McCLEAN LAKE

Denison Mines Corp. announced its financial results for the three months and nine months ended September 30, 2010. Highlights include a net loss for the period of US$9.521 million compared with a net loss of US$91.343 million in the comparable period last 2009.

Denison Mines announced the financial and operational results for Q1 2010 period ended March 31, 2010. Highlights for Q1 include; revenue of US$22 m, net loss of US$9.1 m (US$0.03 per share). The cash flow from operations was US$357,000 for the 3 months ended March 31, 2010. At period end the company was debt-free and had a cash balance of US$13 m, working capital of US$71 million and portfolio investments with a market value of US$13,023,000. In addition, the company produced 307,000 pounds uranium in Q1 2010.

Denison Mines announced that its 2010 operating plan and budget is expected to results in the sale of 1.8 million pounds of U3O8, operating cash flow from mining activities of $19.5 million and net cash flow of $1.0 million. Denison's production in 2009 was 1.4 million pounds U3O8 and 501,000 lbs V2O5 from its US operation and its 22.5% share of production from the McClean Lake operation in Canada.