Energy Fuels Resources Corporation is aggressively acquiring uranium properties on the Colorado Plateau in the Uravan Mineral Belt District and the Arizona Strip District.  The Uravan Mineral Belt is located in Western Colorado and Eastern Utah.  The Arizona Strip is located in northwestern Arizona.

The Company initiated deposit verification drilling on the Uravan Mineral Belt District properties on March 12, 2007 and will continue drilling throughout the year. Drill hole locations are staked for two additional properties and permit applications for those drilling projects have been submitted. Approval has been received from the State of Colorado and the U.S. Bureau of Land Management for one site with the second permit pending.