<SEC-DOCUMENT>0001654954-17-000663.txt : 20170201
<SEC-HEADER>0001654954-17-000663.hdr.sgml : 20170201
<ACCEPTANCE-DATETIME>20170201124724
ACCESSION NUMBER:		0001654954-17-000663
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170201
FILED AS OF DATE:		20170201
DATE AS OF CHANGE:		20170201

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:		17563981

	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>FORM 6-K DATED FEBRUARY 1, 2017
<TEXT>
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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>
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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: 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>
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<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: February 1, 2017</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>
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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: 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>
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<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: 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>
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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;">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>
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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-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<font style="font-weight: bold;">:&#xA0;</font>
February 1, 2017</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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<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 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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<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>
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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;">&#xA0;&#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;">Description</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>
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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: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Press
release dated February 1, 2017</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a1702012017-01dmcannounce.htm
<DESCRIPTION>PRESS RELEASE DATED FEBRUARY 1, 2017
<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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www.denisonmines.com</font></div>
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@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
ANNOUNCES CAD$43.5M FINANCING</font></div>
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<font style="font-weight: bold"><font style="color: #000000; font-family: Times New Roman; font-size: 16px">ARRANGEMENT
WITH ANGLO PACIFIC GROUP PLC</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-family: Times New Roman">
Toronto, ON &#x2013; February 1, 2017</font> <font style="font-family: Times New Roman">Denison Mines Corp.
(&#x201C;Denison&#x201D; or the &#x201C;Company&#x201D;) (DML: TSX,
DNN: NYSE MKT) is pleased to announce that Denison Mines Inc.
(&#x201C;DMI&#x201D;) and</font> 9373721 Canada Inc.
(&#x201C;SPV&#x201D;), both of which are wholly owned subsidiaries of
the Company, have entered into definitive agreements with Anglo
Pacific Group PLC (&#x201C;APG&#x201D;) and/or its wholly owned
subsidiary Centaurus Royalties Ltd. (&#x201C;Centaurus&#x201D;) which
are expected to raise aggregate gross proceeds to Denison of
CAD$43,500,000 (the &#x201C;Financing&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Financing is comprised of (1) a 13-year limited recourse lending
arrangement involving a loan from APG to SPV (the &#x201C;APG
Loan&#x201D;) and a further loan from SPV to DMI (the &#x201C;SPV
Loan&#x201D;), each for CAD$40,800,000 (the &#x201C;Lending
Arrangement&#x201D;), and (2) CAD$2,700,000 in proceeds from the
sale, to Centaurus, of a stream equal to Denison&#x2019;s 22.5%
share of the proceeds from the toll milling of certain Cigar Lake
ore by the McClean Lake mill (&#x201C;Streaming Agreement&#x201D;).
Additional details are provided below.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Denison&#x2019;s
President &amp; CEO, David Cates, commented, &#x201C;<font style="font-style: italic">This Financing represents a truly creative
partnership between Denison and APG &#x2013; whereby Denison is able
to use its existing asset base to provide the Company with the
financial flexibility needed to advance our flagship Wheeler River
project towards a development decision. With recourse being limited
to the proceeds from Denison&#x2019;s interest in the toll milling
revenues from the processing of Cigar Lake ore at the McClean Lake
mill, this Financing allows Denison to benefit immediately from the
cash flow expected to be produced from the McClean Lake mill over
the next several years, without the overhang of a bullet payment or
convert at the end of a debt, and without selling its strategic
ownership stake in the McClean Lake mill or the McClean Lake Joint
Venture (&#x201C;MLJV&#x201D;).&#x201D;</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman">
Commenting on the Financing, Julian Treger, Chief Executive Officer
of APG, noted,</font> <font style="font-style: italic; font-family: Times New Roman">&#x201C;</font><font style="font-style: italic">This
transaction ticks all the boxes for APG and moves forward our
growth and diversification in a material way. The transaction
should be accretive to our 2017 income, building on the more than
doubling of income in 2016, which we now estimate to be in the
range of &#xA3;19.5m to &#xA3;20.5m, following receipt of the final
payment amount from Rio Tinto in respect of our Kestrel royalty. We
are looking forward to working in partnership with Denison, and are
pleased the structure of the transaction will facilitate its
continued development</font><font style="font-style: italic; color: #000000; font-family: Times New Roman">.&#x201D;</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Financing is expected to close in early February, and is
conditional upon APG obtaining sufficient financing. APG is a
publicly listed company, which trades on the London Stock Exchange
<font style="font-family: Times New Roman">(LSE: APF)</font> and on
the Toronto Stock Exchange (<font style="font-family: Times New Roman">TSX: APY)</font>, and has announced
(concurrently, with its own news release regarding the Financing)
that it will launch an accelerated equity placement book building
process, which is expected to close no later than 3:00PM (GMT)
today.</font></div>
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CAD$40,800,000 Lending Arrangement</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
proceeds from the APG Loan will be on-loaned by SPV to DMI under
the SPV Loan, and will be available for use by DMI and/or Denison,
as the Company continues to advance its 60% owned Wheeler River
uranium development project towards the completion of a
Pre-Feasibility Study (&#x201C;PFS&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Importantly,
the SPV Loan is limited in its recourse against DMI, such that it
is generally repayable only to the extent of Denison&#x2019;s share
of the toll milling revenues earned by the MLJV from the processing
of the first 215 million lbs U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>, from ore
received from the Cigar Lake mine on or after July 1, 2016, under
the terms of the current Cigar Lake Toll Milling Agreement (the
&#x201C;TMA&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The APG
Loan will accrue interest at a rate of 10% per annum, but does not
have a predetermined principal repayment schedule. The APG Loan is
secured by a first priority interest in the assets of SPV &#x2013;
which will essentially consist of the SPV Loan to DMI. The SPV Loan
will accrue interest at a rate of approximately 10% per annum, and
also does not have a predetermined principal repayment schedule.
Denison will guarantee the limited recourse loan repayments and
will grant a second ranking pledge of its shares of DMI to secure
performance by DMI of its obligations to pay the SPV Loan (on the
limited recourse basis described above). The share pledge is second
ranking to Denison&#x2019;s existing pledge of the shares of DMI to
The Bank of Nova Scotia (&#x201C;BNS&#x201D;) under the terms of its
CAD$24,000,000 Letters of Credit Facility</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(&#x201C;BNS
Facility&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Both
the APG Loan and the SPV Loan provide for regular payments against
accrued and capitalized interest and principal balances to the
extent payable in respect of Denison&#x2019;s share of the toll
milling revenue earned by the MLJV from the Cigar Lake
TMA.</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
CAD$2,700,000 Streaming Agreement</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Streaming Agreement entitles Centaurus to receive a stream from DMI
equal to the amount of the toll milling revenue received by DMI
under the TMA, once throughput from the McClean Lake mill exceeds
215&#xA0;million lbs U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>, from ore
received from the Cigar Lake mine, on or after July 1,
2016.</font></div>
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Other Financing Highlights</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">No Warranty of the
Future Rate of Production &#x2013; In addition to the limited
recourse nature of both the Lending Arrangement and the Streaming
Agreement, no warranty is provided by Denison, DMI or SPV to APG or
Centaurus regarding the future rate of production at the Cigar Lake
Mine and/or the McClean Lake mill, or the amount or collectability
of proceeds to be received or receivable by the MLJV in respect of
toll milling Cigar Lake ore.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Denison Retains
Ownership of its 22.5% Interest in the MLJV &#x2013; While the
Financing is limited in recourse to Denison&#x2019;s share of the
toll milling revenues earned from the MLJV from the processing of
Cigar Lake ores under the TMA, Denison continues to own its 22.5%
strategic interest in the MLJV, including the fully licensed and
operating McClean Lake uranium mill, which is situated in the
infrastructure rich eastern portion of the Athabasca Basin region
in northern Saskatchewan.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Potential for an
Additional CAD$2,124,808 in Proceeds from the Exercise of Warrants
&#x2013; In connection with the closing of the Financing, Denison
will grant 1,673,077 share purchase warrants, subject to receipt of
regulatory approvals (including the approval of the Toronto Stock
Exchange and the NYSE MKT), in satisfaction of a CAD$435,000
arrangement fee payable to APG. The warrants are expected to have
an exercise price of CAD$1.27 per share, and will be exercisable
for a period of 3 years immediately following the closing of the
Financing. As a result, Denison may receive a further CAD$2,124,808
in proceeds from the exercise of the warrants.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Amendment and
Extension of BNS Facility &#x2013; The terms of the BNS Facility
have been amended to reflect certain changes required to facilitate
an Intercreditor Agreement between APG, Centaurus, BNS, DMI and
SPV. Amongst those changes, BNS and DMI have agreed, on the closing
of the Financing, to replace a restrictive covenant to maintain
CAD$5,000,000 on deposit with BNS (under the previous BNS Facility)
with a pledge of CAD$9,000,000 in restricted cash or GIC&#x2019;s as
collateral. Under the amended BNS Facility, Denison will pay letter
of credit fees of 0.4% on the first CAD$9,000,000 (associated with
the restricted cash), and 2.4% on the remaining CAD$13,000,000 of
letters of credit issued under the facility. This is expected to
result in savings to Denison of approximately CAD$180,000 per annum
in letters of credit fees. In addition to the amendments, the
maturity date under the BNS Facility has been extended to January
31, 2018.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Use of Proceeds
&#x2013; The net proceeds of the Financing are expected to be used
to fund development and exploration expenditures at the
Company&#x2019;s projects and for general corporate and working
capital purposes.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Advisors &amp;
Counsel &#x2013; Denison's financial advisor in respect of the
Financing is Pareto Securities Limited, and its legal counsel is
Blake, Cassels &amp; Graydon LLP.</font></div>
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<font style="font-weight: bold">About Denison</font></font></div>
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<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 63.01% 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>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<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>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
For more information, please contact</font></div>
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<div><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">David
Cates</font></div>
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<div style="text-align: right"><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">(416) 979-1991 ext.
362</font></div>
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<div><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">President and Chief
Executive Officer</font></div>
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<div style="text-align: right"><font>&#xA0;</font></div>
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<div><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Sophia
Shane</font></div>
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<div style="text-align: right"><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">(604)
689-7842</font></div>
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<div><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Investor
Relations</font></div>
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<div><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Follow Denison on Twitter</font></font></div>
</td>
<td style="width: 50%">
<div style="text-align: right"><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">@DenisonMinesCo</font></font></div>
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<font style="font-weight: bold">Cautionary Statement Regarding
Forward-Looking Statements</font></font></div>
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Certain information contained in this press release constitutes
&#x201C;forward-looking information&#x201D;, 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.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as &#x201C;plans&#x201D;,
&#x201C;expects&#x201D;, &#x201C;budget&#x201D;,
&#x201C;scheduled&#x201D;, &#x201C;estimates&#x201D;,
&#x201C;forecasts&#x201D;, &#x201C;intends&#x201D;,
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negatives and/or variations of such words and phrases, or state
that certain actions, events or results &#x201C;may&#x201D;,
&#x201C;could&#x201D;, &#x201C;would&#x201D;, &#x201C;might&#x201D; or
&#x201C;will be taken&#x201D;, &#x201C;occur&#x201D;, &#x201C;be
achieved&#x201D; or &#x201C;has the potential to&#x201D;. In
particular, this press release contains forward-looking information
pertaining to the following: the Financing and its anticipated
completion, receipt of required regulatory approvals, the material
terms of the Financing, anticipated use of proceeds and
Denison&#x2019;s ability to derive the anticipated benefits
thereof.</font></div>
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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 there can be no assurance that such
statements 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 &#x201C;Risk
Factors&#x201D; in Denison&#x2019;s Annual Information Form dated
March 24, 2016 available under its profile at</font> www.sedar.com
<font style="font-style: italic">and in its Form 40-F available
at</font> www.sec.gov/edgar.shtml<font style="font-style: italic">.
These factors are not, and should not be construed as being,
exhaustive.</font></font></div>
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Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking information
contained in this press release is expressly qualified by this
cautionary statement. 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 its expectations except as otherwise
required by applicable legislation.</font></div>
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<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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