Gold Newsletter Issues Buy Recommendation on Uranium Energy Corp

Dear Shareholder,

Gold Newsletter, in its 36th year, is an advisory newsletter researched and written by respected Brien Lundin (www.goldnewsletter.com). In the August 2008 issue, Gold Newsletter issued a buy recommendation on UEC with strong commentary.

�Uranium Energy Corp (UEC.Amex; $2.20) continues to make steady progress, having recently completed a $15 million financing � no small feat in today�s markets. UEC will use the money to help it reach its goal of near-term uranium production on the Goliad project in South Texas�It�s ripe for accumulation...near these levels.�

To read Mr. Lundin�s full recommendation on the Company, please contact investor relations at 1-866-748-1030 to receive a copy of his report or email info@uraniumenergy.com.

Earlier this year, Brien Lundin and Gold Newsletter issued a strong buy recommendation on UEC and said the following:

�Here�s a closer look at Uranium Energy, a company that boasts an outstanding management team, a remarkable database of in-situ-leach oriented properties in the U.S., and a portfolio of highly prospective projects. The company�s flagship project is the Goliad property, located 90 miles southeast of San Antonio, Texas. It�s now headed toward production�UEC is undervalued compared with its Canadian-listed colleagues. Uranium stocks are on the rebound, and UEC is one of the best of the bunch. It�s a buy at current levels.�

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Investment highlights of Uranium Energy Corp:

• Extensive pipeline of 26 development and advanced exploration properties in the Colorado Plateau, New Mexico, Wyoming, Arizona, and Texas.
• Recently received Draft Mine Permit, first draft permit to be issued in over 10 years to publicly listed company in the U.S.
• Near-term ISR uranium development in South Texas.
• Technical team with demonstrated record in the discovery, development and operations of ISR and conventional uranium mines in the USA and globally.
• Ownership of strong intellectual capital - one of the largest US uranium exploration and development databases.

For further information about Uranium Energy Corp (AMEX: UEC), please click: www.uraniumenergy.com or call 1.866.748.1030