Energy Fuels Files Two Technical Reports and Preliminary Base Shelf Prospectus

TORONTO, ONTARIO and LAKEWOOD, COLORADO–(Marketwired – March 28, 2014) – Energy Fuels Inc. (NYSE MKT:UUUU)(TSX:EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has filed an updated mineral resource estimate on its 100% owned La Sal Project, increasing the Company’s measured and indicated uranium and vanadium resources by about 2.7 million and 15.5 million pounds, respectively, and an updated mineral resource estimate and preliminary economic assessment on its 100% owned Juniper Ridge Project, increasing the Company’s indicated uranium resources by nearly 1 million pounds. In addition, the Company has filed a preliminary base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec and intends to file on March 31, 2014 a registration statement (Form F-10) with the United States Securities and Exchange Commission (“SEC”). Each of these filings is described in more detail below.

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