Energy Fuels Completes Upsized C$6.6 Million Bought Deal Private Placement

Energy Fuels Inc. (TSX:EFR) (the "Company") is pleased to announce the closing
of its previously announced bought deal private placement (the "Offering") of
units of the Company (the "Units") pursuant to an underwriting agreement with
Dundee Securities Ltd. (as sole bookrunner), Haywood Securities Inc. and Cantor
Fitzgerald Canada Corporation. A total of 47,380,791 Units were issued at a
price of C$0.14 per Unit for aggregate gross proceeds of C$6,633,310. Following
strong investor interest, the Offering was increased from the previously
announced maximum size of C$5,750,115. Each Unit consists of one common share of
the Company ("Common Share") and one-half of one common share purchase warrant
("Warrant"). Each whole Warrant entitles the holder thereof to acquire one
Common Share at a price of C$0.19 at any time until June 15, 2015. The Common
Shares and Warrants are subject to a four month statutory hold period that will
expire October 14, 2013. The Warrants will not be listed for trading.


The net proceeds of the Offering will be used for future exploration and
development expenditures, future potential mineral property acquisitions, and
for general corporate purposes.


About the Company 

The Company is America's largest conventional uranium producer, supplying
approximately 25% of the uranium produced in the U.S., and is also a significant
producer of vanadium. 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. The Company has projects located
throughout the Western U.S., including producing mines and mineral properties in
various stages of permitting and development. 


Additional information about the Company is available by visiting the Company's
website at www.energyfuels.com or under its profile on SEDAR at www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Energy Fuels Inc.
Curtis Moore
Investor Relations
(303) 974-2140 or Toll free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com

Energy Fuels (TSX:EFR)
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