Uranium Energy Corp (NYSE American: UEC the Company or UEC) is pleased to announce that in conjunction with the holding of the Company's recent annual general meeting of stockholders on July 30 2020 the following matters were duly ratified by the Company's stockholders and have now been implemented by the Board of Directors in the following manner:

• Amir Adnani Spencer Abraham Vincent Della Volpe David Kong Ganpat Mani and Gloria Ballesta were elected to the Board of Directors of the Company;
  
  
• PricewaterhouseCoopers LLP Chartered Professional Accountants were appointed as the Company's independent registered accounting firm;
  
  
• the Company's 2020 Stock Incentive Plan was approved;
  
  
• the Company's executive compensation was approved; and
  
  
• the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company immediately following the AGM:

Amir Adnani: President and Chief Executive Officer;

Pat Obara: Secretary Treasurer and Chief Financial Officer; and

Scott Melbye: Executive Vice President

About Uranium Energy Corp

Uranium Energy Corp is a US-based uranium mining and exploration company  In South Texas the Company's hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana Burke Hollow and Goliad ISR projects  In Wyoming UEC controls the Reno Creek project which is the largest permitted pre-construction ISR uranium project in the US  Additionally the Company controls a pipeline of uranium projects in Arizona New Mexico and Paraguay a uranium/vanadium project in Colorado and one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world located in Paraguay  The Company's operations are managed by professionals with a recognized profile for excellence in their industry a profile based on many decades of hands-on experience in the key facets of uranium exploration development and mining

Stock Exchange Information:
NYSE American: UEC
+Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein the information presented in this news release constitutes forward-looking statements as such term is used in applicable United States and Canadian laws These statements relate to analyses and other information that are based on forecasts of future results estimates of amounts not yet determinable and assumptions of management Any other statements that express or involve discussions with respect to predictions expectations beliefs plans projections objectives assumptions or future events or performance (often but not always using words or phrases such as expects or does not expect is expected anticipates or does not anticipate plans estimates or intends or stating that certain actions events or results may could would might or will be taken occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements Such forward looking statements involve known and unknown risks uncertainties and other factors which may cause the actual results performance or achievements of the Company to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements Such risks and other factors include among others the actual results of exploration activities variations in the underlying assumptions associated with the estimation or realization of mineral resources the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares accidents labor disputes and other risks of the mining industry including without limitation those associated with the environment delays in obtaining governmental approvals permits or financing or in the completion of development or construction activities title disputes or claims limitations on insurance coverage Although the Company has attempted to identify important factors that could cause actual actions events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be as anticipated estimated or intended There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements Accordingly readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release