Uranium Energy Corp Reports Continuation of Strong Phase-One Drill Results at Salvo Project in South Texas

Uranium Energy Corp UEC announced the continuing strong phase-one exploration drilling results at the Company's Salvo project located in Bee County, approximately 50 miles from the Company's Hobson processing facility in South Texas. A total of 106 holes have been completed since the drilling program was initiated on November 8, 2010. The scope of the program is to verify and expand the NI 43-101 historic resource of 1.5 million pounds of U3O8 as reported on July 19, 2010. This release reports results from an additional 63 holes drilled from January 4 through April 1 this year. The first 43 holes of the campaign were drilled between November 8 and December 17, 2010 as reported on December 20, 2010.