EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is pleased to
announce that the Town of Telluride and San Miguel County have agreed to a
settlement with the Company in the Pinon Ridge Mill (the "Mill") license
challenge. The other parties to the challenge, including Sheep Mountain Alliance
and a private individual, were not parties to the settlement.


The settlement between Energy Fuels, Telluride and San Miguel County includes
provisions related to transportation, the financial surety, and protection of
area watersheds. Energy Fuels' obligations under the settlement agreement will
not be triggered until operations begin at the Mill. 


Stephen P. Antony, President and CEO of Energy Fuels stated: "We are extremely
happy to have reached an agreement with the Town of Telluride and San Miguel
County. We think this agreement demonstrates that Energy Fuels is willing to
address the reasonable concerns of stakeholders as we continue to work toward
the reissuance of the license."


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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