EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company"), has been awarded
a Department of Energy (DOE) lease tract (SR-12) that was originally released
for bid by DOE in the May, 2008 lease sale. This 641 acre lease, in western San
Miguel County, Colorado (within the Uravan Mineral Belt), was originally won by
another bidder who subsequently dropped the lease. It is contiguous with other
properties held by Colorado Plateau Partners Joint Venture in which the Company
is partnered with Australian company Royal Resources.


Based on pre-bid public information provided by DOE in February of 2008, this
tract contains about 156,000 lbs. of historical U3O-8 resource (not currently NI
43-101 compliant). Historical production records from the area indicate a
historical V2O5 resource of about 1.5 million lbs. on the lease. The DOE data
comes from an estimate originally prepared by the Atomic Energy Commission (or
AEC, predecessor of the DOE), based on US Geological Survey and AEC drilling
conducted during 1951 - 1953. AEC/DOE do not apply resource categories or
qualifiers.


Additionally, Energy Fuels is pleased to obtain the consulting services of Mr.
Richard Cherry to support of the Company's consolidation strategy in the western
USA and product marketing effort. Mr. Cherry is a veteran nuclear industry
executive, having worked for leading companies in uranium mining, milling,
marketing, conversion, and power generation for over 35 years. During the period
2000-2006, Mr. Cherry was President and CEO of Cotter Corporation and Nuclear
Fuels Corporation, (both affiliates of General Atomics Corporation). He was
responsible for all aspects of Cotter's mining and milling operations during the
period when Cotter was actively mining and milling uranium and vanadium in the
US; and for Nuclear Fuels Corporation, he was responsible for worldwide uranium
marketing for all General Atomics' affiliates. During the period 1997-2000 Mr.
Cherry was Vice President of ConverDyn (a joint venture between Honeywell
International and General Atomics) providing US uranium conversion services to
large electrical utilities world-wide. Prior to joining General Atomics, Mr.
Cherry was involved in uranium trading for UG U.S.A. and nuclear fuel
procurement for the 1,166 MW Wolf Creek Nuclear Generating Station owned by
several Kansas utilities. Mr. Cherry holds an M.S. in Mechanical Engineering and
a B.S. in Engineering Physics.


"Stephen Antony, President and CEO of Energy Fuels commented, "As we move toward
the January decision on our Pinon Ridge Mill license, I am pleased to have the
expertise of an experienced uranium professional like Richard Cherry on our
team. Richard will be working closely with me on the consolidation strategy and
with Gary Steele, our Senior Vice President of Marketing, on securing long-term
contracts for our uranium products. We have seen the spot price for uranium
strengthen over recent months and securing forward looking contracts will help
us build on that momentum."


Stephen P. Antony, President and CEO, and a Qualified Person as defined by
National Instrument 43-101 has reviewed and approved the content of this press
release.


About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company actively rehabilitating and developing formerly producing
mines. With more than 38,000 acres of highly prospective uranium and vanadium
property 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
Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia
subsidiary, 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 Nucla, 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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