Ur-Energy Inc.: Lost Creek Makes Significant Progress on Permitting

DENVER, COLORADO, Nov 09 (MARKET WIRE) --
Ur-Energy Inc. (TSX: URE)(NYSE Amex: URG) ("Ur-Energy" or "the Company")
is pleased to announce favorable progress in the ongoing permitting
process for its Lost Creek uranium project in Wyoming. Ur-Energy, through
its wholly owned subsidiary, Lost Creek ISR, LLC "Lost Creek ISR"
continues to make significant progress on the permitting front.

Wayne Heili, Vice President of Mining & Engineering, noted, "Ur-Energy's
professional staff is executing a well coordinated effort to permit,
build and start production from our advanced stage development project at
Lost Creek. Our team is pursuing all available pathways that support our
aggressive construction and development plans for the project. Further,
our focused effort to obtain all the required licenses and permits is
clearly yielding results."

The Nuclear Regulatory Commission (NRC) is required to complete two
reports, the Safety and Environmental Report (SER) and the Supplemental
Environmental Impact Statement (SEIS), prior to issuing a Source Material
License. NRC staff has informed the Company that there are currently no
outstanding requests for additional information and that NRC staff is
presently drafting the Safety and Environmental Report. The NRC has also
confirmed that it is on schedule with the development of the Supplemental
Environmental Impact Statement for the Lost Creek Project. Issuance of
the license remains on track for June 2010.

The permitting process with the Wyoming Department of Environmental
Quality (WDEQ) is also nearing completion with the submittal of
significant responses to WDEQ comments during October. Lost Creek ISR
intends to respond to a few remaining questions as well as submit the
data package for the first mine unit in the coming weeks. Issuance of the
WDEQ Permit to Mine is expected well in advance of receiving the NRC
license.

The Bureau of Land Management (BLM) has determined that its project
review and approval will be independent of the environmental review
process carried out by the NRC. In response to this decision, Lost Creek
ISR submitted a Plan of Operations to BLM in October 2009. BLM has
appointed a coordinator for the review process and the review is
scheduled to begin immediately.

Several other permit applications, including the Sweetwater County
Development Plan, Air Quality application, and Class I UIC Disposal Well
application are under review by the respective agencies with approvals
expected before the end of 2009.

Bill Boberg, President & CEO, stated, "We started this permitting process
four years ago knowing that it would be a demanding process. The
regulatory agencies have taken a significantly more rigorous approach
than in the past and our highly professional staff has been task-driven
to assure that we fully satisfy the requirements of the agencies. We are
very pleased where we are at this stage in the process now that we can
see that the finish line for Ur-Energy is more clearly defined than it
has been for some time."

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 all other necessary permits related to Lost Creek, including
without limitation those referred to in this release; procurement and
construction plans, and the Lost Creek production timeline) 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

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