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Uranium Energy Corp. Announces the Appointment of Leading Uranium and ISL Expert Harry Anthony as Chief Operating Officer

AUSTIN, Texas -- Uranium Energy Corp. ("UEC") (OTCBB:URME) is pleased to announce the appointment of Mr. Harry Anthony as the Company's Chief Operating Officer. Mr. Anthony joins UEC's technical team already eminent in the field of uranium exploration and development. Mr. Anthony will provide significant contributions toward the Company's plans of developing uranium production, particularly with respect to In Situ Leach-amenable uranium deposits. He will immediately begin work on the company's foundation asset, the Goliad project, in South Texas.

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Mr. Anthony is an internationally recognized expert in the uranium industry. Mr. Anthony is a professional engineer who has been at the forefront of multiple aspects of the uranium industry for over thirty years. He is particularly noted as being a pioneer of the emerging extraction technology for the uranium mining sector known as In-Situ-Leaching, or ISL. ISL has proven to be a less costly and less environmentally obtrusive technique for mining uranium than any other method currently in use. Mr. Anthony has been involved with every notable ISL uranium mine in the US and abroad, at all levels of development, including feasibility, design and management.

Mr. Anthony was a senior officer and director of Uranium Resources Inc, a publicly-listed uranium mining company in the US. During his 20-year tenure at Uranium Resources, he was responsible for all technical aspects of mine development. Most recently, Mr. Anthony acted as a leading consultant to several senior uranium companies and international agencies, including Union Carbide, Urangesellschaft, Kennecott, Rio Algom, Heathgate Resources, and others. His consulting work has also given him considerable international exposure, particularly with uranium deposits in Uzbekistan and Kazakhstan. Mr. Anthony's focus has been on technical aspects of large uranium operations, primarily responsible for project evaluation, operations, and offering financial expertise in business models.

Mr. Anthony holds BSc and MSc degrees in Engineering Mechanics from the University of Pennsylvania. He has written and presented numerous reference papers on uranium and ISL mining on behalf of leading nationally recognized bodies including the International Atomic Energy Agency. Mr. Anthony is a member and past board member of several professional and academic societies.

Chairman of the Board Alan Lindsay stated, "The appointment of Mr. Anthony is a strong endorsement of our Company's business model to become a premiere ISL uranium mining company in the United States."

Amir Adnani, President and CEO stated, "We are very pleased to welcome Mr. Anthony to our team. The industry recognizes that the most critical barrier to entry for uranium mining companies is the shortage of technical expertise. With the addition of Mr. Anthony, UEC gains an exceptional competitive advantage. We can now immediately begin to execute our development strategy, and to realize the value of our property portfolio for our investors."

About Uranium Energy Corp.

Uranium Energy Corp. (OTCBB:URME) is a US-based junior resource company with the near-term objective of uranium production in the United States. The company has a mandate 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 over 150 years of uranium mine-finding and uranium mine development expertise. UEC is well positioned to capitalize on the world's first significant alternative energy boom. See www.uraniumenergy.com for more information.

Stock Exchange Information: Symbol: OTCBB - URME

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but 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, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Uranium Energy Corp. (OTC Bulletin Board:URME)

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Uranium Energy Corp. Announces the Appointment of Leading Uranium and ISL Expert Harry Anthony as Chief Operating Officer

Business Wire, Feb 17, 2006

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