Nuclear Fuels Inc. announced that the Company has expanded its Wyoming uranium holdings with the staking of the Bobcat Uranium Project located in the Shirley Basin. The Bobcat Uranium Project hosts a historic resource of 474,309 lbs. of uranium*.

Highlights: The Bobcat Uranium Project includes over 1,600 acres of mineral rights covering a mineralized roll front and is open to expansion; In the early 1980?s the main Shirley Basin uranium district was credited with 84 million pounds U3O8 (uranium) in reserves and past production which ceased due to declining uranium price; The Shirley Basin is a current focus of In-Situ Recovery (?ISR?) exploration by several uranium exploration companies; The Shirley Basin was the site of the first commercial ISR project in the United States; The Bobcat project adds to Nuclear Fuels? project base and adds optionality for the Company in building compliant resources going forward. The Bobcat Uranium Project: Located 25 miles south of Casper, Wyoming in Albany County, the Bobcat Project is located in the Shirley Basin.

The Shirley Basin was a proven and prolific producer of uranium credited with over 84 million lbs. produced, between 1959 and 1992, from producers including Getty Oil Company, Texaco Inc., Pathfinder Mines Corporation, Cogema Mining Inc., Although the majority of the district?s production has come from conventional mining, in 1964 the Shirley Basin was home to the first commercial use of the In-Situ Recovery (?ISR?) technique to extract uranium from sandstone-hosted deposits. ISR is now utilized to extract over 60% of all uranium in the world; since the 1990s all uranium mining in Wyoming has used the ISR process.

The Bobcat Project was originally explored by Western Resources and joint venture partners in the 1970?s and early 1980?s where it was one of the last uranium projects they continued to hold in the face of low uranium prices. With more than 1,600 acres of mineral rights, the Bobcat Project covers a mineralized roll front and is open to expansion. The technical content of this news release has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101.