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ENERGY <br />LABORATORIES <br />Report <br />Definitions: <br />wenuner iab.com <br />Analytical Excellence Slat.152 <br />RL - Analyte reporting limit. <br />QCL - Quality control limit. <br />MDC - Minimum detectable concentration <br />Helena, tiff 877 -472 -0711 • Billings, MT 800 - 735 -4489 • Casper, WY 888- 235 -0515 <br />Gillette, WY 866 -688 -7175 ■ Rapid City, SD 888 -672 -1225 • College Station, TX 888 - 690 -2218 <br />LABORATORY ANALYTICAL REPORT <br />Prepared by Casper, WY Branch <br />Client: Energy Fuels Resources Corporation Report Date: 07/07/11 <br />Project: Whirlwind Mine Collection Date: 05/24/11 14:00 <br />Lab ID: C11050881-003 DateReceived: 05/26/11 <br />Client Sample ID: W -1 Matrix: Aqueous <br />MCL/ <br />Analyses Result Units Qualifier RL QCL Method <br />Analysis Date / By <br />RADIONUCLIDES - TOTAL <br />Radium 228 0.29 pCi /L U RA -05 06/27/11 11:44 / plj <br />Radium 228 precision ( ±) 0.83 pCi /L RA -05 06/27/11 11:44 / plj <br />Radium 228 MDC 1.4 pCi /L RA -05 06/27/11 11:44 / plj <br />DATA QUALITY <br />NC Balance (± 5) 1.70 % Calculation 06/22/11 11:24 / kbh <br />Anions 12.5 meq /L Calculation 06/22/11 11:24 / kbh <br />Cations 12.9 meq /L Calculation 06/22/11 11:24 / kbh <br />Solids, Total Dissolved Calculated 748 mg /L Calculation 06/22/11 11:24 / kbh <br />TDS Balance (0.80 - 1.20) 0.960 Calculation 06/22/11 11:24 / kbh <br />MCL - Maximum contaminant level. <br />ND - Not detected at the reporting limit. <br />U - Not detected at minimum detectable concentration <br />Page 8 of 30 <br />