EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR)(OTCQX:EFRFF) ("Energy Fuels" or the "Company") is
pleased to announce that today the Company's common shares began trading in the
United States on the OTCQX under the symbol "EFRFF". Energy Fuels will continue
to trade on the Toronto Stock Exchange under its existing symbol "EFR".


Energy Fuels' shares will be traded on OTCQX International, a segment of the
marketplace reserved for high-quality non-U.S. companies that are listed on an
international exchange and provide their home country disclosure to U.S.
investors. U.S. investors will find current financial disclosures and Real-Time
Level-2 quotes for Energy Fuels on www.otcmarkets.com. 


Energy Fuels is currently a leading uranium producer in the U.S. Based on the
Company's outlook for FY-2013, Energy Fuels' 1.2 million lbs. of production is
expected to account for over 25% of domestic U.S. uranium production. Energy
Fuels is also among the largest holders of NI 43-101 compliant uranium resources
in the U.S., which is strategic since the United States is the World's largest
consumer of nuclear power, yet imports over 90% of the uranium used in its
nuclear reactors. 


The Company's uranium production and development assets in the western U.S.
include the following:




--  The White Mesa Mill in Blanding, Utah, the only operating conventional
    uranium mill in the U.S.  
--  Two producing mines in the Arizona Strip District of northern Arizona,
    which contains the highest-grade uranium deposits in the United States. 
--  Five permitted and developed mines on standby in Colorado and Utah,
    which could restart production on a relatively short timeframe when
    market conditions warrant (within 6 to 18 months, depending on the
    project). 
--  Eighteen additional development projects in Arizona, Utah, Wyoming, and
    Colorado that have the potential to provide the Company with a pipeline
    of future uranium production. 
--  Additional revenues from vanadium produced in Colorado Plateau mines
    (1.5 million lbs. of sales expected in FY-2013), the processing of low-
    cost alternate feed materials, and toll milling and ore purchase
    agreements with 3rd party miners. 



The recently announced proposed acquisition of Strathmore Minerals will improve
the Company's future production profile even further, as the combined company
will have a dominant position in the most important uranium districts in the
U.S. and three large-scale development projects in Wyoming, New Mexico, and
Utah. 


According to Stephen P. Antony, President and CEO of Energy Fuels, "Trading on
the OTCQX will benefit Energy Fuels by increasing investor awareness of the
company in the U.S. and helping us connect with a broader audience. I believe
our Company owns an unmatched portfolio of highly strategic assets whose
strategic value will only grow over time, particularly as the HEU agreement
between the U.S. and Russia expires later this year, removing up to 24 million
pounds of annual uranium supply from the U.S. I believe Energy Fuels' current
production profile, production growth potential, term supply contracts with
major utilities at premium prices, and robust pipeline of standby and
development projects uniquely position Energy Fuels within the U.S. and the
global uranium sector as a whole." 


Sichenzia Ross Friedman Ference LLP will serve as Energy Fuels' Principal
American Liaison "PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements and U.S. securities laws.


About Energy Fuels: Energy Fuels is America's largest conventional uranium
producer, supplying approximately 25% of the uranium produced in the U.S. The
Company is also a significant producer of vanadium. Energy Fuels operates the
White Mesa Mill, which is the only conventional uranium mill currently operating
in the U.S. The mill is 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, which may include, but is not limited to,
statements with respect to the future financial or operating performance of the
Company and its projects. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects"
"does not expect", "is expected", "is likely", "budget" "scheduled",
"estimates", "forecasts", "intends", "anticipates", "does not anticipate", or
"believes", or variations of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur", "be achieved" or "have the potential to". All statements, other than
statements of historical fact, included herein are generally considered to be
forward-looking statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements express or implied by the
forward-looking statements. Factors that could cause actual results to differ
materially from those anticipated in these forward-looking statements are
described under the caption "Risk Factors" in the Company's Annual Information
Form dated December 20, 2012, which is available for view on the System for
Electronic Document Analysis and Retrieval at www.sedar.com. Forward-looking
statements contained herein are made as of the date of this news release and the
Company disclaims, other than as required by law, any obligation to update any
forward-looking statements whether as a result of new information, results,
future events, circumstances, or if management's estimates or opinions should
change, or otherwise. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking statements. 


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

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