Monday, April 5, 2010 – Before Market Open

Introductory Coverage

New “Trading Alert”

(AMEX: URZ - $1.91 per share)

www.Uranerz.com 

March 2010 Issue of Gold Newsletter (in its 40^th Year) Publishes Article on Uranerz Energy calling it, “a pure uranium play” and “it’s significantly undervalued right now compared to its peer group”

“Uranerz … is a buy near current levels”

The Green Baron Report is proud to introduce our new “Trading Alert” Uranerz Energy Corporation (AMEX: URZ) at $1.86 per share.  Historically, Green Baron new “Trading Alerts” rally a large percentage on huge volume within days and weeks after we initiate coverage.  We urge members to consider entry as close to Thursday’s closing price as possible, and to review third party comments and opinions included in this alert.

Gold Newsletter included an extremely favorable article on Uranerz Energy in its recent March issue.  Founded in 1971 to help return the right of gold ownership to American citizens, Gold Newsletter stands today as the oldest and most respected advisory on precious metals and mining stock investing.  We have included the majority of the article on Uranerz from Gold Newsletter below, and we hope your investment in URZ provides huge returns like so many of our previous Green Baron “Trading Alerts”.

Gold Newsletter Article on Uranerz Energy Corporation

Uranerz is rapidly advancing toward uranium production in the Powder River Basin of Wyoming. The company won’t be the first U.S.-based junior to do so, but it won’t be far behind, as it is making steady progress on permitting and expanding resources to support an in-situ recovery (ISR) operation that could start up next year. 

In December 2009, the U.S. Nuclear regulatory commission issued a draft environmental impact statement, saying there were no findings of “large” environmental impacts associated with the Nichols Ranch project. This is a critical milestone in the permitting process, as it clears the way for a license that will allow Uranerz to mine, process and deliver radioactive materials. With the nod from the NRC, an earlier okay from the Wyoming Department of Environmental Quality and plant design nearly complete, the company could begin to place orders for long-lead-time items at any time.

Start-up is projected for 2011 for an operation licensed to produce two million pounds of uranium annually. Initially, though, the proposed plant will produce 600,000 to 750,000 pounds of uranium oxide per year from the Nichols Ranch and Hank properties. The company has already signed long-term contracts for the sale of uranium from Nichols Ranch to two large nuclear operators.

Uranerz controls a significant land position in the Powder River Basin, an area where three of the world’s largest uranium companies — Cameco, Areva and Uranium One — also hold properties. For its part, Uranerz has over 38 uranium projects in various stages of exploration and development in the area, so the Nichols Ranch plant will help to reduce future development costs for attractive ISR mining methods.

Recently, the company announced updated uranium resource totals for the Powder River Basin properties for which it has Ni 43-101 compliant estimates. The totals — consisting of 10.8 million pounds of U3O8 in the measured and indicated category and 3.2 million pounds in inferred — do not include historic resources for a number of the company’s projects in the area.  So, the upside remains quite significant.

The steady progress by Uranerz to bring Nichols Ranch ever closer to production is another feather in the cap of its management team. That team built the original “Uranerz Group” into the third-largest primary uranium producer in the world when it was acquired in 1998 by Cameco.

Like its predecessor, Uranerz Energy is a pure uranium play. But it’s significantly undervalued right now compared to its peer group, and is a buy near current levels.

About Uranerz

(AMEX: URZ)

Uranerz Energy Corporation is a U.S.-based uranium company focused on achieving commercial ISR uranium production. The Company controls a strategic land position in the Pumpkin Buttes Uranium Mining District of the central Powder River Basin of Wyoming, U.S.A.

The Uranerz management team has specialized expertise in the ISR uranium mining method, and a record of licensing, constructing, and operating commercial ISR uranium projects. The Company has entered into long-term contracts for the sale of uranium to two of the largest nuclear utilities in the U.S., including Exelon.

Wyoming has a long and continuous commercial ISR uranium mining history dating back to 1987. Wyoming has the largest reserves, and is the largest producer of uranium, of any U.S. state.

DEFINITION: Green Baron “Trading Alert”

"Trading Alert" – A stock introduced to our members supported by research provided by a respected third party.  These are companies that we believe are worthy of investment, and we expect a big move up particularly in the extreme short-term.  These stocks have not been thoroughly researched by Green Baron staff, and therefore are not supported by a more in-depth profile.  Under the sub-section “Trading Alerts” on our website and our reports, we will provide a link to the independent research or BUY recommendation, a short description of the Company, and in some cases, we will conduct a Green Baron audio-taped webcast interview to allow a key person discuss the merits of the Company.