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Charles Kelsey

Charles Kelsey, RadiationSafety Officer.Bill Boberg, President and CEO, stated, "I am thrilled to have these twoquality professionals join our team. Their extensive experience andskills fit perfectly with our current team of very strong technicalprofessionals and I look forward to working with them as they help usbring our projects into production and expand our property portfolio."Sam Talbott - Chief Geologist - Sam comes from Uranium Energy Corp wherehe was the District Exploration Manager for Wyoming. He has thirty yearsof experience in uranium exploration and mining and four years in thecoal bed methane industry. His years of experience include having beenManager of Exploration & Development with Mestena Uranium; SeniorGeologist for URI, Inc.; Drilling Supervisor/Geologist in the coal bedmethane industry; Well Field Engineer for Crow Butte Resources, Inc. andTotal Minerals Corporation; Chief Geologist for Malapai ResourcesCompany; and a Geologist for Tenneco Uranium Corp Sam has a B.S inGeology from the University of Wyoming and a B.A in Earth Science andBiology from Chadron State College.Dr. Charles Kelsey - Radiation Safety Officer (RSO) - Chuck comes fromthe U.S Army where he retired with the rank of Lieutenant Colonel.

Heheld the following positions during his 21 years of service: RadiationSafety Officer for the Office of the Director of Army Safety/Office ofU.S. Army Chief of Staff; Chief, Radiation Safety Division/RadiationSafety Officer; Chief, Medical Physics, Office of the Command Surgeon,Radiation Protection Officer; Radiation Protection Officer/Chief, HealthPhysics Office; Chief, Radiological Hygiene Branch and 7th MedicalCommand Radiological Hygiene Consultant; Nuclear Medical Science Officer.Chuck has the following Radiation Safety Training: RadAccidents MedPersonnel, Laser-RF Hazards, ABHP Exam Prep, Internal Dose Estimates,ABHP Exam Part II Prep, AMEDD Rad Health Sciences, ABHP Exam Part IIPrep, and passed Part I ABHP Certification Exam Chuck has a B.A inZoology, an M.A in Biology, an M.S in Health Physics, and a Ph.D inBotany/Plant Ecology. He will initially be working out of our Casperoffice and will move to the Lost Creek site when production begins.Lost Creek ProjectThe Company continues to advance matters to obtain an NRC Source MaterialLicense for the Lost Creek project. The Company submitted responses toall of the NRC Technical Report Requests for Additional Information("RAI") during this fiscal quarter.

In March 2009, the NRC provided anRAI for the Environmental Report portion of the Application for which theCompany anticipates submitting a complete response in the second quarterof 2009. Ur-Energy expects to satisfactorily respond to all questions ofthe NRC in advance of June 2009 when the Generic Environmental ImpactStatement for In-Situ Leach Uranium Milling Facilities ("GEIS") isexpected to be issued by the NRC. Unless site specific issues are raised,with the aid of the GEIS, the Company expects the NRC to complete thelicensing action, and issue the license, for the Lost Creek projectwithin about three months of the GEIS being issued. Ur-Energy anticipatesthe issuance of Lost Creek's NRC Source Material License in the fourthquarter 2009.The Company continues the effort to obtain a WDEQ Permit to Mine for theLost Creek project. On January 30, 2009, the WDEQ provided the Company aset of Technical Review comments. Ur-Energy is currently in the processof preparing responses for the WDEQ Technical Review.

The Companyanticipates submitting its responses in the second quarter of 2009.Ur-Energy anticipates the issuance of Lost Creek's WDEQ Permit in thefourth quarter 2009.Ur-Energy is taking positive steps in the preparation of a PermitApplication for future waste water disposal wells to be located withinthe Lost Creek Permit Area. The Company acquired detailed data includingformation stratigraphy, reservoir extent and properties, water qualityand assessment of well injection rates from a deep test well drilled inlate 2008. Requests for quotationsfor all major process equipment were prepared and solicited from vendorsand contractors. Bids are currently being evaluated and procurement willbe ongoing throughout 2009.

Construction at the Lost Creek site isplanned to begin as soon as practical after receipt of the necessarypermits.Bill Boberg, President and CEO, stated "Our work effort on Lost Creek iscontinuing as planned. We are still on track for getting into productionduring Q4 2010 with the funds on hand and will be ordering the long leadtime items for the plant throughout 2009 to assure that requiredequipment will be available when needed. In some regards we may begetting some advantage from the current financial crisis with some bidsalready coming in below budget."The Bootheel Project, LLCIn January 2009, Target Exploration & Mining Corp. ("Target"), theManager of The Bootheel Project, LLC, announced that it had completed theacquisition of the final historic data package in behalf of the BootheelProject. The data package, purchased from Cameco Resources, comprisesgeophysical and geological data from approximately 290,000 feet (88,390meters) of drilling carried out by Cameco, Kerr McGee and Uradco. Thedata set is currently being compiled by Target's geological team and willbe combined with the results from more than 50,000 feet (15,240 meters)of drilling completed by Target at the Bootheel property in 2008.

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