800-689-1659 or send us an email at investor@uranerz.com. More information can be found on its Web site at www.uranerz.com, in with the Securities and Exchange Commission at www.sec.gov and the company's published reports or. under the Company's profile on the SEDAR website www.sedar.com-.

Forward-looking statements

This press release may contain "forward-looking information" and "forward-looking statements" under applicable U.S. and Canadian securities laws contain or refer to. These could include statements, but not limited to, relating to forecasts of the date of completion of the central processing unit, or other statements regarding forecasts, Estimates or the description of future plans and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, Uncertainties and assumptions, including those risks and uncertainties, on in most of our recent statements and reports on finance and the
Registration statement with the SEC (available at www.sec.gov) and the Canadian securities regulatory authorities (can be found at www.sedar.com) was noted. If such risks or uncertainties materialize, or should assumptions, this underlying, prove to be incorrect, to the actual results may differ materially from those, the planned, assumed, estimated or expected. We are not obliged, to update any forward-looking statements ? unless, required by law.

This press release may be accessed on our website:

http://www.uranerz.com/s/NewsReleases.asp?ReportID=523743

Administrative & Investor Relations Office

Suite 1410-800 West Pender Street
Vancouver, BC V6C 2V6 Canada

Tel.: 604.689.1659
Fax: 604.689.1722
E-Mail: investor@uranerz.com

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25067

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