<SEC-DOCUMENT>0001654954-18-000176.txt : 20180108
<SEC-HEADER>0001654954-18-000176.hdr.sgml : 20180108
<ACCEPTANCE-DATETIME>20180108135521
ACCESSION NUMBER:		0001654954-18-000176
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180104
FILED AS OF DATE:		20180108
DATE AS OF CHANGE:		20180108

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:		18515902

	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 JANUARY 8, 2018
<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: January 8, 2018</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>
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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;">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><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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<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> January
8, 2018</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><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 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 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>
</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>
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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><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>
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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 January 4, 2018</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a1801042018-01dmcpfsteamv.htm
<DESCRIPTION>PRESS RELEASE DATED JANUARY 4, 2018
<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>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
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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 STANTEC &amp; ENGCOMP TO LEAD</font></div>
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<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 16px">PRE-FEASIBILITY
STUDY FOR WHEELER RIVER PROJECT AND PROVIDES UPDATE ON STATUS OF
GRYPHON RESOURCE ESTIMATE</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; January 4, 2018</font> <font style="font-family: Times New Roman">Denison Mines Corp.
(&#x201C;Denison&#x201D; or the &#x201C;Company&#x201D;) (TSX: DML)
(NYSE MKT: DNN) (NYSE American: DNN) is pleased to announce that it
has retained Stantec Consulting Inc. (&#x201C;Stantec&#x201D;)
and</font> ENGCOMP Engineering and Computing Professionals Inc.
(&#x201C;ENGCOMP&#x201D;) to lead and author the Pre-Feasibility
Study (&#x201C;PFS&#x201D;) for the Wheeler River project, which is
the largest undeveloped high-grade uranium project in the
infrastructure rich eastern portion of the Athabasca Basin region
in northern Saskatchewan.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">In
addition to the Company's in-house project development team,
Denison has assembled a group of leading engineering and consulting
firms, with mine development, metallurgical, and environmental
experience applicable to the development of a large-scale uranium
mining operation in northern Saskatchewan, to support the
completion of the PFS for the Wheeler River project.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Wheeler River PFS team includes:</font></div>
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<div style="text-align: justify; display: table-cell"><font style="text-decoration: underline; font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Stantec &amp; ENGCOMP</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">These
firms have been assigned responsibility for authoring the PFS in
accordance with NI 43-101, including completion of the level of
engineering design required to assemble a Class 4 capital cost
estimate, project schedule, and an evaluation of infrastructure
services and systems required for the development of a mining
project in northern Saskatchewan. The work is planned to be managed
primarily from Saskatoon and Sudbury, and is expected to leverage
Stantec&#x2019;s experience and track-record of executing all phases
of mining studies and development, as well as ENGCOMP&#x2019;s
experience in Saskatchewan with heavy industrial projects in
uranium and potash mining.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Hatch Ltd. (&#x201C;Hatch&#x201D;)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Hatch
has been assigned responsibility for the mineral processing scope
of the PFS, which is expected to include the development of an
appropriate process design criteria for the recovery of uranium
from the Gryphon and Phoenix deposits, as well as carrying out a
capacity review of Denison&#x2019;s 22.5% owned McClean Lake mill
and developing various mineral processing inputs into the overall
PFS. In completing this work, Hatch is expected to leverage its
previous experience with the McClean Lake mill
facility.</font></div>
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<div style="text-align: justify; display: table-cell"><font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Denison Environmental Services (&#x201C;DES&#x201D;)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Throughout the
course of the PFS, DES has been assigned responsibility for
managing the on-going environmental baseline data collection and
regulatory aspects of the project to ultimately support the federal
and provincial environmental assessment processes. DES is expected
to leverage its experience working with the Canadian Nuclear Safety
Commission, as a uranium facility operator for the Company&#x2019;s
reclaimed uranium mine sites in Elliot Lake, Ontario.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
purpose of the PFS is to establish the best economic options for
the development of Wheeler River&#x2019;s Gryphon and Phoenix
deposits into a large scale, low cost uranium mining operation. In
addition to focusing on project economics, the Company&#x2019;s
development team is committed to addressing the challenge of
sustainability &#x2013; ensuring the Wheeler River project is able
to deliver value to the Company&#x2019;s shareholders, while
simultaneously providing economic and social benefits to impacted
communities and minimizing its environmental footprint and
impact<font style="font-style: italic">.</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Update on Status of Gryphon Resource Estimate</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">On
September 12<font style="font-size: 70%; vertical-align: top">th</font>, 2017, the Company
announced a significant increase to the summer 2017 exploration
drilling program at Wheeler River, which necessitated the
continuation of exploration activities, in the vicinity of the
Gryphon deposit, through to late October. On November
27<font style="font-size: 70%; vertical-align: top">th</font>,
2017, the Company announced assay results from the 64 drill holes
completed during the summer drilling program. The results were
highlighted by 91% of drill holes intersecting significant uranium
mineralization, leading to considerable geological interpretation
and review ahead of the completion of an updated estimate of
mineral resources for the Gryphon deposit. The updated estimate is
expected to incorporate the results from an additional 141 drill
holes completed at Gryphon since the maiden mineral resource
estimate for the deposit was completed in late 2015. Work towards
the completion of an updated estimate of mineral resources for the
Wheeler River project is expected to continue during the first
quarter of 2018.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
updated estimate of indicated mineral resources for the Wheeler
River project is an important part of the PFS process. While the
Company is currently targeting completion of the PFS by mid-2018,
the timing of the PFS will ultimately be contingent on various
factors, which includes the timing of the completion of the updated
estimate of the mineral resources.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
About Wheeler River</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Wheeler River is the largest undeveloped high-grade uranium project
in the infrastructure rich eastern portion of the Athabasca Basin
region, in northern Saskatchewan. The project is a joint venture
between Denison (60% and operator), Cameco Corp.
(&#x201C;Cameco&#x201D;) (30%), and JCU (Canada) Exploration Company
Limited (&#x201C;JCU&#x201D;) (10%), and is host to the high-grade
Gryphon and Phoenix uranium deposits discovered by Denison in 2014
and 2008, respectively.</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
On April 4th, 2016, Denison announced the results of a Preliminary
Economic Assessment (&#x201C;PEA&#x201D;) 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% 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). Exploration results
from the subsequent drilling programs have not been incorporated
into the resource estimate or the PEA. <font style="color: #000000; font-family: Times New Roman">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> On
July 19th, 2016 Denison announced the initiation of a
Pre-Feasibility Study ("PFS") for the Wheeler River property and
the complimentary commencement of an infill drilling program at the
Gryphon deposit.</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
As previously announced on January 10, 2017, Denison has entered
into an agreement with its Wheeler River Joint Venture partners,
Cameco and JCU, to fund 75% of Joint Venture expenses in 2017 and
2018 (ordinarily 60%) in exchange for an increase in Denison's
interest in the project to up to approximately 66%. Under the terms
of the agreement, Cameco will fund 50% of its ordinary 30% share in
2017 and 2018, and JCU is expected to continue to fund its 10%
interest in the project.</font></div>
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<font style="font-weight: bold"><font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
About Denison</font></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 a uranium exploration and development company with
interests focused in the Athabasca Basin region of northern
Saskatchewan, Canada. In addition to 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 approximately 347,000 hectares in the Athabasca
Basin region, including 327,000 hectares in the infrastructure rich
eastern portion of the Athabasca Basin. Denison's interests in
Saskatchewan also include a 22.5% ownership interest in the McClean
Lake joint venture (&#x201C;MLJV&#x201D;), 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 and
Midwest A deposits, and a 64.22% interest in the J Zone deposit and
Huskie discovery on the Waterbury Lake property. Each of Midwest,
Midwest A, J Zone and Huskie are located within 20 kilometres of
the McClean Lake mill.</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><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><font>&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Sophia
Shane</font></div>
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<div><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>
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<div><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="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="font-weight: bold">Cautionary Statement Regarding
Forward-Looking Statements</font></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">
Certain information contained in this press release constitutes
"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>
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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-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", "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 "has the potential to". In particular,
this press release contains forward-looking information pertaining
to the following: exploration (including drilling) and evaluation
activities, plans and objectives; the results of Denison&#x2019;s
PEA; plans and objectives with respect to updating its resource
estimates and preparing a PFS; and Denison&#x2019;s percentage in
its properties and its plans and agreements with its joint venture
partners, as applicable. 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>
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<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 forward-looking statements. Factors, such
as environmental impacts, stakeholder approvals, and capital needs
can significant alter plans and achievements. 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 23, 2017 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>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; 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>.</font></div>
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<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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