EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR)(OTCQX:EFRFF) ("Energy Fuels" or the "Company") is
pleased to announce that at a special meeting held on October 30, 2013,
shareholders of Energy Fuels authorized an amendment to the Company's articles
to consolidate the issued and outstanding shares of the Company on the basis of
one (1) post-consolidated common share for up to fifty (50) issued and
outstanding common shares (the "Consolidation"). Of the votes cast at the Energy
Fuels shareholders' meeting, 93.4% were in favour of the Consolidation. 


At a meeting of the Board of Directors of Energy Fuels following the special
meeting of shareholders, the Board of Directors determined the share
consolidation ratio to be fifty (50) pre-consolidation common shares for one (1)
post-consolidated common share. The Board of Directors also authorized the
filing of the articles of amendment with respect to the Consolidation with an
effective date of November 5, 2013. It is anticipated that the common shares of
Energy Fuels will begin trading on the Toronto Stock Exchange on a
post-consolidated basis on November 5, 2013. 


The Consolidation is an important step in facilitating a listing of Energy
Fuels' common shares on a recognized United States stock exchange. The Company
expects to pursue such a listing in order to gain better access to US
institutional and retail investors, increase trading liquidity, decrease
shareholder transaction costs, decrease share price volatility, and highlight
the Company's strategic position within the United States. The Company also
believes that the Consolidation will enlarge Energy Fuels' potential investor
base by positioning its common shares in the best possible manner to attract
interest from a broader investor audience in the United States, Canada and other
jurisdictions. 


Further details of the Consolidation are set out in Energy Fuels' management
information circular dated September 24, 2013, which is available under Energy
Fuels' profile on www.sedar.com. 


About Energy Fuels 

Energy Fuels is currently America's largest conventional uranium producer,
supplying approximately 25% of the uranium produced in the U.S. 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. The Company's common shares are listed on the
Toronto Stock Exchange under the trading symbol "EFR".


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain "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, herein are 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 review 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 H. Moore
Investor Relations
(303) 974-2140 or Toll free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com

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