Nuclear Fuels Inc. announce the appointment of Rich Munson to the board of Directors. Rich Munson has been active in the natural resources business for 35+ years, starting as a natural resources lawyer specializing in taxation. Rich moved to the private sector in the mid -1980's when he joined the Energy Fuels companies owned by John Adams. Energy Fuels Nuclear became the largest US uranium producer in the late 1980's and early 1990's. During this time, Energy Fuels was active in both conventional uranium mining and milling, as well as in the exploration and development of In Situ Recovery "Roll front" mineralization.

Areas where Energy Fuels operated included the Arizona Strip, the Gas Hills, South Dakota, the Colorado Plateau and operated the White Mesa Uranium Mill near Blanding, Utah. Rich has been active in multiple jurisdictions and in 1999, Rich and John Adams were the co-founders of ETK Inc., owner of the Toroparu Gold ? Copper Project in Guyana, S.A., eventually moving the Project to Sandspring Resources Ltd. The Toroparu Project is one of the largest undeveloped gold deposits in the Americas and is now owned by Aris Mining Corp.

Rich continues to be active in the international resource sector. The Company also announces that, in accordance with the Company's Stock Option Plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 1,580,000 common shares of the Company exercisable at a price of $0.56 per share expiring February 6, 2027. The options will vest 1/3 every 6 months over an 18 month period.