Denison Announces Board Appointments
Denison Mines Corp.
1100 – 40 University Ave
Toronto, ON M5J 1T1
www.denisonmines.com
@DenisonMinesCo
PRESS RELEASE
DENISON ANNOUNCES BOARD APPOINTMENTS
Toronto, ON – August 9, 2018 Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE
MKT: DNN) (NYSE American: DNN) is pleased to announ ce that David Cates, Jack Lundin, Moo Hwan
Seo, and Patricia Volker have been appointed to the Board of Directors of the Company. In connection
with, and in order to facilitate, the appointment o f the new Directors, the Company has accepted the
resignation of Kwang-Hee Jeong and Lukas Lundin.
Lukas Lundin, the Company’s outgoing Executive Chai rman, commented “I am pleased to welcome
several new Directors to the Company’s Board, inclu ding Denison’s President and CEO, David
Cates. Under David’s leadership, the Company has executed on its strategic plan to divest its non-
core international assets and position itself as the leading junior developer in the eastern Athabasca
Basin. Denison is the Lundin Group of Companies’ fl agship uranium investment, and we are
expecting tremendous growth ahead in this sector – especially now that we are seeing significant
supply cuts from the largest uranium producers, whi ch should fundamentally improve the
oversupply situation that has plagued the commodity for the last several years.
With that view in mind, as I step down from my form al duties as Chairman, I am delighted that one
of my sons, Jack Lundin, will be joining the Company at such an exciting time – serving as a Director
and representing the Lundin family interest at the Board level. Jack brings significant technical and
project development experience to the Company and w ill be a great asset to Denison as the
Company moves towards the development of its high-grade Wheeler River project.”
In addition to the changes in the members of the Co mpany’s Board of Directors, Catherine J.G. Stefan,
previously serving as the Company’s Lead Independent Director, has been appointed non-executive Chair
of the Board of Directors.
Newly Appointed Directors
Mr. David Cates
Mr. Cates was appointed President & CEO of Denison in 2015 and has served as both Vice President
Finance, Tax & Chief Financial Officer, and Directo r, Taxation during his tenure with the Company, whi ch
began in 2008. Mr. Cates is a Chartered Profession al Accountant (CPA, CA) and holds Master of
Accounting (MAcc) and Honours Bachelor of Arts (BA) degrees from the University of Waterloo. Mr. Cates
also sits on the board of directors of GoviEx Uranium Inc. (TSX-V: GXU), Skyharbour Resources Ltd. (TSX-
V: SYH), and the Canadian Nuclear Association (www.cna.ca).
Mr. Jack Lundin
Mr. Lundin has been involved in the natural resource industry his entire life through exposure to the various
Lundin Group companies and mentorship under Messrs. Lukas, Ian and the late Adolf Lundin. He began
his career in the sector working prospecting jobs a nd as a field technician on projects around the wor ld.
Since 2016, Mr. Lundin has been employed with Lundi n Gold Inc. (TSX: LUG), and currently holds the
position of Senior Mine Project Engineer, working on the construction of the Fruta del Norte gold project in
Ecuador. Mr. Lundin received a Bachelor of Science degree in Business Administration from Chapman
University, and a Master of Engineering degree in M ineral Resource Engineering from the University of
Arizona. Mr. Lundin also sits on the board of directors of NGEx Resources Inc. (TSX: NGQ).
Mr. Moo Hwan Seo
Based in South Korea, Mr. Seo is currently General Manager of the Global Business Division in the Global
Nuclear Business Department at Korea Hydro Nuclear Power (“KHNP”), a subsidiary of the Korea Electric
Power Corporation (“KEPCO”), with responsibility for coordinating KHNP’s overseas nuclear power plant
business. Mr. Seo started his career with KEPCO in 1992, and has held a variety of senior positions
involved in the commissioning of the Hanul and Shin -Hanul nuclear power plants and both the Overseas
Nuclear Business Team and International Cooperation Team. Mr. Seo has a Bachelor of Metallurgical
Engineering from Young Nam University. Under the t erms of the amended and restated strategic
relationship agreement between Denison and KHNP, Mr . Seo has replaced Mr. Jeong as the KHNP
nominee to sit on the Board of Directors of the Company.
Ms. Patricia M. Volker
Ms. Volker’s experience is highlighted by over ten years of experience with the Chartered Professional
Accountants of Ontario, the self-regulating body fo r Ontario’s Chartered Professional Accountants,
including the role of Director of Standards Enforce ment and the role of Director, Public Accounting, w hich
she held until her retirement on December 31, 2015. Ms. Volker served in various capacities in the
accounting profession during her 30+ year career, a nd brings a wealth of advisory, public accounting,
banking, and regulatory expertise to the Denison Bo ard. Ms. Volker also sits on the board and chairs the
audit committee of Labrador Iron Ore Royalty Corpor ation (TSX: LIF), as well as serves on the boards o f
other private company and organization boards, incl uding the volunteer board of directors of Ornge. Ms .
Volker is a Chartered Professional Accountant (CPA, CA, CMA) and holds a B.Sc. from the
University of Toronto.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin
region of northern Saskatchewan, Canada. In additio n to its 63.3% owned Wheeler River project, which
ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of
the Athabasca Basin region, Denison's Athabasca Basin exploration portfolio consists of numerous projects
covering approximately 357,000 hectares. Denison's interests in Athabasca Basin also include a 22.5%
ownership interest in the McClean Lake joint ventur e (“MLJV”), which includes several uranium deposits
and the McClean Lake uranium mill, which is current ly processing ore from the Cigar Lake mine under a
toll milling agreement, plus a 25.17% interest in the Midwest and Midwest A deposits, and a 65.45% interest
in the J Zone deposit and Huskie discovery on the W aterbury Lake property. Each of Midwest, Midwest A,
J Zone and Huskie are located within 20 kilometres of the McClean Lake mill.
Denison is also engaged in mine decommissioning and environmental services through its Denison
Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded
company which invests in uranium oxide and uranium hexafluoride.
For more information, please contact
David Cates (416) 979-1991 ext. 362
President and Chief Executive Officer
Sophia Shane (604) 689-7842
Investor Relations
Follow Denison on Twitter @DenisonMinesCo
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this press release constitutes "forward-looking information", within the meaning of the United States
Private Securities Litigation Reform Act of 1995 an d similar Canadian legislation concerning the busin ess, operations and financial
performance and condition of Denison. Generally, th ese forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects", "budget", " scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the
negatives and/or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "has the potential to". In particular, this press release c ontains forward-looking information
pertaining to the following: the Company’s expectations regarding the uranium industry and the actions of other developers and producers
in the sector and other market participants; plans and objectives for the Company’s projects, including development of the Wheeler River
Project; Denison’s percentage interest in its properties and its plans and agreements with its joint venture partners, as applicable; and the
directors’ role on and contribution to the board and other board appointments, including Mr. Cates’ role on the CNA Board and Executive
Committee and expectations with respect to the membership thereof.
Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they
are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements
of Denison to be materially different from those ex pressed or implied by forward-looking statements. D enison believes that the
expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove
to be accurate and may differ materially from those anticipated in this forward looking information. For a discussion in respect of risks and
other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated
March 27, 2018 under the heading "Risk Factors". These factors are not, and should not be construed as being exhaustive. Accordingly,
readers should not place undue reliance on forward-looking statements.
The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking
information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake
any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information
to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation .