Uranerz Energy Corporation ("Uranerz" or the "Company") (NYSE MKT:URZ)(TSX:URZ)(FRANKFURT:U9E) announces that it has entered into an underwriting agreement (the "Underwriting Agreement") with a syndicate of underwriters led by Haywood Securities Inc. and including Cantor Fitzgerald Canada Corporation, Dundee Securities Ltd., Laurentian Bank Securities Inc.

In a recent announcement, Uranerz Energy Corporation’s $20 million loan application from late 2012 to the Wyoming Business Council (“WBC”) has gained support from state representatives. Due to a favorable review by independent consultants from the state, the WBC recommended approval of the loan. The loan itself will have a yearly interest rate of 5.75% with will be repayable over seven years. Uranerz is now working with the State administrators to complete the documentation for the closing of this financing.