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URE.TO ·

Ur-Energy to Present at the Prospectors & Developers Association of Canada International Convention

Marketing Announcement

News Release

10758 W. Centennial Rd. Suite 200

Littleton, CO 80127

Phone: 720.981.4588

Fax: 720.981.5643

www.ur-energy.com

Ur-Energy to Present at the Prospectors & Developers

Association of Canada International Convention

Littleton, Colorado (PR Newswire – February 20, 2020) – Ur-Energy Inc. (NYSE American:URG)

(TSX:URE), announces that its Chairman, Jeffrey Klenda, will present at the Prospectors & Developers

Association of Canada (PDAC) International Convention, Trade Show & Investors Exchange in Toronto,

Ontario, Canada. The PDAC event is being held March 1 – 4, 2020.

Jeffrey Klenda, Chairman and CEO, will present at the conference, providing an overview and update of

Ur-Energy’s business. Mr. Klenda also will be available to participate in one-on-one meetings.

Event: PDAC Ur-Energy Inc. Presentation

Date: Monday, March 2, 2020

Presentation time: 3:00 p.m.

Location: Metro Toronto Convention Centre - Uranium Session Room 801 B, South Building

For more information on the conference or to schedule a one -on-one meeting with Mr. Klenda, please

contact [email protected] or contact Mr. Klenda directly at [email protected].

Please visit the Ur-Energy Inc. Booth at PDAC: Booth 2443 at the Metro Toronto Convention Centre

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, packaged and shipped approximately 2.5 million pounds U 3O8 from Lost

Creek since the commencement of operations. Applications are under review by various agencies to incorporate

our LC East project area into the Lost Creek permits and to operate at our Shirley Basin Project. Ur -Energy is

engaged in uranium minin g, recovery and processing activities, including the acquisition, exploration,

development and operation of uranium mineral properties in the United States. Shares of Ur -Energy trade on

the NYSE American under the symbol “URG” and on the Toronto Stock Exch ange under the symbol “URE.” Ur -

Energy’s corporate office is in Littleton, Colorado; its registered office is in Ottawa, Ontario. Ur -Energy’s website

is www.ur-energy.com.

FOR FURTHER INFORMATION, PLEASE CONTACT

Jeffrey Klenda, Chair and CEO

866-981-4588

[email protected]

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 and are based on current expectations that,

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while considered reasonable by management at this time, inherently involve a number of significant

business, economic and competitive risks, uncertainti es and contingencies (e.g., timing and ability to

complete all necessary authorizations to include LC East project area into Lost Creek permits and to operate

our Shirley Basin project; operations at Lost Creek). 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; production rates, methods and amounts varying from

estimates; delays in obtaining or failures to obtain required governmental, environmental or other project

approvals; changes in exchange rates; fluctuations in commodity prices; delays in development and other

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.