Uranium Energy Corp Appoints Industry Veteran Scott Melbye As Executive VP

Uranium Energy Corp ("UEC" or the "Company") is pleased to announce the appointment of Scott Melbye as Executive Vice President effective immediately. Scott is a 30-year veteran of the nuclear energy industry having held leadership positions in major uranium mining companies as well as industry-wide organizations. Through to June 2014, Scott was Executive Vice President, Marketing, for Uranium One, responsible for global uranium sales activities. Prior to this, Scott spent 22 years with the Cameco Group of companies, both in the Saskatoon head office and with their U.S. subsidiaries. He had last served as President of Cameco Inc., the subsidiary responsible for marketing and trading activities with annual sales exceeding 30 million pounds U3O8. Scott is currently the Chair of the Board of Governors of the World Nuclear Fuel Market ("WNFM"), President of the Uranium Producers of America ("UPA") and VP-Commercial for Uranium Participation Corporation ("UPC"). "UEC has the people, the assets and the ambition to expand in the United States and on a global scale as a producer of uranium, which is further demonstrated by our ability to attract a person of Scott's caliber. Scott is highly experienced and passionately promotes the growth of the nuclear fuel cycle to meet the world's ever-growing needs for clean, affordable and reliable energy," stated Amir Adnani, President and CEO. "His current roles with UPC, UPA and WNFM will keep him actively engaged in the nuclear fuel market, creating excellent synergies for UEC." "I am very excited to join UEC's team," said Mr. Melbye. "The last few years have provided for opportunities within our industry that have not existed before, and I look forward to contributing to UEC's growth on its way to becoming a major uranium producer."