Denison Announces Results of Shareholder Meeting & Appointment of Jennifer Traub as Board Chair
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Denison Mines Corp.
1100 – 40 University Ave
Toronto, ON M5J 1T1
www.denisonmines.com
PRESS RELEASE
Denison Announces Results of Shareholder Meeting
& Appointment of Jennifer Traub as Board Chair
Toronto, ON – May 9, 2024. Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML, NYSE
American: DNN) is pleased to report that the nominees listed in the management proxy circular dated March
28, 2024 (the “Circular”) for the A nnual General Meeting of Sharehol ders held in Toronto today (the
“Meeting”) were elected as directors of the Company.
David Cates, Director, President and CEO of Denison commented, “The Board and management of
Denison extend their sincere gratitude to Mr. Ron Hochstein, who did not stand for re-election at
the Meeting, for nearly 25-years of service on the Board since his appointment in 2000. As Director,
Board Chair, and the Company’s previous CEO, R on made countless invaluable contributions to
the strategic direction of the Company and devel opment of several members of the management
team. Under Ron’s oversight as Board Chair, Denison has emerged from an extended period of
challenging uranium markets with an incredibly exciting Saskatchewan-based project portfolio and
a team motivated to deliver on the development of the Company’s flagship Phoenix deposit. Ron
continues to have a significant ownership position in the Company and has graciously agreed to
serve the Company as an advisor to the Board in support of our efforts to develop Phoenix.
On behalf of the Board, I’m also pleased to announce the appointment of Ms. Jennifer Traub as the
Company’s new Board Chair. Jennifer is a partne r in the Securities Group, and Co-Chair of the
Mining Group, at Cassels Brock & Blackwell LLP and has been recognized as a legal leader in the
Canadian resource sector. Jennifer joined the Denison Board in 2021, contributing her dynamic
advisory and leadership experience to Denison’s governance, and the Board and management are
pleased she has agreed to this expanded role.”
All other items of business presented to its shareholders at the Meeting, as more particularly described in
the Circular, were approved. Detail ed results of the vote by proxy for the election of directors are set out
below.
Nominee Votes For % For Votes Withheld % Withheld
David Cates 384,833,396 99.58% 1,619,036 0.42%
Brian Edgar 383,841,473 99.32% 2,610,960 0.68%
Jong Ho Hong 385,348,85 2 99.71% 1,103,581 0.29%
David Neuburger 382,086,81 7 98.87% 4,365,616 1.13%
Laurie Sterritt 381,856,13 1 98.81% 4,596,301 1.19%
Jennifer Traub 371,577,66 6 96.15% 14,874,765 3.85%
Patricia Volker 381,607, 250 98.75% 4,845,181 1.25%
The Company has provided more details on the results of all matters considered at the Meeting in its Report
of Voting Results which has been filed under its pr ofile on SEDAR+ at www.sedarplus.ca and on EDGAR
at www.sec.gov/edgar.
About Denison
Denison Mines Corp. was formed under the laws of On tario and is a reporting issuer in all Canadian
provinces and territories. Denison’s common shares are listed on the Toronto Stock Exchange (the ‘TSX’)
under the symbol ‘DML’ and on the NYSE American exchange under the symbol ‘DNN’.
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Denison is a uranium mining, exploration and development company with interests focused in the
Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest
in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the
infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. In mid-2023,
the Phoenix Feasibility Study was completed for the P hoenix deposit as an ISR mining operation, and an
update to the previously prepared 2018 Pre-Feasibility Study was completed for Wheeler River’s Gryphon
deposit as a conventional underground mining operation. Based on the respective studies, both deposits
have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting
efforts for the planned Phoenix ISR operation commenced in 2019 and have advanced significantly, with
licensing in progress and a draft Environmental Impact Study submitted for regulatory and public review in
October 2022.
Denison’s interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint
Venture (‘MLJV’), which includes unmined uranium deposits (planned for extraction via the MLJV’s SABRE
mining method starting in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its
licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17%
interest in the Midwest Joint Venture’s Midwest Main and Midwest A deposits, and a 69.35% interest in the
Tthe Heldeth Túé (‘THT’) and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest
A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, the
Company has direct ownership interests in properties covering ~384,000 hectares in the Athabasca Basin
region.
Additionally, through its 50% ownership of JCU (Cana da) Exploration Company, Limited (‘JCU’), Denison
holds additional interests in various uranium project joint ventures in Canada, including the Millennium
project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).
In 2024, Denison is celebrating its 70th year in uranium mining, exploration, and development, which began
in 1954 with Denison’s first acquisition of mining claims in the Elliot Lake region of northern Ontario.
For more information, please contact
David Cates (416) 979-1991 ext. 362
President and Chief Executive Officer
Geoff Smith (416) 979-1991 ext. 358
Vice President Corporate Development & Commercial
Follow Denison on X (formerly Twitter) @DenisonMinesCo
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this news release constitutes ‘forward-looking information’, within the meaning of the applicable United
States and Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally,
these forward-looking statements can be identif ied by the use of forward-looking termi nology 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 news release c ontains forward-looking information pertaini ng to the following: Denison’s expectations with
respect to the Wheeler River project; the composition of the Denison Board; expectations regarding Denison’s joint venture ownership
interests and the continuity of its agreements with third parties.
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 c ause the actual results, level of activi ty,
performance or achievements of Denison to be materially different from those expre ssed or implied by such forward-looking
statements. Denison 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 resu lts may differ materially from those anticipated in this for ward
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 28, 2024 under the heading ‘Risk Factors’. These factors
are not, and should not be construed as being, exhaustive.
Accordingly, readers should not place undue re liance on forward-looking statements. The forward-looking information contained i n
this news 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 news release. Denison does not undertake any obligation to publicly update or revise
any forward-looking information after the date of this news rel ease to conform such information to actual results or to changes in
Denison's expectations except as otherwise required by applicable legislation.