Mr. Derek Iwanaka reports

WYOMING OFFICIALS SUPPORT URANERZ FINANCING UNDER INDUSTRIAL BOND PROGRAM

Uranerz Energy Corp.'s application to the Wyoming Business Council (WBC) for a $20-million loan under the Wyoming industrial development revenue bond program has garnered the support of the attorney general, state treasurer and governor. In late 2012, Uranerz submitted an application to the WBC for a $20-million loan. After the company's application received a favourable review by independent consultants engaged by the state, the WBC formally recommended approval of the loan to the state officials in March of this year. Those officials have now supported the granting of the loan subject to customary closing conditions. The loan is expected to carry an annual interest rate of 5.75 per cent and be repayable over seven years.

Uranerz is now working with the state administrators to complete the documentation for the closing of this financing.

"We are very pleased to be working with the state in arranging this non-dilutive, low-cost form of financing, which will fund completion of construction at our Nichols Ranch ISR uranium project in Johnson county," stated Glenn Catchpole, Uranerz's president and chief executive officer. "The industrial development revenue bond program is another positive example of how the State of Wyoming supports the minerals industry, helping make it No. 1 in America in uranium, trona, bentonite and coal production."

We seek Safe Harbor.