EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) (OTCQX:EFRFF) ("Energy Fuels" or the "Company") is
pleased to announce that Korea Electric Power Corporation ("KEPCO") has signed
two support agreements supporting Energy Fuels' proposed acquisition of
Strathmore Minerals Corp. ("Strathmore") (TSX:STM) (OTCQX:STHJF). As was
previously announced on June 11, 2013, Energy Fuels and Strathmore have entered
into a definitive arrangement agreement whereby Energy Fuels will acquire all of
the issued and outstanding shares of Strathmore by way of a plan of arrangement
(the "Transaction"). The shareholders of Energy Fuels and Strathmore will be
asked to approve the Transaction at their special meetings to be held on August
13, 2013 and August 20, 2013, respectively.


KEPCO is the largest shareholder of both Energy Fuels and Strathmore, owning
8.5% and 11.7% of the common shares of each respective company. In addition, an
affiliate of KEPCO is Energy Fuels largest uranium customer based on expected
FY-2013 deliveries. KEPCO also has a right to enter into a joint venture with
Strathmore on the Gas Hills Project in central Wyoming. Energy Fuels expects to
evaluate potential synergies that might be realized by combining the Gas Hills
Project with the Company's Sheep Mountain Project, located only 28 miles away.
Potential synergies include opportunities for savings through co-development
capital and targeting a larger combined annual production profile in excess of
the 1.5 million lbs. per year currently outlined in the Sheep Mountain
Prefeasibility Study.


KEPCO is the largest electric utility in South Korea, involved in the
generation, transmission and distribution of electric power. KEPCO is
responsible for 93% of all of South Korea's electricity generation. In addition,
KEPCO operates and develops nuclear power projects in South Korea and worldwide.


As a result of signing the support agreements, KEPCO has irrevocably agreed to
vote their shares of both companies in favour of the Transaction. In addition,
each director and senior officer of both Energy Fuels and Strathmore have agreed
to vote in favour of the Transaction.


Assuming the acquisition is completed, KEPCO will hold approximately 9.1% of the
common shares of Energy Fuels. Upon completion of the Transaction, Energy Fuels
will appoint a director, nominated by KEPCO, to join the Company's board of
directors.


Stephen P. Antony, President and CEO of Energy Fuels stated: "We are very
pleased that KEPCO supports Energy Fuels' acquisition of Strathmore. KEPCO is
recognized as a world-leader in nuclear power development. We look forward to
expanding our relationship with this high-quality organization."


About Energy Fuels Inc.

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.


Additional information about Energy Fuels Inc. is available by visiting Energy
Fuels' website at www.energyfuels.com or under its profile on SEDAR at
www.sedar.com.


About Strathmore Minerals Corp.

Strathmore Minerals Corp. is a Canadian based resource company specializing in
the strategic acquisition, exploration and development of mineral properties in
the United States. Headquartered in Vancouver, British Columbia with a branch
administrative office in Kelowna, the company also has U.S. based Development
Offices in Riverton, Wyoming and Santa Fe, New Mexico.


Additional information about Strathmore Minerals Corp. is available by visiting
Strathmore's website at www.strathmoreminerals.com or under its profile on SEDAR
at www.sedar.com.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this news release, including any information
relating to the proposed Transaction between Energy Fuels and Strathmore, the
benefits and synergies of the Transaction, future opportunities for the combined
company and any other statements regarding Energy Fuels' and Strathmore's future
expectations, beliefs, goals or prospects constitute forward-looking information
within the meaning of applicable securities legislation (collectively,
"forward-looking statements"). All statements in this news release that are not
statements of historical fact (including statements containing the words
"expects", "does not expect", "plans", "anticipates", "does not anticipate",
"believes", "intends", "estimates", "estimates", "projects", "potential",
"scheduled", "forecast", "budget" and similar expressions) should be considered
forward-looking statements. All such forward-looking statements are subject to
important risk factors and uncertainties, many of which are beyond Energy Fuels'
and Strathmore's ability to control or predict. A number of important factors
could cause actual results or events to differ materially from those indicated
or implied by such forward-looking statements, including without limitation: the
parties' ability to consummate the Transaction; the conditions to the completion
of the Transaction, including the receipt of shareholder approval, court
approval or the regulatory approvals required for the Transaction may not be
obtained on the terms expected or on the anticipated schedule; the parties'
ability to meet expectations regarding the timing, completion and accounting and
tax treatments of the Transaction; the volatility of the international
marketplace; and other risk factors as described in Energy Fuels' and
Strathmore's most recent annual information forms and annual and quarterly
financial reports.


Energy Fuels and Strathmore assume no obligation to update the information in
this communication, except as otherwise required by law. Additional information
identifying risks and uncertainties is contained in Energy Fuels' and
Strathmore's respective filings with the various provincial securities
commissions which are available online at www.sedar.com. Forward-looking
statements are provided for the purpose of providing information about the
current expectations, beliefs and plans of the management of each of Energy
Fuels and Strathmore relating to the future. Readers are cautioned that such
statements may not be appropriate for other purposes. Readers are also cautioned
not to place undue reliance on these forward-looking statements, that speak only
as of the date hereof.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathmore Minerals Corp.
Craig Christy
Investor Relations
Toll free: 1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com


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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