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Readers are cautioned that while the resource estimates discussed herein are considered to be reliable they do not all comply with the guidelines of National Instrument 43-101. Therefore with the exception of the Whirlwind Mine near Gateway, Colorado, Energy Fuels is not treating the property resource estimates as a National Instrument 43-101 mineral resource verified by a qualified person. The reader should not rely upon these historical estimates until they can be verified by a National Instrument 43-101 compliant study.

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