Ur-Energy to Present April 19 at the Emerging Growth Conference

LITTLETON, April 11, 2023 - Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that its Chairman and CEO, John Cash, will present at the Emerging Growth Virtual Conference on Wednesday, April 19, 2023.

Mr. Cash will present an update about Lost Creek as we ramp up construction and development operations to deliver into recently secured off-take sales agreements. Additionally, Mr. Cash looks forward to providing a progress report on the construction of our centralized construction facility and chemistry laboratory in Casper, Wyoming. He will also discuss our ongoing and innovative R&D projects. One of the new technologies would result in an additional 90% reduction of disposed water - beyond gains we have already achieved with our first-in-industry Class V system. A second project, on which we have filed a patent application, has the potential to significantly reduce wellfield drill rig time and costs as well as further reducing the already light environmental impact of our recovery methods.

Mr. Cash is presenting Wednesday, April 19, 2023, from 9:05 a.m. to 9:45 a.m. Eastern Time.

Ur-Energy invites you to attend its presentation at the Emerging Growth Conference. Please register to ensure you are able to attend the Conference and to receive updates that are released. Register here: https://goto.webcasts.com/starthere.jsp?ei=1595546&tp_key=ee5b7cb23b&sti=urg.

If you are unable to join Ur-Energy's presentation, an archived webcast will be available on EmergingGrowth.com/Conference.

The Emerging Growth Conference includes companies in a wide range of growth sectors, with strong management teams, innovative products and services, focused strategy and execution. Its audience includes potentially thousands of individual and institutional investors, as well as investment advisors and analysts.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 2.7 million pounds U₃O₈ from Lost Creek since the commencement of operations. Ur-Energy now has all major permits and authorizations to begin construction at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur?Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur?Energy's common shares is on the NYSE American under the symbol "URG." Ur?Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.

FOR FURTHER INFORMATION, PLEASE CONTACT

John W. Cash, Chairman, CEO and President
866-981-4588 (ext. 303)
John.Cash@Ur-Energy.com

Cautionary Note Regarding Forward-Looking Information

This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., ability to ramp-up production operations and deliver into sales agreements; the viability of any of the Company's ongoing R&D efforts, including the timing and cost to permit, implement and operate one or more of such advances, and the relative success achieved) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include factors described in the public filings made by the Company at www.sedar.com and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.