Energy Fuels Inc.

Energy Fuels Inc.

May 01, 2007 17:37 ET

Peres Resigns as a Director of Energy Fuels

TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or "the Company") announces that the Board of Directors has accepted the resignation of Ian C. Peres as a director of the Company effective immediately.

The Board of Directors would like to thank Mr. Peres for his contribution as a director of the Company.

Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral exploration and development company with more than 30,000 acres of highly prospective uranium and vanadium property located in the States of Colorado, Utah and Arizona. The Company, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation, has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.

J. Birks Bovaird, Chairman of the Board of Directors

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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