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GEL LABORATORIES LLC <br />2040 Savage Road Charleston SC 29407 - (843) 556 -8171 - www.gel.com <br />Certificate of Analysis <br />Report Date: January 7, 2013 <br />Company : <br />Energy Fuels Resources (USA), Inc. <br />Address : <br />225 Union Boulevard <br />Suite 600 <br />Gammaspec, Liquid (Ba133,Cs134,Cs137,Co60,Zn65)) "As Received" <br />Lakewood, Colorado 80228 <br />Contact: <br />Ms. Kathy Weinel <br />Project: <br />Sunday Mine GW Sampling <br />Client Sample ID: <br />Sunday 65 (MW-SUN 1 QC Duplicate) Project: DNMI00102 <br />Sample ID: <br />316524002 Client ID: DNMI001 <br />Matrix: <br />Ground Water <br />Collect Date: <br />10- DEC -12 13:00 <br />Receive Date: <br />11- DEC -12 <br />Collector: <br />Client <br />Parameter Qualifier Result Uncertainty DL RL Units DF Analyst Date Time Batch Method <br />Rad Gamma Spec Analysis <br />Gammaspec, Liquid (Ba133,Cs134,Cs137,Co60,Zn65)) "As Received" <br />Barium -133 U 203 +/-279 <br />8.79 <br />pCi/L <br />KXG3 12/14/12 0918 1269888 <br />1 <br />Cesium -134 U 0.436 +/ -180 <br />6.59 <br />pCi/L <br />Cesium -137 U -258 +/-222 <br />613 <br />100 <br />pCi/L <br />Cobalt -60 U 194 +/-168 <br />668 <br />pCi/L <br />Zinc-65 U 5.33 +/-450 <br />14.9 <br />pCi/L <br />Rad Gas Flow Proportional Counting <br />GFPC, Total Alpha Radium, Liquid "As Received" <br />Gross Radium Alpha 153 +/ -0.407 <br />0 745 <br />100 <br />pCi/L <br />KDF1 12/19/12 0724 1270328 <br />2 <br />Gross Alpha/Beta in Drinking Water EPA 900.0 "As Received" <br />Alpha 735 +/-156 <br />295 <br />100 <br />pCl/L <br />DYTl 12/13/12 1127 1274046 <br />3 <br />Beta 540 +/-761 <br />162 <br />100 <br />pCi/L <br />Radium -228 in Drinking Water EPA 904.0 "As Received" <br />Radium -228 U 0271 +/ -0.121 <br />0.379 <br />1.00 <br />pCi/L <br />KDF1 12/21/12 0622 1274080 <br />4 <br />Gross Alpha minus Uranium "See Parent Products" <br />Gross Alpha minus U 186 <br />pCi/L <br />1 AFl 01/03/13 1350 1271481 <br />5 <br />Rad Radium -226 <br />Radium -226 in Drinking Water EPA 903.1 (De- emanati "As Received" <br />Radium -226 U 0.724 +/ -0.195 <br />0408 <br />100 <br />pCi/L <br />KSDI 12/18/12 1510 1270039 <br />6 <br />The following Analytical Methods were performed: <br />Method Description <br />Analyst Comments <br />1 EPA 901 1 <br />2 EPA 900 1 Modified <br />3 EPA 900 0 <br />4 EPA 904 0/ EPA 9320 <br />5 Calculation <br />6 EPA 903 1 <br />Surrogate/Tracer Recovery Test Result Nominal Recovery% Acceptable Limits <br />Barium Carrier GFPC, Total Alpha Radium, Liquid "As Received" 101 (25 0/o-125 %) <br />Yttrium Carrier Radium -228 in Drinking Water EPA 904.0 "As 806 (25 %125 %) <br />Received" <br />Barium Carrier Radium -228 in Drinking Water EPA 904 0 "As 102 (25 0/o,125 %) <br />Received" <br />Page 81 of 86 <br />