EFR Energy Fuels Inc

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES


Energy Fuels Inc. (TSX:EFR)(OTCQX:EFRFF) ("Energy Fuels" or the "Company") is
pleased to announce that at a special meeting held today, shareholders of Energy
Fuels overwhelmingly approved the previously announced acquisition of Strathmore
Minerals Corp. ("Strathmore") (TSX:STM)(OTCQX:STHJF). As was previously
announced on June 11, 2013, Energy Fuels and Strathmore have entered into a
definitive arrangement agreement whereby Energy Fuels will acquire all of the
issued and outstanding shares of Strathmore (the "Transaction") in exchange for
Energy Fuels Shares, by way of a plan of arrangement (the "Arrangement").
Details of the Transaction are set out in Energy Fuels' management information
circular dated July 15, 2012 (the "Circular"), which is available under Energy
Fuels' profile on www.sedar.com. 


Of the votes cast at the Energy Fuels shareholder meeting, 99.31% were in favour
of the Arrangement.


Completion of the Arrangement is subject to satisfaction of various conditions,
including the issuance of a final order approving the Arrangement by the Supreme
Court of British Columbia. The hearing in respect of such final order is
scheduled for August 21, 2013. The completion of the Transaction is also subject
to satisfaction of certain customary conditions, including but not limited to,
Strathmore shareholder approval and regulatory approval. Subject to satisfaction
of such conditions, the effective time and date of the Transaction is expected
to be at 11:59 (Eastern) on August 28, 2013.


In addition, the shareholders of Energy Fuels were asked to authorize a share
consolidation (the "Share Consolidation") as described in the Circular. Of the
votes cast at the Energy Fuels shareholder meeting, 98.34% were in favour of the
Share Consolidation. The Share Consolidation will be implemented at the
discretion of the Board of Directors of the Company, but will not be implemented
prior to completion of the Arrangement. 


About Energy Fuels Inc. 

Energy Fuels is America's largest conventional uranium producer, supplying
approximately 25% of the uranium produced in the U.S. The Company is also a
significant producer of vanadium. 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.


Additional information about Energy Fuels Inc. is available by visiting Energy
Fuels' website at www.energyfuels.com or under its profile on SEDAR at
www.sedar.com.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this news release, including any information
relating to the proposed Transaction between Energy Fuels and Strathmore, the
benefits and synergies of the Transaction, future opportunities for the combined
company and any other statements regarding Energy Fuels' future expectations,
beliefs, goals or prospects constitute forward-looking information within the
meaning of applicable securities legislation (collectively, "forward-looking
statements"). All statements in this news release that are not statements of
historical fact (including statements containing the words "expects", "does not
expect", "plans", "anticipates", "does not anticipate", "believes", "intends",
"estimates", "projects", "potential", "scheduled", "forecast", "budget" and
similar expressions) should be considered forward-looking statements. All such
forward-looking statements are subject to important risk factors and
uncertainties, many of which are beyond Energy Fuels' ability to control or
predict. A number of important factors could cause actual results or events to
differ materially from those indicated or implied by such forward-looking
statements, including without limitation: the parties' ability to consummate the
Transaction; the conditions to the completion of the Transaction, including the
receipt of shareholder approval, court approval or the regulatory approvals
required for the Transaction may not be obtained on the terms expected or on the
anticipated schedule; the parties' ability to meet expectations regarding the
timing, completion and accounting and tax treatments of the Transaction; the
volatility of the international marketplace; and other risk factors as described
in Energy Fuels' most recent annual information form and annual and quarterly
financial reports. 


Energy Fuels assumes no obligation to update the information in this
communication, except as otherwise required by law. Additional information
identifying risks and uncertainties is contained in Energy Fuels' filings with
the various provincial securities commissions which are available online at
www.sedar.com. Forward-looking statements are provided for the purpose of
providing information about the current expectations, beliefs and plans of the
management of Energy Fuels relating to the future. Readers are cautioned that
such statements may not be appropriate for other purposes. Readers are also
cautioned not to place undue reliance on these forward-looking statements, that
speak only as of the date hereof. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Energy Fuels Inc.
Curtis Moore
Investor Relations
(303) 974-2140 or Toll Free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com

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