Ur-Energy Inc.

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	Suite 200, 10758 W. Centennial Road Littleton, Colorado 80127 U.S.A.
Tel No.:	(720) 981-4588 ext. 242
Fax No.:	(720) 981-5643
Toll Free No.:	1-866-981-4588
Web Site:	www.ur-energy.com
Corporate Email:	dani.wright@ur-energyusa.com
Contact Person:	Dani Wright
Position:	Manager, Investor/Public Relations

COMPANY DATA

Traded Market:	TSX
Traded Symbol:	URE
Outstanding Shares:	92 Million
Public Float:	90 - 95%
52 Week High:	$ 5.45
52 Week Low:	$ 2.17
Present Price:	Click Here

INTRODUCTION

Ur-Energy Inc. is focused on developing a mining and processing facility at its Lost Creek project in Wyoming. By bringing Lost Creek into production in 2009, Ur-Energy Inc. is well positioned to be the next uranium producer in Wyoming. Forecasts of 100,000 to 200,000 pounds of U3O8 have been estimated for start-up production before ramping up to full production in 2010 to 1 million pounds per year.

Despite its relative youth, Ur-Energy is headed by an expert management and technical team, representing more than 400 years of combined uranium experience. Ur-Energy has compiled an excellent historical resource base of more than 88 million pounds U3O8.

Supported by an extensive exploration database as well as the Company's own drilling programs and intensive analysis, Ur-Energy has attained a level of technical depth unmatched in a junior mining company. In fact, Ur-Energy is the only junior in the United States thus far to drill test, chemically assay and leach test its relevant resources, while establishing NI 43-101 compliant estimations that either confirm or exceed historic results. This gives Ur-Energy a strong upside exploration potential in both US and Canada.

PROJECT IN HAND

(1) Wyoming Projects, U.S.A.

Ur-Energy's United States mine development and exploration efforts are focused on "roll front" uranium deposits found within relatively recent (tertiary) intracratonic basins. Sandstone hosted uranium deposits within the US represent approximately 45% of the total world uranium resources, while over 95% of US uranium resources are of this ore-deposit type.

Wyoming is home to the largest uranium resource in the United States and is also one of the most mining friendly jurisdictions in the country. Ur-Energy is well positioned, controlling fourteen properties in Wyoming. Of these fourteen properties, nine are located in the Great Divide Basin where the Company has more than a dozen work crews completing detailed environmental, hydrologic and engineering studies on both its Lost Creek and Lost Soldier deposits.

Ur-Energy anticipates a production start date for Lost Creek in the last half of 2009 with Lost Soldier to be considered for start up within one to two years following Lost Creek. With the completion of extensive engineering studies and baseline environmental data studies, the Company has been preparing a comprehensive application for permit to mine which will be submitted during Q3-Q4 2007. The geologic and geographic similarities of the two deposits has allowed for numerous efficiencies in operations.

In additional to moving Lost Creek and Lost Soldier toward production, Ur-Energy is conducting exploration on several of its Wyoming properties geared toward discovery of new deposits and the development of new deposits. Ur-Energy's projects in the US cover more than 91,000 acres.

(2) Canadian Projects

Ur-Energy has projects in four major uranium basins of Canada: Athabasca Basin, Thelon Basin, Hornby Bay Basin and Baker Lake Basin. The Company's Canada projects present further opportunities for new discovery. Ur-Energy's Canada projects cover more than 380,000 acres.

The Thelon Basin, located in Canada's arctic provinces of Nunavut and Northwest Territories, is host to the Kikkavik-Andrew Lake and End deposits which contain 130 million pounds of U3O8 at an average grade of 0.38% U3O8. Potential high-grade uranium at the unconformity on the Screech Lake claims owned by Ur-Energy is suggested by high radon and radiogenic helium gases in soils and groundwater in lake bottom springs. Geophysical studies of Screech Lake suggest similar conditions to those associated with known uranium deposits in similar environments.

The Hornby Basin properties reveal significant radiometric anomalies and a high-grade boulder trains. One of the two claim groups encompasses the Triex Minerals Mountain Lake deposit which hosts the PEC deposit containing an inferred uranium resource of 8.2 million pounds U3O8 at a grade of 0.23% U3O8. These properties are under a venture agreement with Triex and are actively being explored.

The Bugs project is located in the Baker Lake Basin and was drilled during the late 1970's demonstrating a variety of uranium occurrences within the project area. Ur-Energy completed an airborne radiometric and magnetic survey in 2006 and conducted a field program in 2007 to define drill targets for the 2008 season.

In the Athabasca Basin, Ur-Energy has entered a venture agreement with Titan Uranium to explore the R-Seven and Rook-1 properties. A drill program is being completed in 2007 on this prospective property with numerous electromagnetic conductive zones. This property is adjacent to a Cameco property with a drill hole that intersected 0.024% U3O8 over 2.4 meters in a conductive zone that extends onto the R-Seven and Rook-1 property.

Corporate Objectives

1. To start producing uranium in Wyoming by 2009

2. To be a low-cost uranium producer and not be impacted by lower uranium spot prices

3. To extend and expand the Company's production pipeline through aggressive development and exploration programs.

Excellent Resource Base

Ur-Energy has compiled an excellent historical resource base consisting of more than 88 million pounds of U3O8.

Total NI 43-101 Compliant Resources
· 22.0 million pounds U3O8 Measured & Indicated
· 2.9 million pounds U3O8 Inferred

Total NI 43-101 Historic
· 3.3 million pounds U3O8 Historic Relevant Resource

Gross Historic Resources
· 88 million pounds U3O8 Historical Resource

MANAGEMENT

Ur-Energy's expert management and technical team represent more than 400 years of combined uranium experience.

Directors & Officers

Jeffrey T. Klenda, Chairman & Director (Mining Finance)

W. William Boberg, President, CEO & Director (Professional Geologist)

James. M. Franklin, Chief Scientist & Director (Professional Geologist)

Paul MacDonnell, Director (Conciliation Officer)

Robert Boaz, Director (Investment Banking)

Thomas Parker, Director (Professional Engineer)

Roger Smith, CFO (Certified Public Accountant)

Paul Pitman, Vice President, Canada Exploration (Professional Geologist)

Harold Backer, Executive Vice President (Professional Geologist)

Wayne Heili, Vice President, Mining (Metallurgical Engineer)

Paul G. Goss, General Counsel & Corporate Secretary (Corporate, Environmental and Mining Law)

NEWS UPDATE

On June 19, 2008, Ur-Energy Inc. announced that it has commenced the 2008 drilling program at the Bootheel property in southern Wyoming. The Bootheel property, together with the Buck Point property, make up the Bootheel Project LLC, a venture in which Ur-Energy and Target Exploration and Mining Corp. are the members. Target is the operator and is currently earning a 75% in the project.

Following its preliminary compilation and analysis of the existing historic database in late 2007, Target's plan for the 2008 program consists of approximately 50,000 feet of drilling in 80 to 90 holes. The primary objective for the year is to prepare a NI 43-101 compliant resource estimate.

On June 17, 2008, Ur-Energy Inc. announced that the United States Nuclear Regulatory Commission (NRC) has deemed the corporation's application to construct and operate the Lost Creek ISR project in Wyoming acceptable. The NRC will now commence a detailed technical and environmental review of the corporation's application, which the NRC strives to complete in 150 days.

On June 11, 2008, Ur-Energy Inc. provided drilling results for the month of May at its Lost Creek project in Wyoming. The project's 2008 drilling season started on May 7. In 14 days, Ur-Energy completed 108 holes, 60% of the new 108 drill holes intersected ore-quality mineralization, and 24% intersected strong mineralization. Two of the better results from the 108 drill holes are:

· LC327 with 3.36 GT (40.0 feet of 0.084% eU3O8 at 393.0 feet);
· LC254 with 4.05 GT (45.5 feet of 0.089% eU3O8 at 403.0 feet).

On May 22, 2008, Ur-Energy Inc. announced that it has received notice from the Wyoming Department of Environmental Quality (WDEQ) that the agency has found the Lost Creek project permit to mine application to be complete. Ur-Energy has been authorized to proceed with formal public notice of the application. This is the first permit application to advance past the completeness review in recent years.

On May 8, 2008, Ur-Energy Inc. announced that it began drilling on May 7, 2008, at the Lost Creek, Wyoming, project with three drill rigs. Three additional drill rigs started on May 8, 2008. The 2008 scope of activities at Lost Creek involves approximately 485 drill holes as described below:

§ Delineation and exploration drilling of 400 drill holes to determine the extent of mineable uranium resources and to locate potential extensions. Hole depths will generally range from 650 to 1,000 feet;
§ Installation of a series of 84 cased monitor wells mostly surrounding and within the first proposed mining well field unit. These wells will be maintained long term and will eventually be used during the production phase. Average depths will be approximately 500 feet. These wells will be used to test the hydrologic characteristics of the formation and for future groundwater quality monitoring;
§ One water supply well will be drilled with a total depth estimated to be 1,000 feet.

On December 20, 2007, Ur-Energy Inc. announced that its wholly-owned subsidiary, Lost Creek ISR, LLC, submitted an Application for In Situ Permit to Mine and Application for License to Mine to the State of Wyoming Department of Environmental Quality Land Quality Division (WDEQ) for its Lost Creek Project in Wyoming.

"The submittal of our Permit to Mine Application to the WDEQ represents the second major permit application submitted to regulatory agencies for the Lost Creek Project; the first, of course, being the NRC Source and Byproduct Material License Application," stated President and CEO Bill Boberg.

On November 8, 2007, Ur-Energy Inc. announced that it has completed the acquisition of 100% ownership of the seven unpatented mineral claims, land, exploration records and other data related to the RS project in the Great Divide Basin in Wyoming from Dalco Inc. On July 20, 2005, the Company entered into a definitive agreement whereby the Company increased its interest in stages. Altogether the Company paid US$325,000 and issued 325,000 common shares to Dalco, which will retain a production royalty of 3% on the total gross proceeds received by the Company on the sale of U3O8 extracted from uranium ores located on the seven mineral claims acquired.

On October 31, 2007, Ur-Energy Inc. announced that it has submitted its application to the U.S. Nuclear Regulatory Commission (NRC) for a source material licence for its Lost Creek uranium production project. This licence is the first stage of obtaining all necessary licences and permits to enable the Company to recover uranium via in situ recovery method at the Lost Creek project

The Lost Creek mine permit application to be submitted to the Wyoming Department of Environmental Quality (WDEQ). Individual mine unit applications for each well field will be submitted starting in 2008 to cover each individual mine unit or well field that will be produced on the Lost creek project.