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Energy Fuels Announces Election of Directors and Results of Shareholder Meeting

Shareholder Meetings

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Energy Fuels Announces Election of Directors and Results of Shareholder

Meeting

Denver, Colorado – May 30, 2018

Energy Fuels Inc. (NYSE American : UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading

uranium producer in the U.S., announces the results of the election of directors and other matters at its

annual meeting of shareholders (the “Meeting”) held on May 30, 2018 in Lakewood, Colorado.

Meeting Results

The eight (8) nominees proposed by management for election as directors were elected by the

shareholders of the Company by way of ballot as follows:

Nominee Votes For % For Votes Withheld % Withheld

J. Birks Bovaird 23,419,100 98.49% 358,932 1.51%

Paul A. Carroll 14,043,817 59.06% 9,734,215 40.94%

Mark S. Chalmers 23,465,290 98.68% 312,742 1.32%

Benjamin Eshleman III 23,087,199 97.09% 690,833 2.91%

Barbara A. Filas 23,437,069 98.57% 340,963 1.43%

Bruce D. Hansen 13,779,060 57.95% 9,998,972 42.05%

Dennis L. Higgs 23,499,800 98.83% 278,232 1.17%

Robert W. Kirkwood 23,164,847 97.42% 613,185 2.58%

At the Meeting, the shareholders also voted to approve the following three (3) ordinary resolutions by

way of ballot:

Ordinary Resolution Votes For % For Votes Against % Against

Approval of Amendment

and Extension of

Shareholder Rights Plan

for a three-year term

22,975,787 96.63% 802,245 3.37%

Approval of 2018

Omnibus Equity

Incentive Plan for a

further three-year term

13,120,384 55.18% 10,657,648 44.82%

Approval of Consulting

Arrangement and share

issuances thereunder

22,937,747 96.47% 840,285 3.53%

At the Meeting, on a show of hands, the shareholders also voted to approve the appointment of KPMG

LLP as the auditors of the Company. Details of each of these matters are set out in the Management

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Information Circular of the Company dated April 9, 2018 . A report of voting results for each resolution

presented at the Meeting prepared in accordance with National Instrument 51-102 has been filed under

the Company’s profile on SEDAR at www.sedar.com.

About Energy Fuels: Energy Fuels is a leading integrated U.S. uranium mining company, supplying U 3O8 to major

nuclear utilities. Its corporate offices are i n Denver, Colorado, and all of its assets and employees are in the western

United States. Energy Fuels holds three of America’s key uranium production centers, the White Mesa Mill in Utah,

the Nichols Ranch Processing Facility in Wyoming, and the Alta Mesa Project in Texas. The White Mesa Mill is the

only conventional uranium mill operating in the U.S. today and has a licensed capacity of over 8 million pounds of

U3O8 per year. The Nichols Ranch Processing Facility is an in-situ recovery production center with a licensed capacity

of 2 million pounds of U 3O8 per year. Alta Mesa is an in- situ recovery production center with a licensed capacity of

1.5 million pounds of U 3O8 per year, which is currently on care and maintenance due to low uranium prices. Energy

Fuels also has the largest uranium resource portfolio in the U.S. among producers, and uranium mining projects

located in a number of Western U.S. states, including one producing in- situ recovery project, mines on standby, and

mineral properties in various stages of permitting and development. Energy Fuels also produces vanadium as a by -

product of its uranium production from certain of its mines on the Colorado Plateau, as market conditions warrant.

The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol

“UUUU”, and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading

symbol “EFR”. Energy Fuels’ website is www.energyfuels.com.

Cautionary Note Regarding Forward -Looking Statements: Certain information contained in this news release,

including any information relating to: the Company being a leading uranium producer in the U.S. and any other

statements regarding Energy Fuels’ futur e 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 histori cal 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 factors relating to: the Company being a leading uranium producer in the U.S. ; and

other risk factors as described in Ener gy Fuels’ most recent annual report on Form 10 -K 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 securities commissions which are available online at www.sec.gov and 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 – VP – Marketing & Corporate Development

(303) 974-2140 or Toll free: (888) 864-2125

[email protected]

www.energyfuels.com