<SEC-DOCUMENT>0001654954-16-003361.txt : 20161102
<SEC-HEADER>0001654954-16-003361.hdr.sgml : 20161102
<ACCEPTANCE-DATETIME>20161102135535
ACCESSION NUMBER:		0001654954-16-003361
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161102
FILED AS OF DATE:		20161102
DATE AS OF CHANGE:		20161102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DENISON MINES CORP.
		CENTRAL INDEX KEY:			0001063259
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33414
		FILM NUMBER:		161967096

	BUSINESS ADDRESS:	
		STREET 1:		40 UNIVERSITY AVE., SUITE 1100
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 1T1
		BUSINESS PHONE:		(416) 979-1991

	MAIL ADDRESS:	
		STREET 1:		40 UNIVERSITY AVE., SUITE 1100
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 1T1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL URANIUM CORP
		DATE OF NAME CHANGE:	19980603
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dnn_6k.htm
<DESCRIPTION>PRIMARY DOCUMENT
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<div style="text-align: center; text-indent: 0px; padding-top: 5.3px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">UNITED STATES</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Washington, D.C. 20549</font></div>
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<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">FORM 6-K</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-bottom: 2.7px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><!--Rule Below Paragraph--></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Report of Foreign Private Issuer</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">of the Securities Exchange Act of 1934</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Date: November 2, 2016</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Commission File Number: 001-33414</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><!--Rule Below Paragraph--></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 32px; font-weight: bold;">Denison Mines Corp.</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">(Translation of registrant&#x2019;s name into
English)</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">1100-40 University Avenue, Toronto Ontario, M5J 1T1
Canada</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">(Address of principal executive offices)</font></div>
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<div style="text-align: center; text-indent: 0px; padding-bottom: 2.7px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><!--Rule Below Paragraph--></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form
40-F.</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form
20-F&#xA0;&#xA0;&#x2610;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Form&#xA0;&#xA0;&#xA0;&#xA0;40-F&#xA0;&#xA0;&#xA0;&#x2612;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1):&#xA0;&#xA0;&#x2610;</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7):&#xA0;&#xA0;&#x2610;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"></div>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Signatures</font></div>
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<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.</font></div>
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<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Denison Mines Corp.</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td colspan="3" style="width: 48%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-style: italic;">/s/ Amanda Willett</font></div>
</td>
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<td style="width: 47%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Date:
November 2, 2016</font></div>
</td>
<td style="width: 1%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Amanda
Willett</font></div>
</td>
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<td style="width: 47%; vertical-align: top;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td style="width: 1%; vertical-align: bottom;">
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<td style="width: 0%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td colspan="3" style="width: 48%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Corporate Counsel and Corporate Secretary</font></div>
</td>
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</div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold;">EXHIBIT
INDEX</font></font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<tr>
<td style="width: 10%; vertical-align: bottom;">
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit&#xA0;Number</font></div>
</td>
<td style="width: 5%; vertical-align: bottom;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;&#xA0;</font></div>
</td>
<td style="width: 85%; vertical-align: bottom;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Description</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">99.1</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
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<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Press
release dated November 2</font><font style="font-family: Times New Roman; font-size: 13px;">,
2016</font></div>
</td>
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</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a161102wheelerriverprojec.htm
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER 2, 2016
<TEXT>
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<font style="font-family: Times New Roman; font-size: 13px">Denison
Mines Corp.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1100
&#x2013; 40 University Ave</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Toronto,
ON M5J 1T1</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
www.denisonmines.com</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
@DenisonMinesCo</font></div>
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PRESS RELEASE</font></div>
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</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 16px; font-weight: bold;">DENISON
REPORTS ON INITIAL PROJECT DEVELOPMENT</font></div>
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<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 16px">ACTIVITIES AT
WHEELER RIVER</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
Toronto, ON &#x2013; November 2, 2016</font> <font style="color: #000000">Denison Mines Corp. (&#x201C;Denison&#x201D; or the
&#x201C;Company&#x201D;) (DML: TSX, DNN: NYSE MKT) is pleased to
provide an update on its initial Pre-Feasibility Study
(&#x201C;PFS&#x201D;) related activities at its 60% owned Wheeler
River Project (&#x201C;Wheeler River&#x201D; or &#x201C;the
Project&#x201D;), located in the infrastructure rich eastern portion
of the Athabasca Basin region in northern Saskatchewan. Denison
announced the initiation of a PFS for the Wheeler River project in
July 2016, following the completion of a successful Preliminary
Economic Assessment (&#x201C;PEA&#x201D;) studying the economic
merits of co-developing the high grade Phoenix and Gryphon uranium
deposits. The PEA highlighted the potential to achieve a base case
20.4% pre-tax internal Rate of Return (&#x201C;IRR&#x201D;) and an
indicative post-tax IRR to Denison of 17.8%, using a long term
contract price for uranium of US$44 per pound U</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">3</font><font style="color: #000000">O</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">8</font><font style="color: #000000">.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Project development related field activities commenced at Wheeler
River in June 2016, running in parallel to the Company&#x2019;s
highly successful summer exploration program. In addition to
initial infill drilling completed at Gryphon during the summer,
project development field work completed during 2016 has been
focused on initiating the environmental and engineering data
collection programs required for the PFS and Environmental
Assessment process.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
David Cates, President and CEO of Denison commented,</font>
<font style="font-style: italic; color: #000000">&#x201C;Our
Saskatoon based project development team has spent the summer
working alongside our exploration team to begin the process of
assessing the feasibility of the development of Wheeler River. This
work is a critical first step and clearly signals our commitment to
advancing the Wheeler River Project in a responsible and
sustainable manner that respects the environment and northern
communities. The activities we&#x2019;ve started in the field this
year will help to build a solid foundation for both our project
engineering as well as our environmental impact assessment. Through
this process, we&#x2019;ve had the opportunity to introduce the
Project to some of the northern communities in the region, and
moving forward we will continue to maintain and build positive
relationships as we position Wheeler River, for the benefit of all
of our stakeholders, to take advantage of the next uranium bull
cycle.&#x201D;</font></font></div>
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<font style="text-decoration: underline; font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Engineering Activities</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In June
2016, the Company commenced engineering data collection programs on
site at Wheeler River, including geotechnical and hydrogeological
field studies. Geotechnical data collection programs were initiated
to assess ground conditions in the mineralized zones as well as the
surrounding host rock. This information will be used to guide the
location of underground development and the design of ground
support systems for both the shafts and the mine. This information
is also used in the production planning process, including the
determination of optimum stope sizes and mine production
sequencing. By the end of October, a substantial database of
geotechnical information was obtained including:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">1,650
metres of geotechnical logging at the Phoenix deposit;</font></div>
</div>
</div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">33,000
metres of geotechnical logging from exploration drilling at
Gryphon; and</font></div>
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</div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">3,800
metres of geotechnical logging of historic drill cores from both
Phoenix and Gryphon.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Hydrogeological
data collection was also initiated during the summer to gather
information on sub-surface water movement in the mineralized zones,
host rock and across major geological structures. Understanding
these conditions at Wheeler River will help to avoid some of the
challenges that have been experienced at other underground
operations in the Athabasca Basin. The information collected will
be used to: evaluate routine and potential non-routine water
inflows to an underground operation; develop design criteria for
mine dewatering and water treatment plant systems; and understand
potential interactions of the Project with the
environment.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Similar
to the geotechnical program, by the end of October 2016 a
substantial database of hydrogeological information was obtained
including:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">92
hydrogeological tests at both Gryphon and Phoenix, completed to
better understand groundwater movement and flow paths, including
tests in the sandstone, at the unconformity and in basement zones
across geological structures;</font></div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Surface
water elevation surveys completed in over 180
boreholes;</font></div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
collection of 20 sub-surface water samples for laboratory analysis;
and</font></div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
installation of two vibrating wire piezometers to facilitate
sub-surface hydrogeological data collection during drilling and
pumping programs.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
addition to the engineering field work described above, the Company
also initiated engineering investigations into alternate mining
methods at Phoenix, options for shaft and vent raise excavation at
both Gryphon and Phoenix, and possible routes for a site access
road from provincial highway 914.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Environmental Activities</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Denison
is continuing to collect environmental baseline data to help
characterize the existing environment in the Project area.
Thoroughly understanding and documenting the local environment is
essential to assessing current and future project impacts. This
data will form the foundation of the Environmental Assessment for
the Project. The information will also be used in the design of
various aspects of the Project, including the location and layout
of site infrastructure, the location for treated effluent discharge
and fresh water intake, and the designs of water treatment plants,
waste storage facilities, and other infrastructure interacting with
the environment. Programs conducted in 2016 and continuing into
2017 include:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Aquatic environment</font>: Lakes and
streams near the Project area are in the process of being
characterized with key aspects including: water quality, water flow
and water levels, lake sediment quality, benthic invertebrate
communities, and fish communities;</font></div>
</div>
</div>
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<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Terrestrial environment</font>: Data
regarding wildlife, vegetation and soils surrounding the Project
area is being characterized;</font></div>
</div>
</div>
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<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">W</font><font style="text-decoration: underline; color: #000000">aste rock
geochemistry</font><font style="color: #000000">: Targeted core
samples are being analyzed to determine potential acid and metal
leaching potential from waste rock, which will be used in design of
potential waste rock storage facilities;</font></font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Atmospheric
environment</font><font style="color: #000000">: Collection of air
quality measurements was initiated to gather information on
pre-development atmospheric conditions; and</font></font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Heritage
resources:</font> <font style="color: #000000">Investigations are
underway to determine presence of heritage resources in the Project
area.</font></font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In addition to the environmental baseline programs, Denison is
pleased to have started initial consultations with local
communities.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Infill drilling at Gryphon</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">An
important step in completing the PFS involves increasing the level
of confidence of the previously released inferred resources
estimated for the Gryphon deposit to an indicated level. An infill
drilling program was designed to achieve this objective by
increasing the previous 50 x 50 metre drill spacing to an
approximate 25 x 25 metre spacing across the A, B and C series
lenses of the Gryphon deposit. The program, which is expected to
require approximately 40 drill holes, includes delineation holes
designed to potentially close-off areas where mineralization is
still open.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">An
initial set of infill and delineation holes on the Gryphon deposit
was completed during the summer 2016 exploration drilling program
(as reported previously, see <font style="text-decoration: underline">Denison's Press R</font><a name="_Hlt465771147"><!--anchor--></a><font style="text-decoration: underline">elease dated October 6, 2016</font>),
which reinforce the high-grade nature of the deposit and included
highlight results of:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">1.5% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 14.4
metres&#xA0;(including 2.3% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 7.9
metres and 1.5% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 1.0
metre) in drill hole WR-668D2, and</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">0.93%
eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over
14.1 metres&#xA0;(including 2.1% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8&#xA0;</font>over 3.7
metres and 1.4% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 1.3
metres)&#xA0;and 2.4% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 7.3
meters&#xA0;(including 3.7% eU<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>&#xA0;over 4.5
metres) in drill hole</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">WR-668.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Qualified Persons</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
The disclosure of scientific or technical information regarding
infill drilling at the Gryphon deposit included in this press
release was prepared by, or reviewed and approved by, Dale Verran,
MSc, Pr.Sci.Nat., the Company&#x2019;s Vice President, Exploration,
a Qualified Person in accordance with the requirements of NI
43-101. The remainder of the disclosure of a scientific or
technical nature contained in this news release was prepared by, or
reviewed and approved by, Peter Longo, P. Eng, MBA, PMP,
Denison&#x2019;s Vice-President, Project Development, who is a
Qualified Person in accordance with the requirements of NI
43-101</font><font style="font-weight: bold; color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Grade results reported herein as &#x201C;eU</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">3</font><font style="color: #000000">O</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">8</font><font style="color: #000000">&#x201D;
refer to radiometric equivalent U</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">3</font><font style="color: #000000">O</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">8</font>
<font style="color: #000000">derived from a calibrated total gamma
down-hole probe. Radiometric equivalent U</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">3</font><font style="color: #000000">O</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">8</font>
<font style="color: #000000">results are preliminary in nature and
all mineralized intervals have been sampled and submitted for
chemical U</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">3</font><font style="color: #000000">O</font><font style="font-size: 70%; vertical-align: bottom; color: #000000">8</font>
<font style="color: #000000">assay in accordance with
Denison&#x2019;s technical procedures. All Gryphon drill holes
reported herein were drilled at a high angle to mineralization to
allow for better evaluation of true thicknesses which are expected
to be approximately 75% of the intersection lengths. For further
details regarding the description of the data verification, assay
procedures and the quality assurance program and quality control
measures applied by Denison, please see Denison&#x2019;s Annual
Information Form dated March 24, 2016 available under Denison's
profile on SEDAR at www.sedar.com, and its Form 40-F available on
EDGAR at</font> <font style="color: #000000">www.sec.gov/edgar.shtml</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
About Wheeler River</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
The Wheeler River property is a joint venture between Denison (60%
and operator), Cameco Corp. (30%), and JCU (Canada) Exploration
Company Limited (10%), and is host to the high-grade Gryphon and
Phoenix uranium deposits discovered by Denison in 2014 and 2008,
respectively. The Gryphon deposit is hosted in basement rock and is
currently estimated to contain inferred resources of 43.0 million
pounds U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font> (above a cut-off grade of 0.2%
U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font>) based on 834,000 tonnes of
mineralization at an average grade of 2.3% U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font>.
The Phoenix unconformity deposit is located approximately 3
kilometres to the southeast of Gryphon and is estimated to include
indicated resources of 70.2 million pounds U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font>
(above a cut-off grade of 0.8% U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font>)
based on 166,000 tonnes of mineralization at an average grade of
19.1% U<font style="font-size: 13px">3</font>O<font style="font-size: 13px">8</font>, and is the highest grade undeveloped
uranium deposit in the world.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
On April 4th, 2016 Denison announced the results of a PEA for the
Wheeler River Project, which considers the potential economic merit
of co-developing the high-grade Gryphon and Phoenix deposits as a
single underground mining operation. The PEA returned a base case
pre-tax Internal Rate of Return ("IRR") of 20.4% and an indicative
post-tax IRR to Denison of 17.8%, based on the current long term
contract price of uranium (US$44.00 per pound U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>), and Denison's
share of estimated initial capital expenditures ("CAPEX") of
CAD$336M (CAD$560M on 100% ownership basis). The results of the
PEA, and the estimated resources for the Gryphon and Phoenix
deposits, are detailed in the Company&#x2019;s NI 43-101 technical
report entitled &#x201C;Preliminary Economic Assessment for the
Wheeler River Uranium Project, Saskatchewan, Canada&#x201D; with an
effective date of March 31, 2016. A copy of the report is available
on the Company&#x2019;s website and on both SEDAR and
EDGAR.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="font-family: Times New Roman">Exploration results from
the winter and summer 2016 drilling program have not been
incorporated into the resource estimate or the PEA.</font>
<font style="color: #000000">The PEA is preliminary in nature and
includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations
applied to them to be categorized as mineral reserves, and there is
no certainty that the preliminary economic assessment will be
realized. Mineral resources are not mineral reserves and do not
have demonstrated economic viability.</font> <font style="font-family: Times New Roman">On July 19th, 2016 Denison announced
the initiation of the PFS for the Wheeler River property and the
complimentary commencement of an infill drilling program at the
Gryphon deposit to bring the inferred resources up to an indicated
level of confidence.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">About
Denison</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-style: italic; font-family: Times New Roman; font-size: 13px">
Denison is a uranium exploration and development company with
interests focused in the Athabasca Basin region of northern
Saskatchewan. Including its 60% owned Wheeler River project, which
hosts the high grade Phoenix and Gryphon uranium deposits,
Denison's exploration portfolio consists of numerous projects
covering over 350,000 hectares in the infrastructure rich eastern
Athabasca Basin. Denison's interests in Saskatchewan also include a
22.5% ownership interest in the McClean Lake joint venture, which
includes several uranium deposits and the McClean Lake uranium
mill, which is currently processing ore from the Cigar Lake mine
under a toll milling agreement, plus a 25.17% interest in the
Midwest deposit and a 61.55% interest in the J Zone deposit on the
Waterbury Lake property. Both the Midwest and J Zone deposits are
located within 20 kilometres of the McClean Lake mill.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Denison is also engaged in mine decommissioning and environmental
services through its Denison Environmental Services division and is
the manager of Uranium Participation Corp., a publicly traded
company which invests in uranium oxide and uranium
hexafluoride.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
For more information, please contact</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0 auto;width: 100%;">
<tr>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">David
Cates</font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;(416)
979-1991 ext. 362</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">President and Chief
Executive Officer</font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
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</td>
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</td>
</tr><tr>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">Sophia
Shane</font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 13px">(604)
689-7842</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">Investor
Relations</font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
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</td>
<td style="width: 50%">
<div style="text-align: right"><font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">Follow Denison on
Twitter</font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 13px">@DenisonMinesCo</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 420px; margin-right: 0px; text-indent: -420px">
&#xA0;<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Cautionary Statement Regarding Forward-Looking
Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Certain information contained in this press release constitutes
&#x201C;forward-looking information", within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
similar Canadian legislation concerning the business, operations
and financial performance and condition of Denison.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects",
"budget", "scheduled", "estimates", &#x201C;forecasts", "intends",
"anticipates", or "believes", or the negatives and/or variations of
such words and phrases, or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur", "be achieved" or &#x201C;has the potential to&#x201D;. In
particular, this press release contains forward-looking information
pertaining to the following: the results of the PEA and
expectations regarding further studies, including the PFS and
related environmental studies and community consultations;
exploration, development and expansion plans and objectives; and
management&#x2019;s expectations regarding the uranium market and
prices. Statements relating to "mineral reserves" or "mineral
resources" are deemed to be forward-looking information, as they
involve the implied assessment, based on certain estimates and
assumptions that the mineral reserves and mineral resources
described can be profitably produced in the future.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Forward looking statements are based on the opinions and estimates
of management as of the date such statements are made, and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Denison to be materially different from those
expressed or implied by such forward-looking statements. Denison
believes that the expectations reflected in this forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be accurate and may differ materially
from those anticipated in this forward looking information. For a
discussion in respect of risks and other factors that could
influence forward-looking events, please refer to the factors
discussed in Denison's Annual Information Form dated March 24, 2016
under the heading "Risk Factors". These factors are not, and should
not be construed as being exhaustive. Accordingly, readers should
not place undue reliance on forward-looking
statements.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
The forward-looking information contained in this press release is
expressly qualified by this cautionary statement. Any
forward-looking information and the assumptions made with respect
thereto speaks only as of the date of this press release. Denison
does not undertake any obligation to publicly update or revise any
forward-looking information after the date of this press release to
conform such information to actual results or to changes in
Denison's expectations except as otherwise required by applicable
legislation.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="font-weight: bold">Cautionary Note to United States
Investors Concerning Estimates of Measured, Indicated and Inferred
Mineral Resources:</font> This press release may use the terms
&#x201C;measured&#x201D;, &#x201C;indicated&#x201D; and
&#x201C;inferred&#x201D; mineral resources. United States investors
are advised that while such terms are recognized and required by
Canadian regulations, the United States Securities and Exchange
Commission does not recognize them. &#x201C;Inferred mineral
resources&#x201D; have a great amount of uncertainty as to their
existence, and as to their economic and legal feasibility. It
cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of inferred mineral resources may not form the
basis of feasibility or other economic studies. United States
investors are cautioned not to assume that all or any part of
measured or indicated mineral resources will ever be converted into
mineral reserves. United States investors are also cautioned not to
assume that all or any part of an inferred mineral resource exists,
or is economically or legally mineable.</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
