EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is pleased to
announce the closing of its acquisition of the interests of Aldershot Resources
Ltd. ("Aldershot") in the Sage Plain Project for US$750,000 in cash, the
cancellation of debt owed by Aldershot to Energy Fuels, and 3,527,570 shares of
Energy Fuels common stock.


In the transaction, Energy Fuels purchased Aldershot's membership interest in
Colorado Plateau Partners LLC ("CPP"), a 50/50 joint venture between Energy
Fuels and Aldershot. CPP holds a majority of the properties in the Sage Plain
Project Area including the Calliham lease, the Crain lease, four Utah State
leases and 94 unpatented mining claims on BLM land. As a result of the
acquisition, Energy Fuels now owns 100% of the Sage Plain Project, which is
located about 15-miles northeast of Monticello, Utah and about 54 road miles
from Energy Fuels' White Mesa Mill, the only conventional uranium and vanadium
processing facility operating in the U.S. The general location of the Sage Plain
Project is shown on the following link:
http://media3.marketwire.com/docs/823245_map.pdf. 


Permitting on the Sage Plain Project has been initiated, and the Company
anticipates receiving approvals for the project within the next 12-18 months. As
has been previously reported, the Sage Plain Project contains 642,971 tons of
measured and indicated resource at grades of 0.22% uranium (eU3O8) and 1.39%
vanadium (V2O5), or 2,833,795 lbs. uranium and 17,829,289 lbs. vanadium.


In addition, as a part of this transaction, Energy Fuels also acquired
Aldershot's interest in several prospective exploration properties in northern
Arizona.


Stephen P. Antony, P.E., President & CEO of Energy Fuels, is a Qualified Person
as defined by National Instrument 43-101 and has reviewed and approved the
technical disclosure contained in this document.


About Energy Fuels: Energy Fuels is America's largest conventional uranium and
vanadium producer, supplying nearly a third of the uranium produced in the U.S.
The company operates the White Mesa Mill, which is the only conventional uranium
mill currently operating in the U.S., capable of processing 2,000 tons per day
of uranium ore. Energy Fuels has projects located throughout the Western U.S.,
including producing mines and mineral properties in various stages of permitting
and development.


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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