Uranium Energy Corp Reports Independent NI 43-101 Resource Estimate at Goliad Project

Market Wire, March, 2008

Uranium Energy Corp (the "Company") (AMEX: UEC)(FRANKFURT: U6Z)(BERLIN: U6Z) is pleased to announce that it has completed an updated technical report (the "Technical Report") and independent resource estimate in accordance with the provisions of National Instrument 43-101 ("NI 43-101") of the Canadian Securities Administrators on its Goliad Project located in Goliad County, Texas.

The complete Goliad Project NI 43-101 Technical Report is expected to be filed and available shortly on the SEDAR website, at www.sedar.com , and on the Company's website at www.uraniumenergy.com . The Technical Report is authored by Thomas A. Carothers, P.Geo., a qualified person as defined in NI 43-101, who has over 30 years of uranium experience, substantially in the South Texas Uranium trend. His experience includes working directly for two operating ISR mining companies in South Texas, US Steel and Tenneco Uranium, during the 1970s and 1980s.

The Technical Report provides for a measured and indicated resource estimate for the Company's Goliad Project of 5,475,200 pounds at an average grade of 0.05% eU3O8, up from the previously reported and historical resource of 5.2 million pounds eU3O8 which was set forth in the Company's previously filed Goliad Project NI 43-101 technical report. An additional 1,547,500 pounds of eU3O8 at an average grade of 0.05% is classified as an inferred mineral resource in the Technical Report. The estimate is based on the results from 1,086 drill holes at the Goliad Project, 599 by Uranium Energy Corp, 487 historic.

Further details on the quantity and grade for each mineral resource category identified in the Technical Report are shown in the following tables:

                      Measured Mineral Resource
---------------------------------------------------------------------
Cutoff GT      Tons   Grade %eU3O8(ii)  Pounds U3O8(i)  Thickness (ft)
---------------------------------------------------------------------
0.3       1,648,500              0.05       2,695,500              15
---------------------------------------------------------------------

                      Indicated Mineral Resource
---------------------------------------------------------------------
Cutoff GT      Tons   Grade %eU3O8(ii)  Pounds U3O8(i)  Thickness (ft)
---------------------------------------------------------------------
0.3       2,142,100              0.05       2,779,700              15
---------------------------------------------------------------------

                    Measured & Indicated Resource
---------------------------------------------------------------------
Cutoff GT      Tons   Grade %eU3O8(ii)  Pounds U3O8(i)  Thickness (ft)
---------------------------------------------------------------------
0.3       3,790,600              0.05       5,475,200              15
---------------------------------------------------------------------

                      Inferred Mineral Resource
---------------------------------------------------------------------
Cutoff GT      Tons   Grade %eU3O8(ii)  Pounds U3O8(i)  Thickness (ft)
---------------------------------------------------------------------
0.3       1,547,500              0.05       1,501,400              15
---------------------------------------------------------------------
(i) Disequilibrium Factors Applied

(ii) Values Rounded to Nearest Hundredth

Data used for the resource estimate in the Technical Report includes electric logs from each of Coastal Uranium (8), Moore Energy (479) and the Company (599). In addition, PGT logging was conducted by Moore Energy on approximately 32 selected borings in order to establish the degree of disequilibrium within the high-grade bodies. From May 2006 to December 2007, the Company completed 599 confirmation borings, including those completed for core retrieval and analysis. The core retrieval and analysis program was designed to augment and confirm the positive PGT disequilibrium ("DEF") values recorded by Moore Energy for the four mineralized sand horizons at Goliad which was reported on in the Company's previous NI 43-101 technical report.

In October 2007 the Company undertook a coring program to obtain verification data for DEF development from all four of the mineralized sands. Three core holes were completed at wide-spaced locations within each of the mineralized zones; 15 to 18 approximate one-foot samples were taken through the mineralized portion of each hole for chemical analyses for U308. Approximately 45 to 50 samples were collected from each of the defined mineralized zones (A-D).

Each of the approximately one-foot samples were analyzed for cU308. The eU308 gamma log value for that interval was determined to calculate the DEF values for each nominal one-foot sample interval. All Company core and historic PGT data from each sand zone were tabulated and weighted by data interval thickness to determine a final DEF value. The intercepts with chemical or PGT assay values below the 0.02% U308 cutoff were excluded from the calculations. Resource estimates have also been calculated using only those values greater than or equal to 0.02%. The DEF values obtained by this method are consistent with previous DEF values obtained by the PGT data logging program. The weighted values are as follows: