Ur-Energy's 2009 Lost Creek Drilling Program Resumes

DENVER, COLORADO, Jul 30 (MARKET WIRE) --
Ur-Energy Inc. (TSX: URE)(NYSE Amex: URG) ("Ur-Energy" or "the Company")
is pleased to announce the continuation of the 2009 drilling program at
the Lost Creek Project. Following a successful winter drilling program in
the first quarter of 2009, the Company has returned to the field with
three drill rigs to complete additional delineation drilling.

In 2008, the Company delineated Mine Unit #1 for engineering well field
design. During the first quarter of 2009, a limited drilling program was
conducted to place seventeen (17) regional baseline and KM horizon test
wells. Many of those wells were subsequently utilized while conducting
regional hydrology testing on the KM horizon in preparation of a future
license/permit amendment to include the KM horizon as an approved mining
formation.

The 2009 summer drilling program at Lost Creek commenced, as planned, on
July 20. The program is focused on delineation of ISR recoverable uranium
resources within the planned Mine Unit #2 area. A detailed 200 drill-hole
program has been designed to obtain the geologic and mineralization data
necessary for mine planning within the HJ horizon in Mine Unit #2. A
secondary objective of the program is to continue to collect data from
the underlying mineralized horizons (KM and N) for future production
planning.

"Our plan is to have the first three mine units at Lost Creek delineated
and fully designed for well installation and construction prior to the
start of production in Mine Unit #1. That gives us the necessary time to
obtain the permits for future production units," said Harold Backer,
Executive Vice President of Geology and Exploration. "Early delineation
and planning are key to continued production at the desired rate of one
million pounds per year at the Lost Creek Project."

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently
completing mine planning and permitting activities to bring its Lost
Creek Wyoming uranium deposit into production while also planning and
permitting a two-million-pounds-per-year in situ uranium processing
facility. Ur-Energy engages in the identification, acquisition and
exploration of uranium properties in both Canada and the United States.
Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol
"URE" and on the NYSE Amex under the symbol "URG". Ur-Energy's corporate
office is located in Littleton, Colorado and its registered office is in
Ottawa, Ontario. Ur-Energy's website is www.ur-energy.com.

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. production rates, timetables and methods at
Lost Creek; sufficiency of cash to fund capital requirements; receipt of
(and related timing of) an NRC Source Material License and WDEQ Permit to
Mine and other necessary permits related to Lost Creek) 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. Factors that
could cause actual results to differ materially from any forward-looking
statements include, but are not limited to, capital and other costs
varying significantly from estimates; failure to establish estimated
resources and reserves; the grade and recovery of ore which is mined
varying from estimates; capital and other costs varying significantly
from estimates; production rates, methods and amounts varying from
estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; inflation;
changes in exchange rates; fluctuations in commodity prices; delays in
development and other factors. 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.

Contacts:
Ur-Energy Inc.
Dani Wright-Jones, Manager
Investor/Public Relations
1-720-981-4588, ext. 242
1-866-981-4588
dani.wright@ur-energyusa.com

Ur-Energy Inc.
Bill Boberg, President and CEO
1-720-981-4588, ext. 223
1-866-981-4588
bill.boberg@ur-energyusa.com
www.ur-energy.com

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