Denison Mines Closes Bought Deal Financing

On January 27, 2009, Denison Mines Corp. closed its bought deal financing of 28,750,000 common shares, of which 3,750,000 common shares were issued pursuant to the exercise in full of an over-allotment option granted to the underwriters, at $1.65 per common share, for gross proceeds of $47,437,500.

The syndicate of underwriters was co-led by Cormark Securities Inc. and GMP Securities L.P., and included CIBC World Markets Inc., Raymond James Ltd., Scotia Capital Inc. and Dundee Securities Corporation.

Blake, Cassels & Graydon LLP acted for Denison with a team that included Kevin Long, Dan McLeod, Cam Proctor and Gordon McKenna (securities) and Wanda Rumball (tax).

Cassels Brock & Blackwell LLP acted for the underwriters with a team that included John Vettese, Greg Hogan, Jay King and Angela Chu (securities) and Chris Norton (tax).