Uranium Resources, Inc. Announces Stock Quoted On OTC Bulletin Board

Business Wire, March 24, 1999

DALLAS--(BUSINESS WIRE)--March 24, 1999--Uranium Resources, Inc. ("URI") (OTC BB:URIX) announced that effective today, its Common Stock, par value $0.001 per share (the "Common Stock") will be quoted on the OTC Bulletin Board ("OTCBB"). The Common Stock was previously traded on the Nasdaq National Market System.

URI announced in October 1998 that its Common Stock was not in compliance with the minimum bid price requirement for continued listing on the Nasdaq National Market. The Company was not successful in its appeal process with Nasdaq to continue listing its Common Stock on Nasdaq and was delisted effective with the close of business March 23, 1999.

The OTCBB displays electronic real-time quotes, last-sale prices, and volume information for domestic securities, foreign securities and ADR's. The move to the OTCBB is expected to allow the Company's shareholders continued trading access in the equity markets.

Except for historical information contained in this press release, the matters discussed herein contain forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from management's expectations. Key factors impacting current and future operations of the Company are discussed in detail in the Company's reports filed under the Securities Exchange Act of 1934 and include, without limitation, the spot price of uranium, weather conditions, operating conditions at the Company's mining projects, government regulation of the mining industry and the nuclear power industry, the world-wide supply and demand of uranium, availability of capital, timely receipt of mining and other permits from regulatory agencies.

Uranium Resources, Inc. is a Dallas-based uranium mining company, whose shares trade on the OTC Bulletin Board under the symbol URIX. The Company specializes in in-situ solution mining and holds substantial uranium reserves in South Texas and New Mexico.