EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company"), an advanced
uranium and vanadium exploration and development company, and Royal Resources
Limited (ASX:ROY) ("Royal"), its Perth, Australia based joint venture partner,
announced today that the Arizona Strip Partners LLC ("ASP") joint venture,
formed in May of 2008 by the companies, has completed two drill holes confirming
successful application of two geophysical exploration techniques to locate
breccia pipe targets in the Arizona Strip. 


Two methods were used to identify the targets. The first was the
Helicopter-borne Time Domain Electromagnetic Geophysical Survey with a VTEM-M
system. The second was a 3-D Seismic Survey. Both methods identified breccia
pipes for follow up drilling.


"Historic grades from breccia pipes in the region are very high, averaging 0.65%
U3O8 which has made exploration in the area attractive even with uranium prices
lower than today's +$55 spot price," commented Stephen Antony, President and CEO
of Energy Fuels. "We are very encouraged by the success we have had using these
advanced geophysical techniques in identifying breccia pipe targets. Discovering
these pipes is much like looking for a needle in a haystack, but we've taken
much of the guess work out of the equation with this technology."


Several breccia pipes were staked and prioritized for further exploration work.
Two drill holes to depths of 1,240 feet and 1,340 feet respectively have been
completed to date on one of the target pipes. The two drill holes clearly
confirmed the presence of a very large breccia pipe structure. Neither hole
intersected the pipe throat where uranium mineralization is most likely to
occur. The Company is currently evaluating information from drilling and the
surveys to determine additional drilling plans.


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. 


About Royal Resources:  Royal Resources Limited (ASX:ROY) is an active,
successful and well-funded explorer with an exploration focus on iron ore and
uranium projects in the two low sovereign risk nations of Australia and the USA.


Royal's flagship project is the Razorback iron ore project located in South
Australia. Razorback is potentially a large magnetite deposit with easy access
to existing and available rail and port infrastructure. Royal is initially
targeting 500 to 1,000 million tonnes of magnetite mineralization at grades of
25% to 65% Fe. On the August 25, 2010 Royal announced a JORC-compliant maiden
Inferred Resource of 277Mt at 25.9% Fe. Royal intends to fast track the deposit
to feasibility study and production once resource definition work is completed
and the proposed operation shown to be economically and technically viable.


Royal's uranium projects are located in the Northern Territory of Australia and
the Uravan Mineral Belt and the Arizona Strip in the USA's Colorado Plateau.
Exploration in the USA is undertaken under the auspices of two major joint
ventures, with the Arizona Strip area being assessed under a partnership with
Toronto Stock Exchange listed Energy Fuels, Inc.

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