UEX Announces the Appointment of Roger Lemaitre as President and CEO

UEX Announces the Appointment of Roger Lemaitre as President and CEO 
Trading Symbol: UEX-TSX 
VANCOUVER, Dec. 19, 2013 /CNW/ - UEX Corporation ("UEX") has appointed Roger 
Lemaitre, P.Eng., P.Geo., MBA, M.Sc. (Applied), B.Sc. (Applied) to the 
position of President and CEO effective January 15, 2014. Mr. Lemaitre will 
also be appointed to the Board of Directors. 
Mr. Roger Lemaitre is a Professional Engineer and Geologist with more than 20 
years of professional experience, with both senior and junior mining 
companies. Before joining UEX, Mr. Lemaitre held the position of CEO and 
Executive Director of URU Metals Limited ("URU"), an AIM-listed junior uranium 
and base metal exploration company, where he re-organized the company's asset 
mix by identifying and successfully acquiring significant new exploration 
Prior to joining URU, Mr. Lemaitre held a variety of senior management 
positions with Cameco Corporation ("Cameco"), one of the world's largest 
uranium producers, and was Cameco's Director of Worldwide Exploration 
Projects. In this position, Mr. Lemaitre had responsibility for overseeing 
the execution of Cameco's growing international exploration programs and 
budgets as well as overseeing the field activities of three global exploration 
offices. Before becoming the Director of Worldwide Exploration, Mr. Lemaitre 
was Cameco's Manager of Regional Exploration, Saskatchewan and was involved in 
Cameco's strategic growth team tasked with the identification of opportunities 
in the uranium sector. 
Mr. Lemaitre has a Masters of Applied Science in Geology from McGill 
University, a Masters of Applied Science in Geological Engineering from Queens 
University and a Masters of Business Administration from Athabasca University. 
The Board of Directors welcomes Mr. Lemaitre. 
As announced on July 26, 2013, Graham Thody, CA will retire from the executive 
position of President and CEO. He will remain a consultant to UEX and a 
member of the Board of Directors. The Board of Directors would like to thank 
Mr. Thody for his past contributions and looks forward to his continuing 
involvement with UEX. 
About UEX 
UEX (TSX:UEX, OTC:UEXCF.PK, UXO.F) is a Canadian uranium exploration and 
development company actively involved in 16 uranium projects, including six 
that are 100% owned and operated by UEX, one joint venture with AREVA that is 
operated by UEX, as well as eight joint-ventured with AREVA and one joint 
venture with AREVA and JCU (Canada) Exploration Company, Limited, which are 
operated by AREVA. The 16 projects, totaling 264,363 hectares (653,255 
acres), are located in the eastern, western and northern perimeters of the 
Athabasca Basin, the world's richest uranium belt, which accounts for 
approximately 15% of the global primary uranium production. UEX is currently 
advancing several uranium deposits in the Athabasca Basin which include the 
Kianna, Anne, Colette and 58B deposits at its currently 49%-owned Shea Creek 
Project, and the Horseshoe, Raven and West Bear deposits located at its 
100%-owned Hidden Bay Project. UEX currently has a cash position of 
approximately $9.0 million. 
UEX's two major projects have mineral resource estimates as follows: 
UEX Corporation - Indicated Mineral Resources ((1) (2) (3)) 
|               |          |   Grade    |    Total     | UEX's share  |
|      Project  |   Tonnes |            |              |              |
|               |          |U(3)O(8) (%)|U(3)O(8) (lbs)|U(3)O(8) (lbs)|
|  Shea Creek ( |          |            |              |              |
|      (2))     | 2,067,900|     1.484  |    67,663,000|    33,154,870|
|  Hidden Bay ( |          |            |              |              |
|      (3))     |10,372,500|     0.160  |    36,623,000|    36,623,000|
|TOTAL INDICATED|12,440,400|     0.380  |   104,286,000|    69,777,870|
UEX Corporation - Inferred Mineral Resources ((1) (2) (3) ) 
|                |         |   Grade    |    Total     | UEX's share  |
|      Project   |  Tonnes |            |              |              |
|                |         |U(3)O(8) (%)|U(3)O(8) (lbs)|U(3)O(8) (lbs)|
|Shea Creek ((2))|1,272,200|     1.005  |    28,192,000|    13,814,080|
|Hidden Bay ((3))|1,109,200|     0.111  |     2,715,000|     2,715,000|
| TOTAL INFERRED |2,381,400|     0.589  |    30,907,000|    16,529,080|
(1) The mineral resource estimates follow the requirements of National 
Instrument 43-101 - Standards of Disclosure for Mineral Projects 

    and classifications follow CIM definition standards.

(2) The Shea Creek mineral resources were estimated at a cut-off of
    0.30% U(3)O(8), and are documented in the Shea Creek Technical
    Report with an effective date of May 31, 2013 which was filed on
    SEDAR at www.sedar.com on May 31, 2013.

(3) The Hidden Bay mineral resources were estimated at a cut-off of
    0.05% U(3)O(8), and are documented in the Hidden Bay Technical
    Report with an effective date of February 15, 2011 which was filed
    on SEDAR at www.sedar.com on February 23, 2011.

Forward-Looking Information

This news release may contain statements that constitute "forward-looking 
information" for the purposes of Canadian securities laws. Such statements are 
based on UEX's current expectations, estimates, forecasts and projections. 
Such forward-looking information includes statements regarding UEX's mineral 
resource and mineral reserve estimates, outlook for our future operations, 
plans and timing for exploration activities, and other expectations, 
intentions and plans that are not historical fact. The words "estimates", 
"projects", "expects", "intends", "believes", "plans", "will", "may", or their 
negatives or other comparable words and phrases are intended to identify 
forward-looking information. Such forward-looking information is based on 
certain factors and assumptions and is subject to risks, uncertainties and 
other factors that could cause actual results to differ materially from future 
results expressed or implied by such forward-looking information. Important 
factors that could cause actual results to differ materially from UEX's 
expectations include uncertainties relating to interpretation of drill results 
and geology, additional drilling results, continuity and grade of deposits, 
participation in joint ventures, reliance on other companies as operators, 
public acceptance of uranium as an energy source, fluctuations in uranium 
prices and currency exchange rates, changes in environmental and other laws 
affecting uranium exploration and mining, and other risks and uncertainties 
disclosed in UEX's Annual Information Form and other filings with the 
applicable Canadian securities commissions on SEDAR. Many of these factors are 
beyond the control of UEX. Consequently, all forward-looking information 
contained in this news release is qualified by this cautionary statement and 
there can be no assurance that actual results or developments anticipated by 
UEX will be realized. For the reasons set forth above, investors should not 
place undue reliance on such forward-looking information. Except as required 
by applicable law, UEX disclaims any intention or obligation to update or 
revise forward-looking information, whether as a result of new information, 
future events or otherwise.

Cautionary Note to United States Investors

This news release has been prepared in accordance with the requirements of the 
securities laws in effect in Canada, which differ from the requirements of 
U.S. securities laws. Unless otherwise indicated, all resource estimates 
included in this press release have been prepared in accordance with National 
Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") 
and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition 
Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule 
developed by the Canadian Securities Administrators which establishes 
standards for all public disclosure an issuer makes of scientific and 
technical information concerning mineral projects. Canadian standards, 
including NI 43-101, differ significantly from the requirements of the United 
States Securities and Exchange Commission ("SEC"), and resource information 
contained herein may not be comparable to similar information disclosed by 
U.S. companies. In particular, and without limiting the generality of the 
foregoing, the term "resource" does not equate to the term "reserves". Under 
U.S. standards, mineralization may not be classified as a "reserve" unless the 
determination has been made that the mineralization could be economically and 
legally produced or extracted at the time the reserve determination is made. 
The SEC's disclosure standards normally do not permit the inclusion of 
information concerning "measured mineral resources", "indicated mineral 
resources" or "inferred mineral resources" or other descriptions of the amount 
of mineralization in mineral deposits that do not constitute "reserves" by 
U.S. standards in documents filed with the SEC. Investors are cautioned not to 
assume that any part or all of mineral deposits in these categories will ever 
be converted into reserves. U.S. investors should also understand that 
"inferred mineral resources" have a great amount of uncertainty as to their 
existence and great uncertainty as to their economic and legal feasibility. It 
cannot be assumed that all or any part of an "inferred mineral resource" will 
ever be upgraded to a higher category. Under Canadian rules, estimated 
"inferred mineral resources" may not form the basis of feasibility or 
pre-feasibility studies except in rare cases. Investors are cautioned not to 
assume that all or any part of an "inferred mineral resource" exists or is 
economically or legally mineable. Disclosure of "contained pounds" in a 
resource is permitted disclosure under Canadian regulations; however, the SEC 
normally only permits issuers to report mineralization that does not 
constitute "reserves" by SEC standards as in-place tonnage and grade without 
reference to unit measures. Accordingly, information concerning mineral 
deposits set forth herein may not be comparable with information made public 
by companies that report in accordance with U.S. standards.

SOURCE  UEX Corporation 
Graham C. Thody President & CEO (604) 669-2349 
To view this news release in HTML formatting, please use the following URL: 
CO: UEX Corporation
ST: British Columbia
NI: MNG 2575 WNEWS  
-0- Dec/19/2013 14:25 GMT
Press spacebar to pause and continue. Press esc to stop.