Uranium Resources’ Stockholders Approve Reverse Stock Split

  Uranium Resources’ Stockholders Approve Reverse Stock Split

Business Wire

LEWISVILLE, Texas -- January 14, 2013

Uranium Resources, Inc. (NASDAQ: URRE) (URI) announced that its stockholders
have approved the charter amendment that will permit the Company to conduct a
reverse stock split of its issued and outstanding common stock. Of the
outstanding shares entitled to vote at a special meeting of stockholders held
on January 14, 2013, 73.9 percent were “FOR” the reverse stock split.

The amendment allows URI to effect a reverse stock split by a ratio of not
less than 1-for-5 and not more than 1-for-15. The final ratio will be
determined by the Company’s Board of Directors and URI anticipates the reverse
stock split will take effect prior to the end of January 2013. The primary
intent of the reverse split is to enable URI to regain compliance with the
NASDAQ minimum bid price requirement to maintain the Company's stock listing
on NASDAQ.

“Seeing an overwhelming majority of the votes cast in favor of the reverse
stock split confirms the value our shareholders place on maintaining our
NASDAQ listing,” stated Terence J. Cryan, Interim President and CEO of URI.
“Upon successful completion of the reverse stock split, URI will shift its
focus to the previously announced shareholder rights offering. The shareholder
rights offering is designed to provide additional capital necessary to
progress our core projects while minimizing shareholder dilution.”

This news release does not constitute an offer of any securities for sale or a
solicitation of an offer to buy any securities.

About Uranium Resources, Inc.

Uranium Resources Inc. explores for, develops and mines uranium. Since its
incorporation in 1977, URI has produced over 8 million pounds of uranium by
in-situ recovery (ISR) methods in the state of Texas. URI has over 206,600
acres of uranium mineral holdings and 152.9 million pounds of in-place
mineralized uranium material in New Mexico and an NRC license to produce up to
1 million pounds of uranium per year. URI has an additional 1.3 million pounds
of in-place mineralized uranium material in Texas and South Dakota. The
Company acquired these properties over the past 20 years along with an
extensive information database of historic drill hole logs, assay
certificates, maps and technical reports.

URI’s strategy is to fully develop its resource base in New Mexico and Texas,
expand its asset base both within and outside of New Mexico and Texas, and
partner with larger mining companies that have undeveloped uranium assets or
with junior mining companies that do not have the mining experience of URI, as
well as provide restoration expertise to those that require the capability or
lack the proficiency.

Uranium Resources routinely posts news and other information about the Company
on its website at www.uraniumresources.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are subject to risks, uncertainties and assumptions and are
identified by words such as “expects,” “estimates,” “projects,” “anticipates,”
“believes,” “could,” and other similar words. All statements addressing
operating performance, events, or developments that the Company expects or
anticipates will occur in the future, including but not limited to statements
relating to the Company’s estimated mineralized uranium material, the
anticipated effective date of the reverse stock split and the benefits of the
proposed shareholder rights offering are forward-looking statements. Because
they are forward-looking, they should be evaluated in light of important risk
factors and uncertainties. These risk factors and uncertainties include, but
are not limited to, the spot price and long-term contract price of uranium,
the outcome of negotiations with the Navajo Nation, the Company’s ability to
reach agreements with current royalty holders, weather conditions, operating
conditions at the Company’s mining projects, government and tribal regulation
of the mining industry and the nuclear power industry, world-wide uranium
supply and demand, availability of capital, timely receipt of mining and other
permits from regulatory agents and other factors which are more fully
described in the Company’s documents filed with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties materialize, or
should any of the Company’s underlying assumptions prove incorrect, actual
results may vary materially from those currently anticipated. In addition,
undue reliance should not be placed on the Company’s forward-looking
statements. Except as required by law, the Company disclaims any obligation to
update or publicly announce any revisions to any of the forward-looking
statements contained in this news release.

Contact:

Investor Contact:
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
or
Media Contact:
Mat Lueras, 505-269-8317
Vice President, Corporate Development
mlueras@uraniumresources.com