Mr. Paul Goranson reports

URANERZ PERSONNEL AND OPERATIONS UPDATE

Uranerz Energy Corp. has added two new key personnel with the hiring of James Doug Norris, PEng, as senior process manager and Robert Blackstone, PG, as senior geologist.

Mr. Norris has over 30 years of experience in the uranium in situ recovery (ISR) industry and prior to joining Uranerz he worked for Cameco Resources as a chief engineer. Mr. Norris has performed ISR plant design, construction and operations for companies such as Mestena Uranium LLC, Rio Algom Mining Corp., Power Resources Inc. and Everest Minerals Corp.

Mr. Blackstone has over 37 years of experience in uranium and petroleum exploration and development. Prior to working for Uranerz, Mr. Blackstone was most recently with Cameco Resources, and prior to that with Rio Algom Mining Corp. and Kerr McGee, working in all of the significant uranium resource districts in the Western United States. Mr. Blackstone brings experience and a solid record of uranium geology, roll-front interpretation, well field design and resource development that will have a positive influence on the continued development of Uranerz's uranium projects.

Uranerz is nearing completion of the commissioning phase of mine operations at Nichols Ranch and thus far flow rates from the production wells have outperformed initial estimates. Since the company made its first uranium-loaded resin delivery to Cameco Resources' Smith Ranch uranium processing facilities in mid-June, the head grade, or concentration of uranium in the recovery solution, is continuing to increase on the expected profile. Further deliveries of uranium-loaded resin are now being sent to Cameco for toll processing on a routine basis. Accordingly, the company expects to reach commercial production in the third quarter of 2014 and start making deliveries to its nuclear utilities customers.

"We are very pleased that operations are meeting or beating our expectations and no significant start-up issues have been observed," stated Paul Goranson, Uranerz's president and chief operating officer. "We have a great operations team that has been responsible for the successes achieved to date."

We seek Safe Harbor.