URANIUM ENERGY CORP | 2013 | FY | 3


                Weighted Average  
    Number of     Weighted Average     Remaining Contractual  
    Warrants     Exercise Price     Term (Years)  
Balance, July 31, 2010   5,231,886   $ 2.90     1.41  
 Issued   4,055,659     3.95     1.00  
 Exercised   (3,163,756 )   2.51     0.18  
 Expired   (1,774,806 )   3.10     -  
Balance, July 31, 2011   4,348,983     3.57     0.79  
 Issued   1,276,280     9.36     0.75  
 Exercised   (112,451 )   3.16     1.32  
 Expired   (3,954,000 )   4.90     -  
Balance, July 31, 2012   1,558,812     4.95     1.45  
 Issued   2,600,000     2.50     3.00  
 Expired   (1,008,812 )   7.06     -  
Balance, July 31, 2013   3,150,000   $ 2.25     2.90  

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