Mr. Stephen Antony reports

AMES BROWN JOINS ENERGY FUELS' BOARD OF DIRECTORS

Energy Fuels Inc. has increased the size of its board of directors from eight to nine through the addition of Ames Brown to its board of directors. Mr. Brown has been the chief investment officer at Capital Counsel Management LLC since 2014 and previously worked in financial management with Wells Fargo. As CIO of Capital Counsel Management, Mr. Brown holds ultimate responsibility for a large portfolio of global investments in oil, gas, mining and financial services. In his role with Wells Fargo, Mr. Brown managed similarly constituted portfolios of global investments. Mr. Brown holds a master of business administration and a master of science in strategic communications from Columbia University, a bachelor of arts in history from Yale University, and completed two years of doctoral studies in financial accounting at Harvard University and the Massachusetts Institute of Technology.

Stephen P. Antony, president and chief executive officer of Energy Fuels, stated: "On behalf of the entire board and management team of Energy Fuels, we welcome Mr. Brown to our board of directors. I expect his experience in finance, natural resources, econometrics and investment management to add value as the company continues to grow during these exciting times in the uranium industry. Energy Fuels is emerging as a dominant uranium producer in the U.S., with both conventional and in situ production. As the U.S. seeks to expand the use of clean energy, including nuclear power which currently produces about two-thirds of the emission-free electricity generated in the U.S., uranium demand is expected to rise. We believe that Mr. Brown's unique skill set will help prepare Energy Fuels to capitalize on these positive long-term market fundamentals, and that through his funds' significant ownership of Energy Fuels' common shares, Mr. Brown is well aligned with other Energy Fuels shareholders."

We seek Safe Harbor.