GOLIAD - WEESATCHE

Uranium Energy announced that the respective government office approved the mine permit and production area authorization for the Goliad in-situ recovery project in South Texas, USA. The project now has one remaining authorization pending, a Radioactive Material License.

Uranium Energy Corp. announced that it has entered into definitive agreements to sell units of the Company by way of private placement, for aggregate gross proceeds of up to approximately Can$27,528,467.20. Company is expected to sell up to an aggregate of 8,096,608 Units, at a price of Can$3.40 per Unit. The bulk of these proceeds will be directed toward anticipated start-up at the Goliad ISR project.

Uranium Energy Corp announce that, effective after the close on June 26, 2009, the company completed a private placement financing involving the sale of an aggregate of 9,099,834 units of the company, together with 200,000 common shares at a subscription price of $2.40 per unit and share, for gross proceeds of $22,319,601. The net proceeds from the financing will be used for final permitting and construction of the company’s Goliad ISR Uranium Project, and for general corporate purposes.