FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * KIRCHNER GERHARD F   2. Issuer Name and Ticker or Trading Symbol URANERZ ENERGY CORP. [URZ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) PO BOX 196 3. Date of Earliest Transaction (Month/Day/Year) 03/03/2010 (Street) MONT NEBO, A9 S0J 1X0 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common share options

$ 0.75

03/03/2010

J

190,000

01/06/2006

01/06/2011

Common shares

190,000

$ 0.75

120,000

D

Common Share Options

$ 3.2

03/03/2010

J

60,000

01/26/2007

01/26/2012

Common Shares

60,000

$ 3.2

60,000

D

Common share options

$ 2.64

03/03/2010

J

35,000

01/07/2008

01/07/2013

Common Shares

35,000

$ 2.64

25,000

D

Common Share Options

$ 2.64

03/03/2010

J

35,000

01/07/2008

01/07/2018

Common shares

35,000

$ 2.64

60,000

D

Common share options

$ 3.2

03/03/2010

J

60,000

01/26/2007

01/26/2017

Common shares

60,000

$ 3.2

120,000

D

Common Share Optons

$ 0.75

03/03/2010

J

190,000

01/06/2006

01/06/2016

Common Shares

190,000

$ 0.75

310,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KIRCHNER GERHARD F PO BOX 196 MONT NEBO, A9 S0J 1X0	X

Signatures

Gerhard Kirchner		03/03/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Remarks: The term of all of Dr. Kirchner's previously granted outstanding options was extended to a period of ten years from the original grant date; all other terms remain unchanged. This has been reported as a cancellation of the original options and a grant of options with the extended expiry date and the original grant exercise price.

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