Monday, November 10, 2008

U.S. Energy Corp. to Host Conference Call to Discuss Third Quarter 2008 Operational Results and Corporate Update

RIVERTON, Wyo., Nov 10, 2008 (GlobeNewswire via COMTEX) -- U.S. Energy Corp. ("USE") (USEG) today announced it has released its financial results for the three and nine months ended September 30, 2008, in a form 10-Q filing with the SEC. The Company has also scheduled a conference call to update shareholders and analysts on the Company's second quarter operational progress and corporate update.

Third Quarter Operations and Corporate Update Conference Call

When: Thursday, November 13th at 12:00 PM ET (10:00 AM Mountain).

Dial-In Number: (877) 627-6581 (within U.S. and Canada), (719)
325-4904 (International).

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

ID Number: 6715458. The replay will be available starting at
approximately 3:00 PM ET (1:00 PM MT) and will be available for
3 days through Midnight, Sunday, November 16th.

Webcast: Investors are also invited to listen to a live and/or
archived webcast of U.S. Energy Corp.'s quarterly conference call at 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 molybdenum, oil and gas, and real estate. The Company is headquartered in Riverton, Wyoming and its common stock is listed on The NASDAQ Capital Market under the symbol "USEG."

Disclosure Regarding Mineral Resources Under SEC and Canadian Regulations; and Forward-Looking Statements

The Company owns or may come to own stock in companies which are traded on foreign exchanges, and may have agreements with some of these companies to acquire and/or develop the Company's mineral properties. An example is Sutter Gold Mining Inc. These other companies are subject to the reporting requirements of other jurisdictions.

United States residents are cautioned that some of the information available about our mineral properties, which is reported by the other companies in foreign jurisdictions, may be materially different from what the Company is permitted to disclose in the United States.

This news release includes statements which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital, competitive factors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.

For further information on the differences between the reporting limitations of the United States, compared to reports filed in foreign jurisdictions, and also concerning forward-looking statements, please see the Company's Form 10-K ("Disclosure Regarding Forward-Looking Statements"; "Disclosure Regarding Mineral Resources under SEC and Canadian Regulation"; and "Risk Factors"); and similar disclosures in the Company's Forms 10-Q.

This news release was distributed by GlobeNewswire,

SOURCE: U.S. Energy Corp.
U.S. Energy Corp.
Reggie Larsen, Director of Investor Relations
(800) 776-9271

The Equicom Group
Investor Relations
Nick Hurst
(403) 538-4845

(C) Copyright 2008 GlobeNewswire, Inc. All rights reserved.

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