EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company"), an advanced
uranium and vanadium development company announced today that the Company has
acquired a mining lease (the Calliham lease) consisting of approximately 320
acres in San Juan County, Utah, from Nuvemco, LLC for consideration of 1,064,895
shares of Energy Fuels common stock. There is a historical mineral resource
estimate on the property of 520,000 lbs. U3O8 and 3.5 million lbs. V2O5 based on
drilling done by Atlas Minerals and Umetco Minerals in the late 1970s and 1980s
(which pre-dates the adoption of NI 43-101). These drilling results were
documented by Umetco Minerals Corp. (successor to Union Carbide Corp.) in a
report prepared in 1991 and in the Company's possession. In the opinion of
Energy Fuels' geologists, these estimates are relevant because of the proximity
of the property to the Company's proposed Pinon Ridge Mill and very reliable,
given that Umetco was a highly professional and successful producer in the
region, actually producing from the Calliham Mine for several years.


Steve Antony, President and CEO of Energy Fuels commented, "We continue to make
significant progress on the consolidation of uranium assets in the region. In
the last four months we have acquired five property packages, all of which have
been accretive to our total uranium assets and all within economic trucking
distance of our mill site." 


This property borders the 94 contiguous mining claims (1,942 acres) and a 733
acre Utah State Mineral Lease recently acquired by our Colorado Plateau Partners
Joint Venture (CPP) in the Sage Plain area of Utah and Colorado at the south end
of the Uravan Mineral Belt. The block of properties are about 70 highway miles
from Energy Fuels' proposed Pinon Ridge Mill, which was licensed January 5,
2011.


Participation in this property will be offered to Royal Resources Limited
(Royal) under the terms of the Colorado Plateau Partners (CPP) joint venture
agreement with Energy Fuels. At Royal's option, the property may be assigned to
CPP, with Royal paying 1/2 the cost of the property. However, the full resource
ultimately defined on the property will provide assured mill feed for the Pinon
Ridge Mill regardless of Royal's participation, under the terms of the joint
venture agreement.


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


About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company actively rehabilitating and developing formerly producing
mines. With more than 38,000 acres of highly prospective uranium and vanadium
property located in the states of Colorado, Utah, Arizona, Wyoming, and New
Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling
approximately 32,000 additional acres, the Company has a full pipeline of
additional development prospects. Energy Fuels, through its wholly-owned
Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia
subsidiary, Magnum Uranium Corp., has assembled this property portfolio along
with a first class management team, including highly skilled technical mining
and milling professionals based in Lakewood and Naturita, 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.

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