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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912282-08-000700.txt : 20080509
<SEC-HEADER>0000912282-08-000700.hdr.sgml : 20080509
<ACCEPTANCE-DATETIME>20080509172440
ACCESSION NUMBER:		0000912282-08-000700
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080509
DATE AS OF CHANGE:		20080509
GROUP MEMBERS:		DENISON MINES CORPORATION

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			URANERZ ENERGY CORP.
		CENTRAL INDEX KEY:			0001162324
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				980365605
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-80692
		FILM NUMBER:		08819794

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1410 - 800 WEST PENDER STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6
		BUSINESS PHONE:		604-689-1659

	MAIL ADDRESS:	
		STREET 1:		SUITE 1410 - 800 WEST PENDER STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARLETON VENTURES CORP
		DATE OF NAME CHANGE:	20011115

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DENISON MINES CORP.
		CENTRAL INDEX KEY:			0001063259
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		1050 SEVENTEENTH STREET
		STREET 2:		SUITE 950
		CITY:			DENVER
		STATE:			CO
		ZIP:			80265
		BUSINESS PHONE:		3036287798

	MAIL ADDRESS:	
		STREET 1:		1050 SEVENTEENTH STREET
		STREET 2:		SUITE 950
		CITY:			DENVER
		STATE:			CO
		ZIP:			80265

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL URANIUM CORP
		DATE OF NAME CHANGE:	19980603
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>uranerz13d-denison_050908.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-FAMILY: 'Times New Roman'" bgcolor="#ffffff">
        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="5">UNITED
        STATES</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <b><font size="5">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center">
        <font size="2">Washington, D.C. 20549</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center">
        <b><font size="5">SCHEDULE 13D</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">Under the
        Securities Exchange Act of 1934</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <b><font size="2">(Amendment No. ___)</font></b></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <u><b><font size="5">Uranerz Energy
        Corporation</font></b></u><font size="5">&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2">(Name of
        Issuer)</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <u><b><font size="2">Common Shares</font></b></u><font size="2">&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2">(Title of
        Class of Securities)</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <u><b><font size="2">91688T104</font></b></u> <font size="2">&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2">(CUSIP
        Number)</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Brenda
        R. Lazare c/o Denison Mines Corporation</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Atrium
        on Bay, 595 Bay Street, Suite 402</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <b><font size="2">Toronto, Ontario M5G 2C2 CANADA</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <u><b><font size="2">(416) 979-1991 ext. 366</font></b></u><font size="2">&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">(Name,
        Address and Telephone Number of Person</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center">
        <font size="2">Authorized to Receive Notices and Communications)</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
        <u><b><font size="2">April 15, 2008</font></b></u><font size="2">&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2">(Date of
        Event Which Requires Filing of this Statement)</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left"><font size="2">If the
        filing person has previously filed a statement on Schedule 13G to report the acquisition
        which is the subject of this Schedule 13D, and is filing this schedule because of Secs.
        240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box.</font>
        <font face="Wingdings">o</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Note:
        Schedules filed in paper format shall include a signed original and five copies of the
        schedule, including all exhibits. See &sect;240.13d-7 for other parties to whom copies are
        to be sent.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">* The
        remainder of this cover page shall be filled out for a reporting person&rsquo;s initial
        filing on this form with respect to the subject class of securities, and for any subsequent
        amendment containing information which would alter disclosures provided in a prior cover
        page.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">The
        information required on the remainder of this cover page shall not be deemed to be
        &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934
        (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but
        shall be subject to all other provisions of the Act (however, see the Notes).</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><b><font size="2">Persons
        who respond to the collection of information contained in this form are not required to
        respond unless the form displays a currently valid OMB control number.</font></b></p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 6; page: 6" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

        <div align="left">
            <table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="675" border="0">
                <tr>
                    <td valign="top" colspan="4">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">CUSIP No. 91688T104</font></b></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 12.6pt; page-break-inside: avoid">
                    <td style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.6pt" valign="top" colspan="4">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">&nbsp;&nbsp;</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 35.1pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 35.1pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">1</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 35.1pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">NAMES OF REPORTING PERSONS</font></p>

                        <p style="MARGIN: 0in 0in 6pt 9pt"><font size="2">I.R.S. IDENTIFICATION
                        NOS. OF ABOVE PERSONS</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">Denison Mines
                        Corporation</font></b><strong><strong>&nbsp;</strong></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 46.35pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 46.35pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">2</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 46.35pt" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <strong><b><strong>(a)</strong></b></strong>
                        <strong><font face="Wingdings">o</font></strong><strong><strong>&nbsp;</strong></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">(b)</font></b>&nbsp;
                        <strong><font face="Wingdings">o</font></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 15.75pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 15.75pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">3</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 15.75pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SEC USE ONLY</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 17.1pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.1pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">4</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.1pt" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SOURCE OF FUNDS&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">WC</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 34.65pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.65pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">5</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.65pt" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
                        REQUIRED</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">PURSUANT TO ITEMS 2(D) OR 2(E) &nbsp;</font>
                        <strong><font face="Wingdings">o</font></strong><strong><strong>&nbsp;</strong></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 36.75pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 36.75pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">6</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 36.75pt" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">CITIZENSHIP OR PLACE OF
                        ORGANIZATION&nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <strong><b><strong>Ontario, CANADA</strong></b></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 34.5pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.5pt" valign="top" colspan="2" rowspan="4">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        &nbsp;</p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">NUMBER OF SHARES BENEFICIALLY OWNED BY</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">EACH REPORTING PERSON</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">WITH:</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.5pt" valign="top" width="36">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">7</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.5pt" valign="bottom" width="519">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SOLE VOTING POWER&nbsp;
                        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">8,197,500</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 23.25pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="top" width="36">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">8</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="bottom" width="519">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SHARED VOTING POWER&nbsp;
                        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <strong><b><strong>0</strong></b></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 34.5pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.5pt" valign="top" width="36">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">9</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 34.5pt" valign="bottom" width="519">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SOLE DISPOSITIVE POWER&nbsp;
                        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">8,197,500</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 23.25pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="top" width="36">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">10</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="bottom" width="519">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">SHARED DISPOSITIVE POWER</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <strong><b><strong>0</strong></b></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 6.8pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 36.75pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 36.75pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">11</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 36.75pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                        PERSON&nbsp; &nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN-LEFT: 9.45pt"><b><font size="2">Denison Mines Corporation
                        has sole voting and dispositive power over 8,197,500 common shares, which
                        includes 5,465,000 one-half common share purchase warrants, which may be
                        exercised for or otherwise converted into up to 2,732,500 common shares of
                        the issuer within 24 months.</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 24.75pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 24.75pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">12</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 24.75pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
                        EXCLUDES</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">CERTAIN SHARES</font>
                        <strong><font face="Wingdings">o</font></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 23.25pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">13</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 23.25pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
                        (11)&nbsp;&nbsp;&nbsp;</font></p>

                        <p style="MARGIN: 0in 0in 3pt 9.35pt">
                        <b><font size="2">14.1%</font></b></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">*Based on 55,205,187 outstanding shares of the issuer as
                        of May 5, 2008, plus 2,732,500 common shares to be issued upon conversion
                        of the whole warrants beneficially owned by the reporting person and
                        included pursuant to Rule 13d-3(d)(1)(i) of the
                        Act.</font></b><font size="2">&nbsp;</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr style="HEIGHT: 22.5pt; page-break-inside: avoid">
                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; HEIGHT: 22.5pt" valign="top" width="35">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                        <b><font size="2">14</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 22.5pt" valign="bottom" colspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">TYPE OF REPORTING PERSON</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <strong><b><strong>CO</strong></b></strong></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 9.7pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td width="35">
                    </td>

                    <td width="85">
                    </td>

                    <td width="36">
                    </td>

                    <td width="519">
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 7; page: 7" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Item 1.
        Security and Issuer.</font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="164" border="0">
                <tr>
                    <td valign="top" nowrap width="51">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">- ------</font></p>
                    </td>

                    <td valign="top" nowrap width="113">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">-------------------</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Common
        Shares</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Uranerz
        Energy Corporation.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Suite 1410,
        800 West Pender Street</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Vancouver,
        British Columbia V6C 2V6</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
        <font size="2">CANADA</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Item 2.
        Identity and Background.</font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="183" border="0">
                <tr>
                    <td valign="top" nowrap width="51">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">- ------</font></p>
                    </td>

                    <td valign="top" nowrap width="132">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">-----------------------</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Denison
        Mines Corporation (&ldquo;Denison&rdquo;) is an Ontario, Canada company located at 595 Bay
        Street, Suite 402, Toronto, Ontario M5G 2C2 CANADA. Denison is engaged in the business of
        mining uranium. During the last five years, neither Denison, nor to Denison&rsquo;s
        knowledge, any of its directors or officers has (i) been convicted in a criminal proceeding
        (excluding traffic violations or similar misdemeanors) or (ii) been a party to any civil
        proceeding, subject to a judgment, decree or final order enjoining future violations of, or
        prohibiting or mandating activities subject to federal or state securities laws or finding
        any violation with respect to such laws. The identity and background of each of the
        officers and directors of Denison is as follows:</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">John H.
        Craig, Director of Denison, is a citizen of Canada and currently resides at 8 Saunders
        Street, Toronto, Ontario M5M 3S4 CANADA. Mr. Craig is a Lawyer and Partner with Cassels
        Brock &amp; Blackwell LLP.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">W. Robert
        Dengler, Director of Denison, is a citizen of Canada and currently resides at 512 Quail
        Ridge Drive, Aurora, Ontario L4G 3G8 CANADA. Mr. Dengler is currently engaged as a
        Corporate Director. Until 2006, Mr. Dengler was the Vice-Chairman and Director, as well as
        President and Chief Executive Officer, of Dynatec Corporation.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Brian D.
        Edgar, Director of Denison, is a citizen of Canada and currently resides at 4988 Angus
        Drive, Vancouver, British Columbia V6M 3M5 CANADA. Mr. Edgar is also a Director of Rand
        Edgar Investment Corp.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">E. Peter
        Farmer, Director and Chief Executive Officer of Denison, is a citizen of Canada and
        currently resides at 17 Parkwood Avenue, Toronto, Ontario M4V 2W9 CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Ronald F.
        Hochstein, Director, President and Chief Operating Officer of Denison, is a citizen of
        Canada and currently resides at 789 Grover Avenue, Coquitlam, British Columbia V3J 3C9
        CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Paul F.
        Little, Director of Denison, is a citizen of Canada and currently resides at KinKyle Farm,
        14265 Weston Road, King City, Ontario L7B 1K4 CANADA. Mr. Little is a Corporate Director
        and Financial Consultant.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Lukas H.
        Lundin, Director and Chairman of Denison, is a citizen of both Sweden and Canada and
        currently resides at 1281 West Cordova Street, Suite 3501, Vancouver, British Columbia V6C
        3R5 CANADA. Mr. Lundin is Chairman and Director of several companies.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">William A.
        Rand, Director of Denison, is a citizen of Canada and currently resides at 2136 SW Marine
        Drive, Vancouver, British Columbia V6P 6B5 CANADA. Mr. Rand is also a Director of Rand
        Edgar Investment Corp.</font></p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 8; page: 8" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Roy J.
        Romanow, Director of Denison, is a citizen of Canada and currently resides at 301 Main
        Street East, Saskatoon, Saskatchewan S7N 0B6 CANADA. Mr. Romanow is a Senior Fellow in the
        Department of Political Studies at the University of Saskatchewan.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Catherine
        J. G. Stefan, Director of Denison, is a citizen of Canada and currently resides at 55
        Yorkleigh Avenue, Toronto, Ontario M9P 1Y3 CANADA. Ms. Stefan is the Managing Partner of
        Tivona Capital Corporation.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">James R.
        Anderson, Executive Vice President and Chief Financial Officer of Denison, is a citizen of
        Canada and currently resides at 1331 Lindburgh Court, Mississauga, Ontario L5H 4J2
        CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Harold R.
        Roberts, Executive Vice President, U.S. Operations of Denison, is a citizen of the United
        States and currently resides at 4051 South Holly Street, Englewood, Colorado
        80111.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">William M.
        Shaver, Executive Vice President, Mine Development &amp; Canadian Operations of Denison, is
        a citizen of Canada and currently resides at 272 Alscot Crescent, Oakville, Ontario L6J 4R4
        CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Philip G.
        Buck, Vice President, Mining of Denison, is a citizen of the United States and currently
        resides at 955 Comfort Lane, Newmarket, Ontario L3X 1V7 CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Donald C.
        Campbell, Vice President, Commercial of Denison, is a citizen of Canada and currently
        resides at 1088 Ivsbridge Boulevard, Newmarket, Ontario L3X 1N3 CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">David
        Frydenlund, Vice President, U.S. Legal &amp; Regulatory Affairs, Assistant Corporate
        Secretary of Denison, is a citizen of Canada and currently resides at 8228 Harbour Town
        Place, Lone Tree, Colorado 80124.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">William C.
        Kerr, Vice President, Exploration of Denison, is a citizen of Canada and Ireland and
        currently resides at 1136 King Crescent, Saskatoon, Saskatchewan S7K 0N8 CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Curt D.
        Steel, Vice President, Sales and Marketing of Denison, is a citizen of the United States
        and currently resides at 2 Edmonds Road, Sherman, Connecticut 06784.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Brenda R.
        Lazare, Canadian Counsel &amp; Corporate Secretary of Denison, is a citizen of Canada and
        currently resides at 205 Major Street, Toronto, Ontario M5S 2L4 CANADA.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="389" border="0">
                <tr>
                    <td valign="top" nowrap width="53">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Item 3.</font></p>
                    </td>

                    <td valign="top" nowrap width="336">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Source and Amount of Funds or Other Compensation.</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="308" border="0">
                <tr>
                    <td valign="top" nowrap width="53">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">- ------</font></p>
                    </td>

                    <td valign="top" nowrap width="255">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">------------------------------------------------</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Using funds
        from its working capital, Denison acquired 5,465,000 units in the issuer&rsquo;s April 15,
        2008 private placement offering, each unit consisting of one common share and one-half of
        one common share purchase warrants at a total price of $13,116,000. Each whole warrant may
        be exercised for the purchase of one common share of the issuer, at a price of $3.50 until
        April 15, 2010.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="212" border="0">
                <tr>
                    <td valign="top" nowrap width="53">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Item 4.</font></p>
                    </td>

                    <td valign="top" nowrap width="159">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Purpose of Transaction.</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="181" border="0">
                <tr>
                    <td valign="top" nowrap width="53">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">- ------</font></p>
                    </td>

                    <td valign="top" nowrap width="128">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">----------------------</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Denison
        participated in the issuer&rsquo;s private placement offering for investment
        purposes.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Item 5.
        Interest in Securities of the Issuer.</font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="247" border="0">
                <tr>
                    <td valign="top" nowrap width="51">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">- ------</font></p>
                    </td>

                    <td valign="top" nowrap width="196">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">------------------------------------</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">See Item 3
        above.</font></p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 9; page: 9" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">The shares
        constitute 14.1% of the outstanding common shares of the issuer on a non-diluted basis,
        based on 55,205,187issued and outstanding shares of the issuer as of May 5, 2008. None of
        the officers or directors of Denison directly or indirectly own any shares of the
        issuer.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="587" border="0">
                <tr>
                    <td valign="top" nowrap width="61">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Item 6.</font></p>
                    </td>

                    <td valign="top" nowrap width="525">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Contracts, Arrangements, Understandings or Relationships
                        with Respect to the Issuer.</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
        <font size="2">-------------------------</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="275" border="0">
                <tr>
                    <td valign="top" nowrap width="61">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Item 7.</font></p>
                    </td>

                    <td valign="top" nowrap width="213">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Materials to be Filed as Exhibits.</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
        <font size="2">-------------------------</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 10; page: 10" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left">
        <b><font size="2">SIGNATURE</font></b></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: left"><font size="2">After
        reasonable inquiry and to the best of each of the undersigned&rsquo;s knowledge and belief,
        each of the undersigned certifies that the information set forth in this statement is true,
        complete and correct. This statement may be executed in any number of counterparts, each of
        which when so executed shall be deemed to be an original and all of which taken together
        shall constitute but one and the same statement.</font></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                <tr>
                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <b><font size="2">DENISON MINES CORPORATION</font></b></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left">
                        <font size="2">Date: May 9, 2008</font></p>
                    </td>

                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">By:</font> <u><font size="2">/s/ Brenda
                        Lazare</font></u></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td valign="bottom" width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Name: Brenda Lazare</font></p>
                    </td>
                </tr>

                <tr>
                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>

                    <td width="312">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        <font size="2">Title: Canadian Counsel and Corporate Secretary</font></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                        &nbsp;</p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 11; page: 11" -->
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    </body>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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