May 7, 2010

U.S. Energy Corp. Schedules First-Quarter 2010 Financial Results Conference Call/Webcast

RIVERTON, Wyo., May 7, 2010 (GlobeNewswire via COMTEX News Network) -- U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today reported that it has scheduled a conference call to review and discuss first quarter 2010 highlights and financial results.

The Company plans on issuing a press release to report selected highlights and financial results after filing its first quarter 10-Q on Monday, May 10, 2010.

Conference Call

                   First Quarter Conference Call Information:

  When: Monday, May 10th at 10:00 AM MDT (12:00 PM Eastern, 11:00 AM Central,
  9:00 AM Pacific).

  Dial-In Number: (888) 427-9421 (within U.S. and Canada), (719) 325-2177
  (International).

  Replay Number: (888) 203-1112 (within U.S. and Canada), (719) 457-0820
  (International).

  ID Number: 5114669. The replay will be available starting at approximately
   1:00 PM
  MDT (3:00 PM EDT) and will be available for 5 days through Midnight,
   Saturday, May 15th.

  Webcast: Investors are also invited to listen to a live and/or archived
   webcast of U.S.
  Energy Corp.'s quarterly conference call at
   http://investor.usnrg.com/events.cfm. The
  webcast replay will be available for one year.

About U.S. Energy Corp.

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

The U.S. Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5043

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: U.S. Energy Corp.

CONTACT:  U.S. Energy Corp.
Reggie Larsen, Director of Investor Relations
1-800-776-9271
Reggie@usnrg.com
The Equicom Group
Investor Relations
Nick Hurst
1-403-538-4845
nhurst@equicomgroup.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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