Uranium Energy Corp To Be Added to Russell 2000 Index and Russell 3000 Index

    AUSTIN, TX, June 17 /CNW/ - Uranium Energy Corp (NYSE-AMEX:   UEC, "the
Company"), a US-based resource company with the objective of near-term uranium
production, is pleased to announce that the Company is listed as a preliminary
addition to the Russell 2000 Index and the Russell 3000 Index as published on
June 12 by Russell Investment Group. Russell's final membership lists will be
published after market close on Friday, June 26.
    Annual reconstitution of the Russell's U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in place for one
year, means automatic inclusion in appropriate growth and sector indexes.
    Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to
evaluate performance of investment managers. For more information about
Russell indexes, visit www.russell.com.

    About Uranium Energy Corp

    Uranium Energy Corp (NYSE-AMEX:   UEC, "the Company") is a US-based
resource company with the objective of becoming a near-term ISR uranium
producer in the United States. Utilizing its extensive information library of
historic uranium exploration and development work, the Company has acquired
and is advancing uranium properties throughout the southwestern US. A Draft
Mine Permit was recently issued for the Company's lead project, the Goliad ISR
Uranium Project in South Texas. Operational management is comprised of
pre-eminent uranium mining and exploration professionals whose collective
experience in this industry gives the Company ongoing uranium mine-finding and
mine development expertise.

    Stock Exchange Information:

    Frankfurt Stock Exchange Symbol: U6Z
    ISN: US916896103

    Forward-Looking Statement Disclaimer

    This news release contains forward-looking statements within the meaning
of Section 27A of the United States Securities Act of 1933 , as amended, and
Section 21E of the United States Securities and Exchange Act of 1934 , as
amended. Statements in this news release, which are not purely historical, are
forward-looking statements and include any statements regarding beliefs,
plans, expectations or intentions regarding the future. These statements
involve risks and uncertainties which could cause actual results to differ
materially from those in the forward-looking statements contained herein. Such
risks and uncertainties may include, but are not limited to, the impact of
competitive products, the ability to meet customer demand, the ability to
manage growth, acquisitions of technology, equipment or human resources, the
effect of economic and business conditions, the ability to attract and retain
skilled personnel and factors outside the control of the Company. These
forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward-looking statements or
to update the reasons why actual results could differ from those projected in
the forward-looking statements. Although the Company believes that the
beliefs, plans, expectations and intentions contained in this news release are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors
disclosed in the Company's periodic reports filed from time-to-time with the
United States Securities and Exchange Commission. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.

For further information:

For further information: Contact North America: Investor Relations,
Uranium Energy Corp, Toll Free: (866) 748-1030, Fax: (512) 535-0832, E-mail:

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