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Uranium Energy Corp Reports Production Permitting Advances at Burke Hollow and Palangana in South Texas and Appoints New Vice President

DGAP-News: Uranium Energy Corp. / Key word(s): Miscellaneous/Change of
Personnel
Uranium Energy Corp Reports Production Permitting Advances at Burke
Hollow and Palangana in South Texas and Appoints New Vice President

01.10.2014 / 15:00

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Uranium Energy Corp Reports Production Permitting Advances at Burke Hollow
and Palangana in South Texas and Appoints New Vice President
- For the Burke Hollow ISR Project, the Mine Permit, Aquifer Exemption
and Two Disposal Well Applications have advanced to the technical
review stage with the Texas Commission on Environmental Quality (TCEQ).

- The Radioactive Material License application for Burke Hollow has been
submitted to TCEQ.

- Regarding expansion of the operating Palangana ISR Project, draft
permits for the Mine Area, Aquifer Exemption Expansion and Production
Area Authorization for PAA-4 have been issued. The draft Radioactive
Material License amendment for PAA-4 has also been issued.

- Appointment of Craig Wall as Vice President of Environmental, Health
and Safety

Corpus Christi, TX, October 01, 2014 - Uranium Energy Corp (NYSE MKT: UEC,
the "Company") is pleased to announce that the Mine Permit and Aquifer
Exemption Applications for its Burke Hollow In-Situ Recovery (ISR) Project
in Bee County, Texas, are administratively complete. The applications have
now moved forward into the technical review stage of the permitting process
with the Texas Commission on Environmental Quality (TCEQ).

Additionally, two Class I waste disposal well applications were submitted
in July. These applications have been declared administratively complete
and are now under technical review with the TCEQ.

The Radioactive Material License (RML) application for Burke Hollow has
also been completed and submitted to the TCEQ. It was the last major
application to be submitted for the project. As permitting progresses at
Burke Hollow, the air permit exemption application will be submitted
followed by the initial production area authorization application to
complete all necessary permits for production.

Regarding the Company's Palangana ISR Project, draft permits for the Mine
Permit and Production Area Authorization for PAA-4 have been issued. In
addition, the draft Aquifer Exemption Order to expand the aquifer exemption
boundary for PAA-4 has been issued. The draft RML license for PAA-4 has
also been issued, moving this project one step closer to increased
production capabilities. The final steps to approve new production at
Palangana will include issuance of final permits and concurrence of the