US ENERGY CORP

This Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and assumptions. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “target,” “project” and other similar expressions. Forward-looking statements in this Current Report include, without limitation, statements regarding the timing of the Commencement Date under the Helium Sales Agreement, the anticipated commencement of Plant operations and initial helium sales, expected Plant production volumes, the timing and scope of any future price redetermination or extension of the Helium Sales Agreement, the development of the Company's planned Big Sky Carbon Hub (including the timing, scope, processing capacity, and capital requirements of any Phase 2 expansion and the Company's ability to obtain additional financing for any such expansion), expected Section 45Q tax credit qualification, the timing and outcome of EPA Monitoring, Reporting, and Verification plan reviews, and the expected benefits to the Company of the Helium Sales Agreement. These forward-looking statements relate to the Company’s current expectations and are subject to the limitations and qualifications set forth in the press release furnished as Exhibit 99.1 as well as in the Company’s other filings with the Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements. These statements also involve known and unknown risks, which may cause the results of the Company, its divisions and concepts to be materially different than those expressed or implied in such statements. Accordingly, readers should not place undue reliance on any forward-looking statements. Forward-looking statements may include comments as to the Company’s beliefs and expectations as to future financial performance, events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the Company’s control. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Cautionary Statement Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, filed with the SEC and available at www.sec.gov and in the “Investors” – “SEC Filings” section of the Company’s website at https://usnrg.com. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as otherwise provided by law.