Uranium Energy Corp Acquiring Major Additional Section of Coronel Oviedo Uranium District in Paraguay

Uranium Energy Corp. (AMEX:UEC) announced that, effective October 25, 2011, the Company has entered into a Property Purchase Agreement (the “Purchase Agreement”) with three Paraguayan companies.

As stated in the press release:

The Property interests being acquired are contiguous on the northwest, west and east of the Company’s 247,000-acre Coronel Oviedo Project in central Paraguay, which was acquired as announced in May this year. This proposed acquisition increases the Company’s total land package held in Paraguay to 987,000 acres.

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