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ENERGY FUELS RESOURCES <br />CORPORATION <br />Combined, the 3`d rim unit is approximately 55 feet thick (1005 to 1060 feet deep) with an 18 <br />foot thick mud split that is interbedded with thin sandstones in the middle. The upper <br />sandstone, between 1005 and 1022 feet deep appears typical for Salt Wash and the lower sand <br />between 1040 to 1062 feet deep was redder than the 3`d rim sandstone usually is. The hole <br />continued through 40 feet of red mudstone beneath the 3`d rim. The depths for the target <br />sandstone match the projection for the well. The closest historic hole along strike to this hole <br />lies about 4,000 feet to the west and shows the 3 d rim to be split similarly into two or three thin <br />sandstone units. <br />cc -Bob Oswald DRMS <br />cc -Russ Means DRMS <br />cc -Jamie Blair BLM <br />cc -Bruce Smith Western Water and Land <br />cc -Frank Filas EFR <br />cc -Ryan Ellis EFR <br />cc -Dick White EFR <br />cc -Tyler Johnson EFR <br />Energy Fuels Resources Corporation 225 Union Blvd.. Suite 600 <br />wvwwv.energyfuels.com Lakewood, Colorado 80228 <br />Phone: 303-974-"2140 <br />Fax: 303 - 974 -2141 <br />