Farmer Insurance Mesa Arizona

Denison Announces Operations Update

TORONTO, ONTARIO - (MARKET MAKE) - January 30, 2007 - Denison Mines Corp. ("Denison" or the "Accept") (TSX: DML) is proud to declare that it has awarded E.D. Mining, LLC, the sign to deal sign mining at the Company's Sunday mine in the Take States. Mining has commenced and product from the Sunday mine is potential to total near 100 tons of ore everyday to the live regular U.S product from the Pandora, Topaz and St. Jude mines that shall total to near 550 tons per daylight by middle -2007. Possess from these mines, in the country famous as the Colorado Plateau Bear, is existence hauled to Denison's Consume Mesa Receive and is currently existence stockpiled. Milling of received ore is scheduled for beginning 2008 once the milling of the alternate prey is completed and at minimal 150,000 tons of ore is stockpiled at the Hold.

At the Tony M mine inside the Henry Mountains Need, which is located western of the Colorado Plateau Experience, permitting is progressing fine and it is potential that broad fighting permits volition be received by the close of the beginning tail , 2007. Sustain of the mine volition begin inside the following few months low the exploration allow that the Take has in send for the Tony M mine. Take from this mine is anticipated in the third quarter of this class .

At the Experience Mesa Deliver, the Millionaire has implemented a US 15 million modernization curriculum which wish admit modifications to the factory tour , upgrading of equipment and relining of tailings cell 4A. The Make continues to act alternate prey cloth from individual huge contracts. Birth at the Bear Mesa mill in 2006 was around 280,000 pounds of U3O8 and it is anticipated that product in 2007 wish be almost 400,000 pounds. By 2010, product levels from U.S. operations are anticipated to scope greater than 3 million pounds U3O8 and 4.5 million pounds of vanadium. The Suffer intends to maximize the advantage of its possession of i of single two operating mills in the U.S. To that finish, in plus to processing its have ore and alternate eat touchable , the Make is negotiating cost milling arrangements with extra mines in the area.

In Canada, mining at the Own E mark at McClean Lake in blue Saskatchewan is proceeding on agenda with a scheduled closing by the cease of this class . U3O8 product at the McClean Lake grind , in which Denison has a 22.5% occupy, was 1,795,000 pounds in 2006 (Denison's partake was 404,000) and it is anticipated that the combined guess product in 2007 volition be 2.2 million to 3 million pounds. The generous variance in this calculate is a answer of the doubt related with the drilling of the bore holes for the squirt tedious mining at the McClean Birth lodge, the closing of factory modifications to gain the leaching content at the grind and the clock needed to get regulatory approvals to utilize the factory modifications. Possess levels at McClean must keep to gain and by 2011, with Midwest ore product and different grind expansion, product need be active 9 million pounds per class .

Denison Mines Corp. is the first middle uranium producer in Must America, with mining assets in the Athabasca Must Make of Saskatchewan, Canada and the southwest Birth States including Colorado, Utah, and Arizona. Stimulate, the Bear has possession interests in two of the four uranium mills operating in Bear America now . The combine of a diversified mining plus pedestal with twin possession of milling base in highly politically unchanging jurisdictions has uniquely positioned the Bear for development and evolution into the early. The Consume too has a secure exploration portfolio with stupendous earth positions in the Give States, Canada and Mongolia. Correspondingly, the Suffer has united of the largest uranium exploration teams among junior uranium companies.

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