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 *
Dyck Arnold Jacob
   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)
504-230 SASKATCHEWAN CRESCENT EAST		 3. Date of Earliest Transaction (Month/Day/Year)
03/03/2010
(Street)

SASKATOON, A9 S7N0K6		 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 $ 1.96 03/03/2010   J     150,000 05/23/2006 05/23/2011 Common Shares 150,000 $ 1.96 142,500 D  
Common share options $ 3.2 03/03/2010   J     45,000 01/26/2007 01/26/2012 Common shares 45,000 $ 3.2 97,500 D  
Common share options $ 2.64 03/03/2010   J     35,000 01/07/2008 01/07/2013 Common Shares 35,000 $ 2.64 62,500 D  
Common Share options $ 0.65 03/03/2010   J     37,500 01/05/2009 01/05/2014 Common shres 37,500 $ 0.65 25,000 D  
Common share options $ 0.65 03/03/2010   J   37,500   01/05/2009 01/05/2019 Common shares 37,500 $ 0.65 62,500 D  
Common share options $ 2.64 03/03/2010   J   35,000   01/07/2008 01/07/2018 Common shares 35,000 $ 2.64 97,500 D  
Common share options $ 3.2 03/03/2010   J   45,000   01/26/2007 01/26/2017 Common shares 45,000 $ 3.2 142,500 D  
Common share options $ 1.96 03/03/2010   J   150,000   05/23/2006 05/23/2016 Common shares 150,000 $ 1.96 292,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Dyck Arnold Jacob
504-230 SASKATCHEWAN CRESCENT EAST
SASKATOON, A9 S7N0K6		   X      

Signatures

 Arnold Dyck   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 period of Mr. Dyck's outstanding options was extended to a period of ten years from the date of the original grant date; all other terms remain unchanged. This has been reported as a cancellation of the original grants and new grants with the extended term.

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