Denison Reports 3.7% eU3O8 Over 3.9 Metres From Initial Follow Up Drilling at New High-Grade Basement Uranium Discovery at Waterbury Lake

Denison Mines (“Denison” or the “Company”) (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to report that drill hole WAT17-446A returned a mineralized interval of 3.7% eU₃O₈ over 3.9 metres (from 305.7 to 309.6 metres), including 7.8% eU₃O₈ over 1.8 metres (from 307.0 to 308.8 metres).
Drill hole WAT17-446A was the fourth hole completed as part of the summer 2017 drilling program at the Waterbury Lake property and was drilled approximately 50 metres along strike to the west of WAT17-443, which intersected 1.1% eU₃O₈ over 0.8 metres.
Today’s news is highlighted by the following:

• Results from drill hole WAT17-446A represent a significant increase in the thickness and grades of the previous high-grade uranium intersections reported from drill hole WAT17-443;
• High-grade uranium mineralization has now been intersected 50 metres along strike to the west of the result previously reported in drill hole WAT17-443;
• The east-west trend targeted by the Waterbury Lake summer drilling program remains open in all directions and follow-up drilling on an approximate 50 x 50 metre spacing is ongoing; and
• In response to the results returned to date, the number of drill holes expected to be completed, as part of the summer 2017 drilling program, has been increased by 50% to 9 drill holes, from an original plan of 6 drill holes.

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