Uranerz Energy Corporation: Prospectus Registration Statement Filed

Market Wire, December, 2006

Uranerz Energy Corporation (the "Company") (AMEX: URZ)(FWB: U9E) announces that it has filed a Form SB-2 preliminary prospectus registration statement with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended (the "Securities Act"). The prospectus relates to the sale, transfer or distribution of shares of the common stock of the Company, by the Selling Shareholders listed in the document. If and when the SEC declares the registration statement effective, it will allow those shares listed by the Selling Shareholders in the registration statement to be eligible to be resold.

The Company will not receive any proceeds from the sale or distribution of the common stock by the Selling Shareholders. The Company may receive proceeds from the exercise of warrants, if any, and will use the proceeds from any exercise for general working capital purposes.

The Selling Shareholders may not sell these securities until the registration statement filed with the SEC is effective, unless another exemption is available under the Securities Act.

Nothing in this press release is intended to convey or communicate an offer to sell shares by or on behalf of the Company. The Company will take no part in the resale of these shares to the public, if and when the registration statement becomes effective.

ON BEHALF OF THE BOARD

Dennis L. Higgs, Chairman

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:

(i) the SEC's interpretation of Rule 415 and the Company's ability to register common stock for resale on a shelf registration statement;

(ii) the possible impact that the resale of the registered securities may have on the trading price of the Company's common stock;

(iii) the availability of resale exemptions to selling shareholders;

(iv) the expectation and timing of the effectiveness of the registration statement; and

(v) the business of the Company and the Company's ability to establish commercial deposits or reserves of uranium on its properties.

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

Contacts: Uranerz Energy Corporation Dennis L. Higgs Chairman (604) 689-1659 (604) 689-1722 (FAX) Website: www.uranerz.com