EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") has learned of
several news stories that have been published recently about our Pinon Ridge
Uranium and Vanadium Mill, proposed for Western Colorado. The Company wishes to
clarify the facts and address any misleading statements in the media.


The NRC recently sent two letters inquiring into the State of Colorado's public
hearing process for the licensing of uranium mills. The NRC indicated that
Colorado's laws and regulations may not be consistent with federal procedures as
it relates to public involvement. Colorado and the Company vigorously dispute
this contention. In addition, the NRC mistakenly indicates that Colorado has
agreed to hold another public hearing on the matter. Colorado has not agreed to
any such course of action.


Colorado is an "Agreement State" whereby the sole authority for the licensing of
uranium mills was granted to the state by the NRC itself, and continues to
reside with Colorado. The NRC has no jurisdiction or authority to issue, amend,
or revoke mill licenses in Colorado, including the license for Pinon Ridge. The
NRC's primary remedy is to work with Colorado to correct any perceived
deficiencies in Colorado's laws and regulations. While the Company and Colorado
dispute that any deficiencies exist, these corrections would only apply to
future radioactive materials licenses issued by Colorado, and not past actions
like the approval of the Pinon Ridge Mill.


According to an article in the Telluride Watch, NRC spokesman David McIntyre
"dismissed concerns that the NRC might intervene in the mill's approval process
and 'take over' ...." McIntyre continued, "(w)e don't intend to intervene or
overturn (the) decision."


In conclusion, very little has actually changed on the licensing of the Pinon
Ridge Mill. The license remains in full force and effect. The State of Colorado
and Energy Fuels continue to vigorously defend the license in State District
Court.


About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company. The Company recently acquired Titan Uranium Inc., including
the Sheep Mountain Project in the Crooks Gap District of Wyoming. The Company
also received a Final Radioactive Materials License from the State of Colorado
for the proposed Pinon Ridge Uranium and Vanadium Mill in March 2011. The mill
will be the first uranium mill constructed in the United States in over 30
years.


With about 61,000 acres of highly prospective uranium and vanadium properties
located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and
exploration properties in Saskatchewan's Athabasca Basin totaling approximately
32,000 additional acres, the Company has a full pipeline of additional
development prospects. Energy


Fuels, through its wholly-owned subsidiaries, Energy Fuels Resources
Corporation, Titan Uranium Inc., and Magnum Uranium Corp., has assembled this
property portfolio along with a first class management team, including highly
skilled technical mining and milling professionals based in Lakewood and
Naturita, Colorado and Kanab, Utah.


This news release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended and "Forward Looking Information" within the meaning of applicable
Canadian securities legislation. All statements, other than statements of
historical fact, included herein are forward-looking statements and
forward-looking information that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time-to- time with the British Columbia, Alberta and
Ontario Securities Commissions.

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