Ownership Submission
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 *
Brown Kurtis J
   2. Issuer Name and Ticker or Trading Symbol
URANERZ ENERGY CORP. [URZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior VP, Exploratioin
(Last)
(First)
(Middle)
C/O 1701 EAST "E" STREET		 3. Date of Earliest Transaction (Month/Day/Year)
03/03/2010
(Street)

CASPER, WY 82605		 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 $ 3.2 03/03/2010   J     15,000 01/26/2007 01/26/2012 Common shares 15,000 $ 3.2 320,000 D  
Common share options $ 3.45 03/03/2010   J     250,000 02/09/2007 02/09/2012 Common shares 250,000 $ 3.45 70,000 D  
Common share options $ 2.64 03/03/2010   J     25,000 01/07/2008 01/07/2013 Common shares 25,000 $ 2.64 45,000 D  
Common share options $ 0.65 03/03/2010   J     30,000 01/05/2009 01/05/2014 Common shares 30,000 $ 0.65 15,000 D  
Common shares $ 0.65 03/03/2010   J   30,000   01/05/2009 01/05/2019 Common shares 30,000 $ 0.65 45,000 D  
Common share options $ 2.64 03/03/2010   J   25,000   01/07/2008 01/07/2018 Common shares 25,000 $ 2.64 70,000 D  
Common share options $ 3.45 03/03/2010   J   250,000   02/09/2007 02/09/2017 Common shares 250,000 $ 3.45 320,000 D  
Common share options $ 3.2 03/03/2010   J   15,000   01/26/2007 01/26/2017 Common shares 15,000 $ 3.2 335,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Brown Kurtis J
C/O 1701 EAST "E" STREET
CASPER, WY 82605		       Senior VP, Exploratioin  

Signatures

 Kurtis Brown   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 expiry date of Mr. Brown's outstanding options was extended to a period ten years from the date of the original grant. This has been reported as a cancellation of the original grants and the grant of options with the terms thus extended and otherwise on the same terms as the original grants.

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