Mr. Derek Iwanaka reports

URANERZ ANNOUNCES FIRST QUARTER 2013 FINANCIAL RESULTS

Uranerz Energy Corp. has released its financial results for the quarter ended March 31, 2013, as filed with the United States Securities and Exchange Commission (SEC) and in Canada with the Canadian Securities Administrators (on SEDAR).

The financial information presented is in accordance with U.S. generally accepted accounting principles. As an exploration-stage company without proven or probable reserves, all costs related to constructing the company's first mine are expensed as incurred in accordance with the SEC's industry guide 7. During the three months ended March 31, 2013, mineral property expenditures totalling $2,790,318 (2012, $6,365,807) were expensed, including processing facility construction and wellfield expenditures totalling $2,542,436 (2012, $6,128,020). As of March 31, 2013, the company has expensed processing facility construction and wellfield expenditures related to its Nichols Ranch ISR uranium project totalling $33,576,691 (Dec. 31, 2012, $31,034,255).

         RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31

                                                 2013             2012

Net loss                                  $ 4,080,745      $ 7,774,914      
Basic and diluted net loss per share      $      0.05      $      0.10           
Net cash used in operating activities     $ 4,253,789      $ 6,887,265      
Net cash used in investing activities     $    17,861      $   241,429        
Net cash provided by financing activities $         -      $    61,359         

To review Uranerz's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2013, including its management discussion and analysis, visit the SEC, SEDAR or Uranerz websites.

We seek Safe Harbor.