UEX Added to S&P/TSX Global Mining Index

Trading Symbol: UEX-TSX

VANCOUVER, Dec. 14 /CNW/ - UEX Corporation ("UEX") is pleased to announce that it has been added to the S&P/TSX Global Mining Index effective at the market open on Monday, December 20, 2010.

The S&P/TSX Global Mining Index provides investors with a broadly representative benchmark for global mining portfolios and a basis for innovative, index-linked investment vehicles. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index. Eligibility criteria for this index include certain levels of market capitalization and liquidity.

About UEX
UEX is a Canadian uranium exploration and development company with properties in the Athabasca Basin of northern Saskatchewan. UEX continues to be a leader in Canadian uranium exploration, and is advancing its portfolio of uranium deposits and discoveries through the development stage to the production stage. UEX is actively involved in 18 uranium projects located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 20% of global primary uranium production. The Company is focusing its efforts on two advanced projects: the 100%-owned Hidden Bay Project including the Horseshoe, Raven and West Bear deposits in the eastern Athabasca Basin; and the Kianna, Anne, Colette and 58B deposits within the 49%-owned Shea Creek Project, a joint venture with AREVA Resources Canada Inc. in the western Athabasca Basin.

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 outlook for our future operations, plans and timing for exploration activities, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", 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 are 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, 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.

For further information:

Graham C. Thody
President & CEO
[phone]