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Energy Fuels Appoints Barbara A. Filas as a Director

Management Changes

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Energy Fuels Appoints Barbara A. Filas as a Director

Denver, Colorado – March 12, 2018

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

pleased to announce that , effective today, Barbara A. Filas has been appointed to serve as a

Director of Energy Fuels, filling the vacancy created by the resignation of Ames Brown earlier in

2017. Ms. Filas brings an impressive array of executive and technical experience to Energy Fuels

in both the public and private mining sectors.

From 2003 to 2009, Ms. Filas served as the President and Chief Executive of Knight Piésold and

Co., a leading global mining and environmental consulting firm, where she held various roles of

increasing responsibility from 1989 to 2009. From 2011 to 2013 , Ms. Filas served as the

President of Geovic Mining Corp., a publicly-traded mining co mpany with an advanced cobalt,

nickel and manganese exploration project i n Cam eroon, among other exploration ventures.

From 2015 to 2016 , she was a Director of Moroccan Minerals Ltd ., a private company that

explored copper, gold, and silver prospects in Morocco and Serbia . Ms. Filas’ operational

background includes hands -on experience with operating gold and coal mines and processing

facilities; executive experience in consulting , public companies, and non-profits; and technical

expertise in base and precious metals, coal, uranium and industrial metals in various

engineering and environmental capacities.

In addition, Ms. Filas was the first female President of the Society for Mining, Metallurgy and

Exploration (“SME”), the world’s largest technical mining organization. She currently serves as

the Nominations Chair and Chair of the Board of Governors for the National Mining Hall of

Fame and Museum in Leadville , Colorado and is a part-time Professor of Practice at the

Colorado School of Mines in Golden, Colorado . She is internationally recognized as a thought -

leader on a variety of topics including mining, waste management, environmental and social

responsibility, leadership, and sustainability, and she has experience in both developed and

developing countries on six continents. Ms. Filas is a graduate of the University of Arizona, and

a Licensed Professional Mining Engineer in Colorado and Nevada.

Mark S. Chalmers, President and CEO of Energy Fuels Stated: “We are very pleased that Barb

has agreed to serve on Energy Fuels’ Board of Directors, as s he is universally recognized as a

leader in the global mining industry. We look forward to benefitting from her perspectives on

Energy Fuels’ many opportunities, including our 232 Petition on uranium, land cleanup work,

vanadium production potential, and o f course continuing to be the leader in U.S. uranium

production.”

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About Energy Fuels: Energy Fuels is a leading integrated U.S. uranium mining company,

supplying U3O8 to major nuclear utilities. Its corporate offices are in 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 U 3O8 per year. The Nichols Ranch Processing Facility is an in -situ recovery

production center with a licensed capacity of 2 mill ion 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 benefitting from Ms. Filas’

perspectives; 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 Fuel s’

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 bene fitting from Ms. Filas’

perspectives; and other risk factors as described in Energy Fuels’ most recent annual report on

Form 10 -K and quarterly financial reports. Energy Fuels assume s 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 availabl e 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 th at 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.

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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