Clarification on Energy Fuels Mill License Approval Press Release of January 6, 2011

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Energy Fuels Inc. (TSE:EFR) reports the approval of the Radioactive Materials License by the Colorado Department of Public Health and Environment.

Energy Fuels Inc. (TSX:EFR) reports the approval of the Radioactive Materials License by the Colorado Department of Public Health and Environment.

The press release is quoted as saying:

The Company wishes to advise investors that the targeted production rates, life of mine and projected pounds per year of uranium and vanadium production set out in the January 6, 2011 news release have not been supported by an independent economic assessment, as required by NI 43-101, and these estimates should not be relied upon.

Click here to access the entire news release.

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