DML Denison Mines Inc

Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN)(NYSE Amex:DNN) ("Denison") is
pleased to announce the closing of its previously announced acquisition of the
outstanding common shares of JNR Resources Inc. ("JNR"). The transaction was
completed pursuant to a plan of arrangement (the "Arrangement") in accordance
with the Business Corporations Act (British Columbia), which was approved by the
British Columbia Supreme Court yesterday. Securityholders of JNR approved the
Arrangement on January 28, 2013. All conditions of closing have now been
satisfied by both parties.


Pursuant to the Arrangement, the former shareholders of JNR will receive, for
each JNR common share held, 0.073 of a Denison common share (the "Exchange
Ratio"). All of the outstanding options and common share purchase warrants of
JNR are exchanged for options and warrants to purchase common shares of Denison
and are exercisable to acquire that number of common shares of Denison and at an
exercise price determined by reference to the Exchange Ratio.


With the completion of the Arrangement, JNR common shares have now ceased
trading on the TSX Venture Exchange and are expected to cease to be listed on
the TSX Venture Exchange shortly. JNR will also apply to cease to be a reporting
issuer under the securities laws of British Columbia and Alberta.


For shareholders and warrantholders who held their JNR shares or warrants
through a broker, the issuance of Denison common shares in exchange for JNR
common shares and Denison warrants in exchange for JNR warrants will be
processed through their broker. Registered shareholders and warrantholders of
JNR must deposit their JNR common share or warrant certificates with
Computershare Investor Services Inc., as depository, with a validly completed
letter of transmittal, in order to receive their Denison common shares and
replacement Denison warrants. A letter of transmittal was mailed to registered
shareholders and warrantholders in early January 2013. Details of the required
process are set forth in JNR's management information circular dated December
17, 2012, a copy of which is available under JNR's profile at www.sedar.com and
in Denison's registration statement on Form-80 (File No. 333-185906) filed with
the U.S. Securities and Exchange Commission at www.sec.gov.


Any questions regarding the exchange of JNR common shares for Denison common
shares, including any request for another letter of transmittal, should be
directed to your broker, if applicable, or the depositary, Computershare
Investor Services Inc., via telephone at 1 (800) 564-6253. Details of the
Arrangement were contained in JNR's management information circular and in
Denison's registration statement on Form-80 (File No. 333-185906) filed with the
U.S. Securities and Exchange Commission at www.sec.gov.


About Denison Mines Corp.

Denison Mines Corp. is a uranium exploration and development company with
interests in exploration and development projects in Saskatchewan, Zambia and
Mongolia. Including the world class Phoenix deposits, located on its 60% owned
Wheeler River project, Denison's exploration project portfolio includes 26
projects and totals over 330,000 hectares in the Eastern Athabasca Basin region
of Saskatchewan. Denison's interests in Saskatchewan also include a 22.5%
ownership interest in the McClean Lake Joint Venture, which includes several
uranium deposits and the McClean Lake uranium mill, one of the world's largest
uranium processing facilities, and a 25.17% interest in the Midwest deposit,
which is located 15 kilometres from the McClean Lake mill. Internationally,
Denison owns 100% of the conventional heap leach Mutanga project, in Zambia, and
an 85% interest in the in-situ recovery projects held by the Gurvan Saihan Joint
Venture, in Mongolia.


Denison is engaged in mine decommissioning and environmental services through
its Denison Environmental Services (DES) division and is the manager of Uranium
Participation Corporation (TSX:U), a publicly traded company which invests in
uranium oxide in concentrates and uranium hexafluoride. 


Additional information about Denison is available on Denison's website at
www.denisonmines.com or under its profile on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Denison Mines Corp.
Ron Hochstein
President, CEO & Director
(416) 979-1991, ext. 232


Denison Mines Corp.
Sophia Shane
Investor Relations
(604) 689 - 7842
www.denisonmines.com

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