EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") announced today
that the United States Environmental Protection Agency ("EPA") approved
construction of the tailings impoundment and evaporation pond facilities for the
Pinon Ridge Uranium and Vanadium Mill ("Mill"). These facilities will manage the
tailings and wastewater produced by the Mill. Radon emissions from uranium
tailings and wastewater are regulated by the EPA under the National Emissions
Standards for Hazardous Air Pollutants (or "NESHAPs"). This is the only EPA
approval required to construct and operate the Pinon Ridge Mill and follows
Energy Fuels' receipt of a Radioactive Materials License for the Mill from the
State of Colorado in March of 2011. Permitting of the Mill is nearing completion
with only the construction permit from the Colorado Air Pollution Control
Division (APCD) for non-radioactive air emissions, still awaiting approval. This
permit is in an advanced stage of review by the APCD.


"With the EPA approval, the permitting and environmental risk to our project is
now behind us," said Stephen P. Antony, President and CEO of Energy Fuels. "This
is significant for Energy Fuels and the domestic uranium industry, as it is the
first EPA approval of a conventional mill tailings facility since the NESHAP
regulations were revised. Achieving this milestone brings Energy Fuels one big
step closer to production of American uranium and vanadium."


The EPA's decision this week is the latest government approval issued to Energy
Fuels, and further confirms the quality of the work done by the Company in
designing its facilities and its commitment to the environment. On August 4,
2011, Energy Fuels received the required NESHAPs construction approval from the
EPA for the Whirlwind Mine's ventilation system. A similar approval was received
for the Energy Queen Mine from the State of Utah Division of Air Quality on July
14, 2011. On September 26, 2011, the Company announced that it had entered into
a legal settlement that clears the way for securing the water rights needed for
Mill operations.


The Pinon Ridge Mill will be located in the heart of the Uravan Mineral Belt,
historically the most significant uranium and vanadium producing region in the
United States. There is currently only one other uranium and vanadium processing
facility operating in the United States. Energy Fuels has two fully-permitted,
production-ready mines in the area (the Whirlwind and Energy Queen), and is
acquiring, permitting, and rehabilitating additional mines in the region with
significant remaining uranium and vanadium resources.


About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company. The Company received a Final Radioactive Materials License
from the State of Colorado for the proposed Pinon Ridge Uranium and Vanadium
Mill in March 2011. The Mill will be the first uranium mill constructed in the
United States in over 30 years.


With more than 45,000 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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