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Denison Announces Results of Shareholder Meeting

Shareholder Meetings

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Denison Mines Corp.

1100 – 40 University Ave

Toronto, ON M5J 1T1

www.denisonmines.com

@DenisonMinesCo

PRESS RELEASE

DENISON ANNOUNCES

RESULTS OF SHAREHOLDER MEETING

Toronto, ON – May 3, 2018 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE

American) is pleased to report that the nominees listed in the management proxy circular dated March 22,

2018 (the “Circular”) for the 2018 Annual General and Special Meeting of Shareholders held today in

Toronto (the "Meeting ") were elected as directors of the Company. Detailed results of the vote for the

election of directors are set out below.

Nominee Votes For % For Votes Withheld % Withheld

W. Robert Dengler 217,176,845 99.05% 2,088,378 0.95%

Brian D. Edgar 216,933,142 98.94% 2,332,081 1.06%

Ron F. Hochstein 172,033,712 78.46% 47,231,511 21.54%

Kwang Hee Jeong 217,455,474 99.17% 1,809,749 0.83%

Lukas H. Lundin 172,614,771 78.72% 46,650,452 21.28%

William A. Rand 217,146,375 99.03% 2,118,848 0.97%

Catherine Stefan 216,897,854 98.92% 2,367,369 1.08%

The Company is also pleased to report that all other items of business presented to its shareholders at

the Meeting, each as more particularly described in the Circular, were approved, including:

(a) Ratification and confirmation of the Company’s Share Unit Plan; and

Votes For % For Votes Against % Against

180,166,733 82.17% 39,087,722 17.83%

(b) Ratification and confirmation of the Previous Grant of Share Units under the Company’s Share

Unit Plan.

Votes For % For Votes Against % Against

183,983,499 83.91% 35,273,656 16.09%

The Company has provided more details on the results of all matters considered at the Meeting in its

Report of Voting Results filed under its profile on SEDAR at www.sedar.com and EDGAR at

www.sec.gov/edgar.

About Denison

Denison is a uranium exploration and development company with interests focused in the Athabasca

Basin region of northern Saskatchewan, Canada. In addition 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 353,000 hectares. Denison's interests in Athabasca Basin also

include a 22.5% ownership interest in the McClean Lake joint venture (“MLJV”), which includes several

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uranium deposits and the McClean Lake uranium mill, which is currently 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 64.22% interest in the J Zone deposit and Huskie discovery on the Waterbury 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