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eFENERGYFUELS <br />July 25, 2014 <br />Travis Marshall <br />Colorado Division of Reclamation, Mining and Safety <br />1.01 South 3'd, Suite 301 <br />Grand Junction, CO 81501 <br />Energy Fuels Resources <br />225 Union Blvd. Suite 600 <br />Lakewood, CO, US, 80228 <br />303 - 974 -2140 <br />www.energyfuels.com <br />Transmittal: Second Quarter 2014 Hydrological Report, File No. M -2007 -044, Whirlwind Mine, Mesa <br />County, Colorado <br />Dear Mr. Marshall: <br />Attached is the Second Quarter 2014 Hydrological Report for Energy Fuels Resources Corporation's ( "Energy <br />Fuels ") Whirlwind Mine (the "Mine "). This report was prepared to comply with the Environmental Protection <br />Plan approved by the Division of Reclamation, Mining, and Safety and the conditions set forth in Attachment <br />B of the Bureau of Land Management's Decision Record, Finding of No Significant Impact, and Final <br />Environmental Assessment for the Whirlwind Mine Uranium Mining Project, September 2008. <br />If you have any questions or comments, please do not hesitate to contact me at 303 - 389 -4167. <br />Yours very truly, <br />ENERG FI1Eji,8'2E.SOURCES CORPORATION <br />Jaime Massey <br />Regulatory Compliance Specialist <br />cc: Scott Gerwe, BLM <br />Frank Filas <br />Kathy Weinel <br />Race Fisher <br />Andrea Reither <br />