Denison Mines Corporation announced its financial results for the 3 months and 6 months ended June 30th 2010. All amounts in this release are in US dollars unless otherwise indicated.

Financial Highlights
1. Revenue was USD 27.2 million for the 3 months and USD 49.2 million for the 6 months ended June 30th 2010.
2. Net income was USD 16.7 million or USD 0.05 per share for the 3 months and USD 7.6 million or USD 0.02 per share for the 6 months ended June 30th 2010.
3. Cash flow from operations was USD 14.0 million for the 3 months and USD 14.4 million for the 6 months ended June 30th 2010.
4. At the period end, Denison was essentially debt free and had a cash balance of USD 22.0 million, working capital of USD 81.1 million and portfolio investments with a market value of USD 5.7 million.

Operating Highlights
1. Uranium production for the quarter totaled 528,000 pounds and vanadium production for the quarter totaled 911,000 pounds V2O5.
2. Uranium sales in the quarter were 417,000 pounds U3O8 at an average price of USD 45.56 per pound.
3. Vanadium sales in the quarter totaled 113,000 pounds V2O5 at an average price of USD 6.89 per pound. FeV sales totaled 238,000 pounds at an average price of USD 14.87 per pound.
4. Denison qualified its vanadium blackflake with US titanium alloy producer which confirms the high quality of Denison’s production.
5. At June 30th 2010, the Company had 636,000 pounds U3O8 and 757,000 pounds V2O5 and 45,000 pounds FeV in inventory available for sale. Based on current spot market prices at June 30th 2010, this inventory had a value of USD 31.9 million.
6. The Wheeler River exploration program successfully identified 2 new zones of mineralization and extended Zones A and B in the highly prospective Phoenix trend.
7. On May 7th 2010, Mr Tae Wan Kim was appointed to Denison’s board of directors.