U.S. Energy Corp. to Ring NASDAQ Opening Bell On May 14, 2008


RIVERTON, Wyo., May 13, 2008 (PRIME NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that its Chairman and Chief Executive Officer, Keith Larsen, will ring the NASDAQ Stock Market Opening Bell on Wednesday, May 14, 2008.

Mr. Larsen will be joined at the opening bell ceremony by President Mark Larsen and other U.S. Energy Corp. executives.

"It is a pleasure and an honor to mark our Company's 33rd year as a NASDAQ Listed company by ringing the opening bell at the NASDAQ MarketSite," stated Mr. Larsen. "This ceremony follows the most profitable year in U.S. Energy Corp.'s history in 2007, when we sold our uranium properties for over $100 million, plus future cash payments of up to $40 million. We are now primarily focused upon the advancement and development of our 'world-class' Lucky Jack molybdenum deposit in Colorado, the expansion of our participation in oil and gas exploration projects, and the pursuit of opportunities in renewable energy. I am delighted to share the podium on May 14th with other members of our executive management team and long-time supporters of our Company."

The NASDAQ opening bell ceremony will be aired live at 9:30 a.m. Eastern Time at http://www.nasdaq.com/reference/marketsite_about.stm and on NASDAQ's MarketSite Tower at 43rd and Broadway in New York City. Investors interested in viewing the ceremony should log on to the above website approximately 10 minutes prior to 9:30 a.m. EDT.

About U.S. Energy Corp.

U.S. Energy Corp. is a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate. The Company is headquartered in Riverton, Wyoming, and its common stock is listed on The NASDAQ Capital Market under the symbol "USEG".

Disclosure Regarding Mineral Resources Under SEC and Canadian Regulations; and Forward-Looking Statements

The Company owns or may come to own stock in companies which are traded on foreign exchanges, and may have agreements with some of these companies to acquire and/or develop the Company's mineral properties. An example is Sutter Gold Mining Inc. These other companies are subject to the reporting requirements of other jurisdictions.

United States residents are cautioned that some of the information available about our mineral properties, which is reported by the other companies in foreign jurisdictions, may be materially different from what the Company is permitted to disclose in the United States.

This news release includes statements which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital, competitive factors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.

For further information on the differences between the reporting limitations of the United States, compared to reports filed in foreign jurisdictions, and also concerning forward-looking statements, please see the Company's Form 10-K ("Disclosure Regarding Forward-Looking Statements"; "Disclosure Regarding Mineral Resources under SEC and Canadian Regulation"; and "Risk Factors"); and similar disclosures in the Company's Forms 10-Q.



            

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