CERTIFICATE OF QUALIFIED PERSON
Preliminary Economic Assessment
of the Lost Creek Property, Sweetwater County, Wyoming, February 29, 2012
I, Catherine L. Bull, of 10805
East Platte River Road, Evansville, Wyoming, USA, do hereby certify that:
| · | I am a Project Engineer for Ur-Energy
USA Inc. 5880 Enterprise Drive, Suite 200, Casper, Wyoming, USA. I have worked in this capacity for the company for three and
one-half years. |
| · | I graduated with a Bachelor of Science
degree in Mechanical Engineering in 2004 from the University of Wyoming in Laramie, Wyoming. |
| · | I graduated with a Master of Engineering
degree in Mechanical Engineering in 2008 from the University of Idaho in Moscow, Idaho. |
| · | I graduated with a Master of Business
Administration degree with a specialization in International Business in 2011 from the University of Nebraska in Lincoln, Nebraska. |
| · | I am a licensed Professional Engineer
in Mechanical Engineering (PE 12081) by the state of Wyoming as defined by the Wyoming State Board of Registration for Professional
Engineers and Professional Land Surveyors. |
| · | I have worked as an Engineer for more
than seven years and as a Professional Engineer (PE) for three years. All of my experience has been working in ISR mining, and
managing various projects and costs associated with them. |
| · | I am a member of the Society of Mining,
Metallurgy, and Exploration (SME) and hold the position of Section Chair for the Wyoming Section. |
| · | I have read the definition of “qualified
person’ set out in National Instrument (NI) 43-101 and certify by reason of my education, professional registration and relevant
work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. |
| · | My most recent visit to the Lost Creek
Property was on August 24, 2011 for a duration of three hours; no additional engineering work has been completed on-site since
that visit. Prior to that visit, I have been to the site numerous times and have supervised engineering work done for the site. |
| · | I am responsible for sections 1, 3, 16,
17, 18, 19, 20, 21, 22, 27 and 28 of this Lost Creek Preliminary Economic Assessment. |
| · | I am employed by Ur-Energy USA Inc. and
therefore am not independent of the issuer. |
| · | For the last three and one-half years,
I have been involved with the project engineering for the Lost Creek Property. |
| · | I have read and am responsible for the
NI 43-101 and sections 1, 3, 16, 17, 18, 19, 20, 21, 22, 27 and 28 of this Lost Creek Preliminary Economic Assessment have been
prepared in compliance with NI 43-101 and Form 43-101F. |
| · | As of the date of this Certificate, to
the best of my knowledge, information and belief, the Preliminary Economic Assessment contains all the scientific and technical
information that is required to be disclosed to make this Preliminary Economic Assessment an accurate and forthright description
of known site characteristics. |
Dated this 29th day of February, 2012
Signed and sealed
/s/ Catherine L. Bull, Professional Engineer Wyoming
PE-12081
Catherine L. Bull, Professional Engineer Wyoming PE-12081