EFR Energy Fuels Inc

Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") today announced
the successful completion of two sales of U3O8 ("yellowcake") totaling
approximately 200,000 lbs. during the month of July at an average price of
US$62.18 per lb. U3O8. The sales were completed under two long term uranium
contracts which were transferred to Energy Fuels upon the June 29th completion
of the purchase of the U.S. uranium assets and operations formerly held by
Denison Mines Corp. 


"With the completion of these shipments, Energy Fuels has become a uranium
supplier and the largest active conventional uranium producer in the United
States," commented Stephen Antony, President and CEO. "We have an experienced
operations team in place and the successful completion of these yellowcake
shipments demonstrates our ability to produce and deliver product, and realize
positive cash flow from operations. Achieving this important milestone
demonstrates the significant progress we have made in integrating assets and
personnel and in building a new Energy Fuels." 


About Energy Fuels: Energy Fuels is America's largest conventional uranium and
vanadium producer, supplying nearly a third of the uranium produced in the U.S.
The company operates the White Mesa Mill, which is the only conventional uranium
mill currently operating in the U.S., capable of processing 2,000 tons per day
of uranium ore. Energy Fuels has projects located throughout the Western U.S.,
including producing mines in Arizona and Utah and permitted mines in Wyoming and
Colorado.


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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