Uranerz Treasury Increases to $47M from Exercised Warrants

Uranerz Energy Corporation URZ announces that 3,947,821 share purchase warrants of the Company were exercised prior to the accelerated expiry date of February 25, 2011. Uranerz now has over $47 million in its treasury, with no debt and 75,605,474 shares outstanding. The Company is well-positioned to begin construction of its Nichols Ranch ISR Uranium Project pending receipt of the final Materials License.