DISCLAIMER - Uranium ?· DISCLAIMER. Statements contained ... 4 KEY COMPETITIVE ADVANTAGES DRIVE THE…

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    DISCLAIMER

    Statements contained in this presentation which are not historical facts are forward-looking statements that involve risks,

    uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by

    such forward- looking statements. Factors that could cause such differences, without limiting the generality of the

    following, include: risks inherent in exploration activities; volatility and sensitivity to market prices for uranium; volatility

    and sensitivity to capital Market fluctuations; the impact of exploration competition; the ability to raise funds through

    private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks

    including increased regulatory burdens; unexpected geological or hydrological conditions; a possible deterioration in

    political support for nuclear energy; changes in government regulations and policies, including trade laws and policies;

    demand for nuclear power; failure to obtain necessary permits and approvals from government authorities; weather and

    other natural phenomena; and other exploration, development, operating, financial market and regulatory risks.

    Although Uranium Energy Corp. believes that the assumptions inherent in the forward-looking statements are

    reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this release.

    Uranium Energy Corp. disclaims any intention or obligation to update or revise any forward-looking statement, whether

    as a result of new information, future event or otherwise.

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    ABOUT Uranium Energy Corp

    BUSINESS MODEL AND MISSION STATEMENT:

    Achieving near-term, low-cost uranium production using In-Situ Recovery (ISR) mining in Texaswhile developing a pipeline of additional significant uranium resources for ongoing major growth across the U.S.

    4 KEY COMPETITIVE ADVANTAGES DRIVE THE UEC BUSINESS MODEL TOWARDS PRODUCTION:

    FAST TRACK PERMITTING: Texas remains top U.S. jurisdiction for permitting ISR uranium projects.The Goliad ISR project is the clear, near-term production leader for investors looking to take part in the growth of the US uranium sector.

    LOW COST ISR MINING: Substantially lower capital expenditure requirements when compared to conventional mining and quicker pay-back schedule for investors.

    TECHNICAL TEAM: Technical team has decades of production track-record combined with a strong corporate team to secure financial resources needed to put projects into production.

    EXCLUSIVE DATA: Control of more than 500,000 ft. of historic drilling reports throughout the Uranium states of WY, AZ, UT, CO, NM, TX for acquiring the most economic new projects.

  • INVESTMENT SUMMARY

    US uranium growth strategy built around technical excellence and near-term production

    Why investin UEC as a junior

    U308 stock?

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    Poised to become one of the few, new uranium producers in the world

    $26M cash on hand, funded to develop and construct flagship project

    Technical team involved with 35 ISR projects in the US

    Low Permitting Risk in Texas with Draft Permit and Production Area Authorization 1 in hand

    Low Geological risk with shallow deposit and ISR process

    Last major ISR project put into production (in 2005) by UEC team in Texas

    Security of supply premium with all projects in the U.S

  • OFFICERS AND DIRECTORSAlan Lindsay Chairman

    Over 30 years of experience in executive management

    Successful founder of public companies in mining and biotech sectors

    Amir Adnani - President, Chief Executive Officer, Director

    An entrepreneur with extensive contacts throughout the financial and mining communities.

    Founder of Blender Media Inc, a financial marketing firm that was named a fastest growing company in Canada

    Harry L. Anthony Chief Operating Officer, Director

    Internationally recognized expert in the field of ISR uranium mining.

    Pat Obara Chief Financial Officer

    Experience as a financial officer of TSX-listed companies in mining and technology.

    Erik Essiger Director

    Over 18 years of international business experience, former manager at PWC in Germany.

    Ivan Obolensky Director

    40 years experience in the investment banking business in New York as a research analyst.

    Vincent Della Volpe Director

    38 year career as a portfolio manager, with several billions of dollars under management

    Mark Katsumata - DirectorThirteen years solid experience in financial reporting and Canadian/U.S. securities regulation compliance as Chief Financial Officer/Vice President, Finance of numerous TSX/TSX Venture companies

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  • TECHNICAL TEAM

    World-renowned ISR expert with 30 yrs experience

    Harry AnthonyChief Operating

    Officer

    Curtis SealyVice Presidentof Production

    40 years experience designing and constructing

    mines internationally

    Clyde YanceyVice Presidentof Exploration

    Proven US uranium mine finder

    Ed BrezinskiVice President of Corporate Development

    20 years experience with utility companies, nuclear fuel traders

    and brokers

    Larry MinterSenior Geologist

    Proven discoverer of uranium ore bodies in the

    southwestern United States

    Robert UnderdownGeneral Manager of Texas Operations

    Has held senior operational positions at ISR uranium

    mines in Texas since 1978

    Joshua LeftwichEnvironmental

    Manager

    Formerly Manager ofEnvironmental Health

    and Safety at Alta Mesa ISR uranium mine

    Clint MilneSenior Geologist

    35 years experience exploring for uranium in

    US with Mobil Oil, Kennecott Energy and ARCO

    Craig HolmesPermitting Manager

    Leonard Garcia

    Land LeasingSpecialist

    30 years experience in title research, lease negotiation

    and land acquisition

    Dr. Aiguo BianMine Development

    Geologist

    Formerly a professor in the Department of Physics and Geosciences at the Texas

    A&M University

    Andrew Kurrus

    Chief Geologist Texas

    30 years experience exploring for uranium in the US

    30-year career dedicated to permitting of uranium mines

    spanning 26 projects in the US.

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  • THE FUTURE IS NUCLEAR POWER

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    Global reactors connected to the grid

    Today nuclear generates 16% of worlds electricity

    The number of reactors globally:under construction is 45, being planned is 112, and being proposed is 276

    Further doubling by 2035 with constant growththere after

    There are 440 nuclear power plants operating in world with 104 in U.S.

    U.S.is the largest consumer of uranium in the world with nuclear supplying ~22% of U.S. electric power

    Source: Nuclear Association ( world-nuclear.org)

  • World Primary Supply vs. Demand2002-2020 Mid Production Case

    Source: Uranium Market Outlook

    2009: Existing production of 120M needs to be increased by 55% to keep up with existing demand

    Uninterrupted demand for new uranium production sources

    In 2010 as UEC enters productionthe shortfall will be ~60M lbs/year

    New Production

    Existing Production

    60M lb World Deficit

    At UEC Production

    Start in H2 2010

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  • Rising Prices & Global Production Challenges 2006-2009

    (Million pounds U3O8) 2006 2007 2008 2009

    Projected Production (Start of Year) 114.6 117.0 123.9 120.0

    Total Consumption 166.9 167.4 168.8 ~168

    Actual Production (End of Year) 102.6 108.1 115 ?

    Net Difference in Production -10% -8% -7.2% ?

    Publication Source: UX Consulting

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  • U.S. was the Largest Uranium Producer in the 20th Century

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    Cumulative Global Uranium Production[t U]Total to 2000 {OCED 2002}

    World Total = 1,939,951 t

  • EXPLORATION DATABASES

    JURISDICTION PROVIDER YEARS OF DATA DRILL HOLES

    US, Canada, Australia Kerr-McGee 40

    Maps, Geologic reports,

    Engineering feasibility analyses

    Texas Continental Oil (now Conoco Phillips) 10 250

    Texas Mobil Oil (now ExxonMobil) 20 1,000

    Texas Moore Energy 20 1,000

    Texas Knupke 40 500

    Texas Nueces Mineral Co 10 370

    Wyoming Robert Odell (Rocky Mountain Uranium Scout) 50 500

    Wyoming NAMMCO (William Kirkwood) 15 500

    Wyoming Jebsen 20 130

    Arizona Oklahoma Public Services 10 200

    15 States Brenniman 9 7,200

    5 States Halterman 500

    3 States Jebsen II 20 500

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  • Project/HistoricOperator ResourceMMlbs

    Goliad/MooreEnergy 6.9(1)

    Nichols/TexacoCorp 1.3(1)

    Cebolleta/StandardOilofOhio 10.1(1)

    WestRanch/KerrMcGee 2.6

    LosCuatros/TeckCorp 12.0

    ColoradoPlateau/UravanMinerals 3.3

    ArtilleryPeak/OklahomaPublicServices 2.0

    BurntWagon/KirkwoodOil 0.5

    GrantsRidge/Homestake/AnacondaMining 0.24

    Carnotite/UravanMinerals 2.6

    Total 41.54

    PROJECTS

    Note: The resources stated are historical in nature. Recent independent verification of the data has not yet been performed. The Company has not completed sufficient exploration to verify the historical resource estimates.

    (1) 43-101 Technical Reports completed and available on SEDAR

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    TEXAS ISR: FAST TRACK PERMITTING ADVANTAGE

    Texas is an Agreement State. The Texas Commission on Environmental Quality (TCEQ) issues the mining permit. No Federal approvals are necessary.

    TCEQ issued a Draft Mine Permit for the Goliad ISR Project, the first in over ten years to a publicly listed company in the U.S.

    All required permitting applications filed with the TCEQ

    30+ years of uranium mining in Texas, 31 applications made = 31final permits granted.

    Companys proposed ISR Plant will be capable of processing 2,000,000 million pounds U3O8 per year

    ISR Capital of the Western World

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  • TEXAS ISR: A REGIONAL OPPORTUNITY

    South Texas uranium trend covers 300 miles in over 54 counties.

    26 of 31 current or historic deposits in trend have been ISR amenable deposits.

    South Texas trend shows good potential to make Goliad a long-term regional uranium production center.

    Company announced 43-101 report on Nichols property for first satellite project.

    UEC technical team has been involved in 35 ISR plants or satellites in the US.

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    GOLIAD ISR PROJECT - OVERVIEW

    Initial area of confirmation and definition drilling

    Exploration Permit ~10,000 acres

    (outlined)

    Located in north Texas, Goliad is the largest ISR Uranium Project in Texas.

    6.9 million pounds 43-101 Compliant Resource, Measured & Indicated 5.4 million pounds and Inferred 1.5 million pounds U3O8.

    Independent resource estimate is based on the results from 1,086 drill holes, 599 by UEC, 487 historic.

    Exciting Blue Sky Potential- Uranium mineralization remains open laterally in all directions. Resource poised to grow.

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    Mineralization is in four sand horizons from depths of 90 to 450 feet.

    Average thickness of 15 feet and average grade of 0.075%* across all four sand horizons.

    Project is amenable to ISR.

    Metallurgical testing has been independently reviewed with recoveries of 86% to 89%.

    GOLIAD ISR PROJECT GEOLOGY

    * Based on a positive chemical/radiometric disequilibrium factor of 1.494. The disequilibrium factor (DEF) refers to the ratio of the actual grade of uranium in the formation to the grade obtained from gamma ray logging.

    Aquiclude orupper confining layer

    Aquiclude orlower confining layer base of D sand

    Surface

    450 Feet

  • ISRs LONG STANDING ADVANTAGES

    Today virtually all US uranium production is by way of ISR mining

    Typical production profile for a Texas ISR uranium project:

    CAPEX of $20 to $25 million

    Cash cost of $12 to $15 per pound

    According to the World Nuclear Association, 25% of global uranium production in 2006 was by ISR mining

    ISR mining has several advantages over conventional mining

    minimal environmental impact

    lower capital and operating costs

    Mestea Uranium LLC, Alta Mesa ISR Uranium Project, South Texas

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  • THE ISR MINING PROCESS

    Amenable ISR deposits are located in an aquifer or underground permeable rock, such as sandstone, that is saturated in water

    Ground water fortified with oxidizing agents pumped in to the ore body in-situ causing the uranium contained in the ore to dissolve

    Dissolved uranium (U3O8) solution pumped to the surface to be separated processed into a dried form of yellowcake uranium

    Yellowcake is then shipped to a conversion facility for sale to nuclear plants for electricity generation

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  • Partnerships, Joint Ventures & Sector Consolidation: Global Activity over past 120 days

    Uranium projects continue to get financed, despite tough market conditions

    Huge interest from Japan to lock-in attractive, high IRR projects at low prices

    Permitting continues to be a crucial driver in all transactions

    Security of supply likely prompted these deals

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    Eastern Goldfields, Australia (Lake Maitland)Project Value: US$140mmType: Open PitBuyer: JAURD and ITOCHU

    Namibia, Africa (Valencia)Project Value: C$578mmType: Open PitBuyer: George Forrest International

    USA and Kazakhstan Investment Value: C$270mmProject Types: ISRBuyer: Toshiba, and TEPCO, and JBIC

    Canada and USAInvestment Value: C$95mmProject Types: Open Pit & ISRBuyer: KEPCO

  • CEBOLLETA PROJECT A Premier Development Opportunity

    L-Bar Ranch Reclaimed Mill Site

    L-Bar Mine & Mill (circa 1978)

    Former producing uranium mine situated in the Grants Uranium District, New Mexico

    Grants District produced over 340M lbs U3O8 prior to 1986, largest producing uranium field in the USA. Over 100 M lbs produced from the Jackpile Mine immediately adjacent to Cebolleta that was operated by Anaconda between 1953-1982.

    UEC controls 49% of Cebolleta in partnership with Neutron Energy Inc.

    The Cebolleta Land Grant is a private entity managed by a board of trustees who have the authority to approve and use the natural resources within the grant boundary.

    43-101 report with historic resource of 20.86 million pounds of U3O8 grading 0.124%

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  • 10-Day Average Volume (as of July 1, 2009):

    UEC: AMEX ~ 2,400,000 U6Z: Frankfurt ~ 150,000

    SHARE CAPITAL AND CASH POSITION

    AS OF June 30, 2009 (un-audited)

    Issued & OutstandingWarrantsOptionsFully Diluted

    Cash on handCash potential from Warrants*Cash potential from optionsTotal

    Monthly cash burn

    *Warrants:

    3,238,458 warrants @ 3.104,549,917 warrants @ 3.10500,000 warrants @ $1.00

    Mgmt. & insider ownershipInstitutional ownership

    55,989,561 8,288,375 5,448,000

    69,725,936

    $26,495,084$24,643,962

    $3,037,267 $ 54,176,313

    ~$550,000

    Expiring

    July 2010June 2011

    March 2016

    ~25%~35%

    One Year Price/Volume Chart

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  • CORPORATE HISTORYOct 2004 UEC acquires portfolio of uranium projects in Wyoming, Arizona, Colorado

    Oct 2005 UEC acquires advanced stage Goliad Uranium Project in Texas

    Feb 2006 UEC goes public by listing shares on the OTCBB under the symbol URME

    Jul 2006UEC raises $5,000,000 equity financing 2,500,000 units, at a subscription price of US $2.00 per unit; each unit is comprised of one common share and one-half warrant exercisable at $2.50 per share

    Jan 2007UEC raises $13,500,000 equity financing5,400,000 units, at a subscription price of US $2.50 per unit; each unit is comprised of one common share and one-half warrant exercisable at $3.00 per share

    Sep 2007 UEC begins trading on the Amex under a new symbol UEC

    Dec 2007UEC raises $6,750,000 equity financing1,800,000 units, at a subscription price of US $3.75 per unit; each unit is comprised of one common share and one warrant exercisable at $4.25 per share

    Mar 2008 UEC reports independent NI 43-101 resource estimate at Goliad project

    Mar 2008 UEC acquires exclusive rights t...

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