Ur-Energy Appoints New President and Acting CEO.

OTTAWA -- Dr. James Franklin, on behalf of the Board of Directors of Ur-Energy Inc. (Ur-Energy or the Corporation) (TSX:URE) yesterday accepted the resignations of Robin Dow as Chairman, CEO and as a director and Paul Pitman as President of Ur-Energy.Dr. Franklin also announced that the Board has appointed W. William Boberg as President and Interim CEO.In addition, Mr. Jeffrey Klenda of Denver, currently a director of Ur-Energy, has been appointed Chairman of the Board. Mr. Klenda a founding shareholder of the company as well as a director since inception. The Corporation remains Ontario - based with its head office in Orleans, Ontario. Among the projects that the Corporation is currently focusing on is bringing its Lost Soldier and Lost Creek properties in Wyoming into production, and these activities are best managed from its Denver office.The Board expresses its gratitude to Mr. Dow for his valued contribution to the Corporation as a founder and for his efforts in taking the Corporation through its initial public offering.The Corporation is pleased to report that Mr. Pitman will be continuing with the Corporation as a director, and as Vice President, Canadian Exploration, in charge of the Corporation's Canadian projects, particularly focusing on the Thelon and Hornby Bay programs over the next year.As part of the arrangements with Mr. Dow and Mr. Pitman, the Corporation has agreed to make the contractor shares held be each individual, 400,000 common shares each, immediately available to these individuals; however, these shares continue to be subject to certain contractual restrictions.

Mr. Boberg has been Vice President of US Operations for the Corporation since September 2004 and he has been responsible for the Corporation's project acquisition and operations in the US since that time.Under his management Ur-Energy has acquired a major land position, covering nine projects, with uranium resources and a drillhole database in Wyoming, as well as developing a large technical staff of very experienced uranium geologists and engineers. Mr. Boberg's focus has been on the development of the Corporation as a producer of uranium including the permitting process on its two major resource projects, Lost Soldier and Lost Creek with the goal of achieving production from the Lost Soldier project in 2008 and the Lost Creek project in 2010.As President and Interim CEO, Mr. Boberg will continue to advance the ongoing efforts of both the US and Canadian operations.

Mr. Boberg received his Bachelor's degree in geology from the University of Montana and his Masters degree in geology from the University of Colorado. He is a registered Wyoming Professional Geologist and has over 40 years in mining and petroleum geology, mostly in minerals exploration and management in the United States and Africa.He has worked for Helca Mining Company, Gulf Mineral Resources Company, Continental Oil Company Minerals Department, World Nuclear, Kennecott Exploration Inc., Western Mining Corporation, Canyon Resources Corporation and Patrician Gold.Serving for five years in the US Army Corps of Engineers, reaching the rank of Captain, he had extensive leadership training and leadership roles including company commander, battalion adjutant (S-1) and senior advisor to a South Vietnamese Engineer Battalion.He has been Wyoming District Geologist for Conoco Minerals, Chief Geologist for World Nuclear, Uranium Program Manager for Kennecott Exploration, Vice President of Geology and Exploration for Western Mining Corporation (Liberia), Deputy Managing Director for Canyon Resources (Africa) and a Director of Patrician Gold.He has also been the president of the consulting companies Boberg GeoTech International and Africa Mineral Resource Specialists.He has extensive experience in the exploration for and development of uranium deposits and has authored a number of papers on uranium geology and uranium exploration in Wyoming.

Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Corporation trade on the Toronto Stock Exchange under the symbol URE.

James M. Franklin, P. Geo., Director and Chief Geologist, is the qualified person for this release.

This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.

Ur-Energy Inc. (TSX:URE)