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Company Description

Contact Info

Atrium on Bay

Suite 402

595 Bay Street

Toronto, ON M5G 2C2


Phone: 416-979-1991

Fax: 416-979-5893

Denison Mines Corp. engages in the exploration and development of uranium. The company’s primary assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits in northern Saskatchewan; 25.17% interest in the Midwest uranium project, including the Midwest and the Midwest A deposits in northern Saskatchewan; 60% interest in the Wheeler River project, which includes the Phoenix deposits; and a portfolio of exploration and development property interests in the Athabasca Basin, including Moore Lake (100%), Hatchet Lake (50%), Park Creek (49%), Bell Lake (100%), and Wolly (22.5%). The company also has an equity interest in International Enexco Limited, a junior exploration company who is a party to the Mann Lake Joint Venture (30%). Beyond Canada, the company has an interest in mineral exploration properties in Mongolia and owns the Mutanga uranium project in southern Zambia. It has completed mineral resources estimates on its properties in both of these countries. Some of the company’s Canadian uranium exploration properties are held directly by the company or indirectly through Denison Mines Inc. (DMI). DMI is a wholly-owned subsidiary of the company. It holds a 22.5% interest in the McClean Lake project and a 25.17% interest in the Midwest project, both of which are operated by its joint venture partner, AREVA Resources Canada Inc. (ARC), a subsidiary of the AREVA Group. DMI also holds a 60% interest in, and is the operator of the Wheeler River project, host of the Phoenix deposits, as well as some other Canadian properties. The company’s interest in the Gurvan Saihan Joint Venture (GSJV) in Mongolia is held through Denison Mines (Mongolia) Ltd, which is wholly owned by Denison Mines (Bermuda) I Ltd., a wholly-owned subsidiary of the company. The company’s Mutanga project in Zambia is held through a wholly-owned subsidiary of OmegaCorp Limited, which in turn, is a wholly-owned subsidiary of the company. Operations McClean Lake McClean Lake includes various uranium deposits and a conventional mill and is located on the eastern edge of the Athabasca Basin in northern Saskatchewan. McClean Lake consists of nine known ore deposits, five of which have been mined out with some of the ore still stockpiled on the surface. The McClean Lake surface lease covers an area of approximately 3,677 hectares. Midwest The Midwest project is located near South McMahon Lake approximately 15 kilometers from the McClean Lake mill. The site is approximately 750 kilometers north of Saskatoon. The mineral property consists of 3 contiguous mineral leases covering an area of 1,426 hectares. The Midwest surface lease covers an area of approximately 646 hectares. Wheeler River Property The Wheeler River Joint Venture consists of 19 unsurveyed mineral claims totaling 11,720 hectares in northern Saskatchewan. The Phoenix deposit lies within the Wheeler River property located along the eastern edge of the Athabasca Basin in northern Saskatchewan and is located approximately 35 kilometers north-northeast of the Key Lake mill and 35 kilometers southwest of the McArthur River uranium mine. Mongolia: GSJV The GSJV holds four exploration licenses that are obtained under an agreement with the Government of Mongolia. The GSJV licenses have an area of 167,260 hectares and are located in the South Gobi region of Mongolia. Mutanga Project, Zambia Mutanga includes the Mutanga, Dibwe, and Dibwe East deposits plus various exploration areas. Mutanga is located in a sparsely populated region in southern Zambia, in the Siavonga District of the Southern Province, approximately 200 kilometers south of the nation’s capital, Lusaka. Mutanga includes 2 mining licenses (13880-HQ-LML and 13881-HQ-LML), including 457.3 square kilometers. Waterfound Property The Waterfound property, which is operated by ARC and in which the company has a 15% interest, is a deeper project with depths to the unconformity in the range of 450 to 550 meters. Wolly Property The Wolly uranium exploration project is a large and well located property which surrounds the McClean Lake uranium operations and comprise

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