Energy Fuels Earns Unanimous Approval of Special Use Permit for Pinon Ridge Mill from Montrose County Planning

TORONTO, ONTARIO, Jul 07 (MARKET WIRE) --
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company") completed
another major step on the path to permitting the Pinon Ridge Uranium mill
in western Montrose County, Colorado. By a unanimous vote of 5 to 0, the
Montrose County Planning Commission passed a resolution recommending
approval by the 3-person Board of County Commissioners of the Company's
Special Use Permit. This Permit will allow the 880 acre site located
about 12 miles west of the town of Naturita, Colorado, and acquired by
Energy Fuels in July of 2007, to be used for the construction and
operation of the mill. Energy Fuels anticipates that the permit will come
before the Board of County Commissioners within the next 4 to 6 weeks,
for their consideration.

This special use permit process leads to a land use decision at the
county level and is separate from the technical licensing process to
actually construct and operate the mill. The mill licensing process is
administered by the Colorado Department of Public Health and Environment
(CDPHE). Energy Fuels has been gathering data to support the license
application since the 4th quarter of 2007. The application for the CDPHE
license will be submitted this fall.

Once both the Montrose County Special Use Permit and the CDPHE mill
license are obtained, Energy Fuels will have authorization to build and
operate the Pinon Ridge uranium mill.

George Glasier, Energy Fuels President and CEO, said after the meeting,
"The Energy Fuels Team has been working diligently on this permit for
almost a year, and we are very happy with the unanimous decision. After 3
separate public meetings in which a total of 15 hours of public testimony
were heard from over 100 individuals, the Planning Commission through its
vote, confirmed the site selected by Energy Fuels. This decision clearly
supports the site selection process applied by the Company to identify
this prime mill site two years ago."

Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral
development company actively rehabilitating and developing formerly
producing mines. With more than 55,000 acres of highly prospective
uranium and vanadium property located in the states of Colorado, Utah,
Arizona, Wyoming, Idaho, and New Mexico, and exploration properties in
Saskatchewan's Athabasca Basin totaling almost 50,000 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 recently acquired Magnum Uranium
subsidiary, 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.

Contacts:
Energy Fuels Inc.
Gary Steele
Investor Relations
(303) 974-2147 or Toll Free: 1-888-864-2125
Email: investorinfo@energyfuels.com
Website: www.energyfuels.com

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