EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is pleased to
announce the appointment of Mr. Graham Moylan as the Company's Chief Financial
Officer effective September 1, 2012. Mr. Moylan is an experienced finance
professional and brings to Energy Fuels over 11 years of combined experience
across mining, capital markets, finance and accounting in both Canada and the
United States. 


Most recently, Mr. Moylan was a Director with Dundee Capital Markets' investment
banking group where he worked for the past 7 years. Mr. Moylan is a licensed
Certified Public Accountant (Colorado) and has Honours Bachelor of Arts and
Master of Management and Professional Accounting degrees from the University of
Toronto.


Mr. Jeffrey Vigil, the Company's current CFO, will assume the role of Sr. Vice
President, Controller and Chief Accounting Officer.


Steve Antony, President and CEO of Energy Fuels said, "We are very pleased that
Graham will be joining Energy Fuels as CFO. His capital markets knowledge and
experience will strengthen our management team. Graham will contribute
significantly to our financial management skill set as Energy Fuels establishes
itself as the major uranium and vanadium producer in the U.S. Graham has been a
leading and very successful investment banker within the uranium sector having
been key in closing numerous financing and M&A transactions. Graham is well
known to the Energy Fuels team having served as our primary investment banker
over the past couple of years."


Steve continued, "I would also like to thank Jeff Vigil for his contributions as
CFO. Jeff played a very important role in the growth and development of Energy
Fuels and I am pleased that we will continue to benefit from his experience and
knowledge as he assumes his new role."


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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