Uranerz Energy Corporation: Mongolian Projects Joint Ventured; Wyoming Office Space Leased

Business Wire, March 7, 2006

(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;

(ii) the inability of the Company to achieve the financing required to pursue the acquisition of exploration of any new mineral properties;

(iii) the inability of the Company to raise the financing necessary to conduct exploration or development of its properties; and

(iv) the presence of commercial mineralization on its properties.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Uranerz Energy Corporation (OTC Bulletin Board:URNZ) (FRANKFURT:U9E)