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ENERGY <br />LABORATORIES <br />July 07, 2011 <br />Energy Fuels Resources Corporation <br />44 Union Blvd Ste 600 <br />Lakewood, CO 80228 <br />Workorder No.: 011050881 Quote ID: C2845 - MW -1 <br />Project Name: Whirlwind Mine <br />C11050881-001 Thornton Portal <br />C11050881-002 PR Spring <br />C11050881-003 W -1 <br />Report Approved By: <br />www.energylab.com <br />Sam 1aat <br />The results as reported relate only to the item(s) submitted for testing. <br />If you have any questions regarding these test results, please call. <br />Helena, MT 877 -472 -0711 • Billings, MT 800- 135 -4485 • Casper, WY 888- 235 -0515 <br />Gillette, WY 866 -686 -7175 • Rapid City, SD 888 -672 -1225 • College Station, TX 888 -690 -2218 <br />ANALYTICAL SUMMARY REPORT <br />Energy Laboratories, Inc. Casper WY received the following 3 samples for Energy Fuels Resources Corporation on 5/26/2011 <br />for analysis. <br />Sample ID Client Sample ID Collect Date Receive Date Matrix Test <br />05/24/11 15:20 05/26/11 <br />05/24/11 14:00 05/26/11 <br />Aqueous Metals by ICP /ICPMS, Dissolved <br />Metals by ICP /ICPMS, Total <br />Alkalinity <br />QA Calculations <br />Fluoride <br />E300.0 Anions <br />Nitrogen, Nitrite <br />Nitrogen, Nitrate + Nitrite <br />Nitrogen, Nitrate as N <br />pH <br />Metals Preparation by EPA 200.2 <br />Phosphorus, Total <br />Radium 226, Total <br />Radium 228, Total <br />Sodium Adsorption Ratio <br />Solids, Total Dissolved <br />Solids, Total Suspended <br />05/24/11 16:30 05/26/11 Aqueous Same As Above <br />Aqueous Metals by ICP /ICPMS, Dissolved <br />Alkalinity <br />QA Calculations <br />Fluoride <br />E300.0 Anions <br />Nitrogen, Nitrite <br />Nitrogen, Nitrate + Nitrite <br />Nitrogen, Nitrate as N <br />pH <br />Phosphorus, Total <br />Radium 226, Total <br />Radium 228, Total <br />Sodium Adsorption Ratio <br />Solids, Total Dissolved <br />Solids, Total Suspended <br />This report was prepared by Energy Laboratories, Inc., 2393 Salt Creek Hwy., Casper, WY 82601. Any exceptions <br />or problems with the analyses are noted in the Laboratory Analytical Report, the QA/QC Summary Report, or the <br />Case Narrative. <br />Page 1 of 30 <br />