NEWS RELEASE.

April 4, 2012: Littleton, Colorado – Ur-Energy Inc. (Stock Profile – TSX:URE & AMEX:URG) reported an upgrade to the National Instrument (NI) 43-101 Mineral Resource estimate on the Lost Creek Property.  This resource update has been achieved by reviewing the Company’s historical drill-hole database related to property interests recently incorporated into the Lost Creek Property through acquisition and claim staking.  The resource estimate was completed as a part of an update to the Preliminary Economic Assessment now underway for the Lost Creek Property.

The updated compliant resource estimate of 8.35 Mlbs U₃O₈ in the Measured and Indicated categories represents a 45% increase from the previous estimate dated February 29, 2012.  Resources reported in the Inferred category have also been increased by 42% to an updated total of 2.87 Mlbs U₃O₈.  The new total resource for the Lost Creek Property is shown in the table below:

 Lost Creek Property Mineral Resources as of April 4, 2012

To read the full release – CLICK HERE.

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