Mr. Derek Iwanaka reports

URANERZ AMENDS 2012 ANNUAL REPORT

Uranerz Energy Corp. has filed an amended annual report on Form 10-K/A with the U.S. Securities and Exchange Commission and in Canada with the Canadian securities administrators (on SEDAR), in order to restate:

1. Its audited annual financial statements for the years ended Dec. 31, 2011, and 2012, as contained in its annual report on Form 10-K filed on March 28, 2013;
2. The interim unaudited financial statements for the quarters ended March 31, June 30 and Sept. 30, 2012, as contained in its quarterly reports on Form 10-Q for such periods.

The company had previously announced its intention to file the amended annual report on Form 8-K filed April 1, 2013. This determination was made by management of the company, in co-ordination with its audit committee and its independent registered public accounting firm, following the determination by the staff of the SEC on March 29, 2013, that the SEC disagreed with the company's continued capitalization of construction costs related to the Nichols Ranch in situ recovery uranium project on the basis of management's belief that these costs are recoverable through future use.

Investors should no longer rely on (i) the company's audited annual financial statements for the years ended Dec. 31, 2012, and 2011, and the interim financial information for the quarters ended March 31, June 30 and Sept. 30, 2012, as contained in the company's annual report on Form 10-K filed on March 28, 2013, nor (ii) the unaudited interim financial statements for the quarters ended March 31, 2012, June 30, 2012, and Sept. 30, 2012, as contained in the company's quarterly reports on Form 10-Q for such periods. Investors are referred to the restated financial information contained on the Form 10-K/A filed April 29, 2013.

The restatement of these financial statements is to adjust for an accounting reclassification of project costs during the periods restated and did not change the company's reported cash in treasury, its overall cash flow or its business plan.

     RESTATED RESULTS OF OPERATIONS FOR 12 MONTHS ENDED DEC. 31, 2012
                                                                            
                                                     Restated       Previous
                                                                            
Net loss                                          $29,347,337    $14,501,543
Basic and diluted net loss per share              $      0.38    $      0.19
Net cash used in operating activities             $27,668,269    $13,666,266
Net cash used in investing activities             $   439,690    $14,441,693
Net cash provided by financing activities         $   479,924    $   479,924

The financial information presented is in accordance with U.S. generally accepted accounting principles. To review Uranerz's annual report on Form 10-K/A for the year ended Dec. 31, 2012, including its management discussion and analysis, visit the SEC, SEDAR or the Uranerz website.

We seek Safe Harbor.