Mr. Derek Iwanaka reports

URANERZ ANNOUNCES FOURTH QUARTER AND 2013 YEAR END FINANCIAL RESULTS

Uranerz Energy Corp. has released its financial results for the year ended Dec. 31, 2013, as filed with the U.S. Securities and Exchange Commission and in Canada with the Canadian securities administrators (on SEDAR).

The company's primary focus over the past year has been on construction of the processing facility and installation of the monitor, production and deep disposal wells for in situ recovery operations at the Nichols Ranch ISR uranium project, located in the Powder River basin of Wyoming, United States of America. The initial well field and processing facility are now completed, and two deep disposal wells are ready for use. Talented field and operations personnel have been employed and trained for start-up. The company must complete a preoperational inspection with the U.S. Nuclear Regulatory Commission prior to the start of uranium recovery operations.

The Nichols Ranch facility will serve as a platform for the potential future development of the company's other Powder River basin properties with possible enhanced economics for adjacent and satellite projects.

The financial information presented is in accordance with U.S. generally accepted accounting principles. As an exploration-stage company without proven or probable reserves, Uranerz expenses all costs related to constructing its first mine as incurred, in accordance with the SEC industry guide 7.

During the 12 months ended Dec. 31, 2013, mineral property expenditures totalling $18,107,003 (2012: $22,801,376) were expensed, including processing facility construction and well field expenditures totalling $16,913,734 (2012: $21,280,188). As of Dec. 31, 2013, the company has expensed processing facility construction and well field expenditures related to its Nichols Ranch ISR uranium project totalling $47,947,989 (Dec. 31, 2012: $31,034,255).

                          RESULTS OF OPERATIONS 

                                             For the 12 months ended Dec. 31,
                                                          2013          2012

Net loss                                          $ 26,271,275  $ 28,974,449
Basic and diluted net loss per share              $       0.33  $       0.38
Net cash used in operating activities             $ 23,286,877  $ 27,668,269
Net cash used in investing activities             $    328,405  $    439,690
Net cash provided by financing activities         $ 28,514,248  $    479,924

To review Uranerz's annual report on Form 10-K for the fiscal year ended Dec. 31, 2013, including its management's discussion and analysis, please visit the company's website, the U.S. Securities and Exchange Commission website or the company's profile on SEDAR.

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