EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) "Energy Fuels" or "the Company" recently announced
that it has more than doubled its NI 43-101 compliant resource base in Colorado
and Utah. We would also like to provide an update on the significant work that
has been underway and completed at the Company's Whirlwind Mine project near
Gateway, Colorado. In addition to recent activity expanding its resource
pipeline through property acquisition and exploration activity, the Company
continues its commitment to the production of U3O8 (yellowcake) as our primary
strategic initiative.


Energy Fuels has filed its Mine Permit Applications for the Whirlwind Mine
(which includes the adjacent Packrat works). These permits, when approved, will
grant the company authority to proceed with mine operations at the design rate
of 200 tons per day. We anticipate receiving all required permits before the end
of 2007.


Further work at Whirlwind under the Company's earlier approved permits has been
advancing. Under these permits the company is authorized to mine and stockpile
up to 2,000 tons of mineralized material at the site for the purpose of
evaluating mining techniques and to provide bulk samples for metallurgical
testing and mill flow-sheet development. Specific work projects completed at the
Whirlwind site include:


- Ventilation was established to re-open access to the deposit through the
Whirlwind decline


- All arched steel sets have been inspected and repaired as required. Broken and
bowed timbers between the arched sets have been replaced. 2700' of the decline
is in final condition ready for sample extraction.


- Rock bolting from the end of the decline into the mineralized deposit is
proceeding on schedule with 500' of drift completed in late July.


- The Whirlwind surface electrical system has been thoroughly evaluated and
upgraded to meet Mine Safety and Health Administration requirements


- The main portal into the "Packrat" works at Whirlwind has been reopened and
additional U3O8 mineralization, not included in the NI 43-101 compliant
resources for the property, has been visually identified


- The Packrat underground shop has been opened and clean up is underway

- The Packrat pad area is established to prospecting permit standards

- The access road to the Packrat portal has been re-established

- A 20,000 foot drilling program has been initiated in Colorado to further
define the deposit, verify historic results, and provide stratigraphic data for
detailed mine planning.


The next steps for the Whirlwind project, specifically in the Packrat works,
include establishing ventilation, initiating roof support, and drift widening,
along with further confirmation of the additional resource that has been
visually identified in the Packrat.


Energy Fuels is moving into a phase of development that will call for more
routine updating of the status at our projects. We look forward to keeping you
abreast of our progress through future news releases.


Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument
43-101 has reviewed and approved the content of this press release.


Energy Fuels also confirms that the Company's working capital and excess cash
have no exposure to the recent global credit crisis. Our cash and
cash-equivalent investments are short-term commercial paper obligations backed
by the credit worthiness of the issuing institutions, not by underlying assets.
Each of the five separate commercial paper issues currently held by Energy Fuels
has an Investment Grade rating of R1 or better. Funds will continue to be
invested with the foremost objective of maintaining safety of principal and
providing adequate liquidity to meet current payment obligations and future
planned capital expenditures.


Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral exploration
and development company with more than 40,000 acres of highly prospective
uranium and vanadium property located in the States of Colorado, Utah and
Arizona. The Company, through its wholly-owned Colorado subsidiary, Energy Fuels
Resources Corporation, has assembled this property portfolio along with a first
class management team, including highly skilled technical mining and milling
professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.


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.


George E.L. Glasier, President & CEO

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