Uranium Energy Corp. announced that it has filed a Technical Report Summary ("TRS") on EDGAR, disclosing mineral resources for the Company's Wyoming ISR Hub and Spoke Project (the "Project"). Background: As a U.S. domestic and domiciled company, UEC is now reporting all mineral resources in accordance with Item 1302 of Regulation S-K ("S-K 1300"); S-K 1300 was adopted by the SEC to modernize mineral property disclosure requirements for mining registrants and to align U.S. disclosure requirements more closely for mineral properties with current industry and global regulatory standards; and The mineral resource estimates set forth in this TRS have not previously been reported under the S-K 1300 format, except for the Reno Creek Project (See Company release dated February 9, 2022).

The TRS was prepared under S-K 1300 and was filed on April 4, 2022 with the SEC through EDGAR on Form 8-K and is also available on SEDAR as a "Material Document" filed on April 4, 2022. The TRS was prepared on behalf of the Company by WWC Engineering, of Sheridan, Wyoming. The Project consists of the Irigaray, Christensen Ranch, Moore Ranch, Reno Creek, Ludeman, Allemand-Ross, Barge and the Jab/West Jab project areas located in Johnson, Campbell, Converse and Sweetwater Counties, Wyoming.

Irigaray and Christensen Ranch have collectively been referred to as the Willow Creek Project, with the Irigaray Central Processing Plant ("CPP") as the processing plant for that project and with Christensen Ranch as a licensed and permitted satellite ion exchange plant. For the purposes of this TRS, the Irigaray and Christensen Ranch project areas and associated resources are referred to separately. The Irigaray CPP will serve as the 'hub' of the Project with the other project areas serving as satellite facilities, or the 'spokes.'

The Irigaray, Christensen Ranch, Reno Creek, Moore Ranch, Allemand-Ross, Barge and Ludeman project areas are located in the Powder River Basin ("PRB"). The Jab/West Jab project area is located in the Great Divide Basin ("GDB"). The following map shows the Wyoming hub and spoke concept.

Christensen Ranch and Irigaray (Willow Creek): The Willow Creek area is comprised of the Irigaray and Christensen Ranch projects. Christensen Ranch is currently under care and maintenance by the Company and Irigaray is operating in a toll processing capacity. The project is located in the PRB in Campbell and Johnson Counties.

The Irigaray CPP is the hub of the Project and is fully licensed, as is the Christensen Ranch satellite plant. Moore Ranch: The Moore Ranch Project is fully permitted and was previously developed by Conoco in the early 1980's. The project is located in the PRB in Campbell County. Reno Creek: The Reno Creek Project is fully permitted and was primarily developed by Rocky Mountain Energy in the 1980's. The project is located in the PRB in Campbell County.

See Company release dated February 9, 2022. Ludeman: The Ludeman Project is fully permitted, is located in the South Powder River Basin ("SPRB") in Converse County, WY, and is comprised of the former Leuenberger, North Platte and Peterson projects developed in the late 1970's by various other operators. Two ISR pilot plant operations were previously carried out at the Leuenberger and North Platte properties.

Most of the project area was held by Power Resources (Cameco) until 2003, after which Energy Metals (precursor to U1A) acquired the properties. Allemand ­ Ross: The Allemand-Ross Project is located in Converse County within the SPRB. The project was originally drilled and developed by Conoco beginning in the late 1960's. The mineralized trends are northerly extensions of those at Cameco's Smith Ranch/Highland Uranium Project.

Barge: The Barge Project is located in Converse County, WY, in the SPRB. It is near the site of the former Bear Creek Uranium Mine operated by Rocky Mountain Energy in the 1970's and 80's. The majority of the mineralization is within deeper trends not developed previously. Jab/West Jab: The Jab Project is located in the GDB in Sweetwater County, WY.

The project area was extensively explored during the 1970's through the mid 1980's with the principal exploratory work and drilling completed by Union Carbide Corporation and Western Nuclear Corporation. In 2006 and 2007, U1A conducted exploratory and verification drilling on portions of the project.