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A premier intermediate uranium producer in North America
Message: Announces the Appointment of James Gill as Chairman and Ron Hochstein as CEO
| May 20, 2009 |
| Denison Announces the Appointment of James Gill as Chairman and Ron Hochstein as CEO |
| TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Denison Mines Corp. (TSX:DML)(NYSE Amex:DNN) ("Denison" or the "Company") is pleased to announce the appointment of Dr. James Gill as Chairman of the Board of Denison and the appointment of Mr. Ron Hochstein as President and Chief Executive Officer. Dr. Gill has been directly involved in the mining business for almost 40 years, and his experience involves exploration, feasibility studies, mine development, mining operations, metal and concentrate marketing. Jim incorporated Aur Resources Inc. and was its President and CEO for 26 years until August 2007 when Aur was taken over by TeckCominco Ltd for $4.1 billion. He is a seasoned executive and director of a number of public resource companies. Dr. Gill is a graduate of McGill and Carlton Universities and holds a Ph.D. in economic geology. Jim will assume the position of Chairman of the Board, enabling him to take a leadership role in strategic planning aimed at building Denison into a leading company in the uranium business. His role will be principally related to the business development and growth aspects of Denison's business affairs. He will also assist the current management in optimizing the operating performance of Denison's current assets, and assist with investor relations. Dr. Gill, in conjunction with his appointment, will be purchasing 675,000 flow through shares of Denison at a price of $2.18 per share, subject to regulatory approvals. Mr. Lukas Lundin commented, "Jim is a true leader in the mining industry. His ability to execute his vision is well known and has earned him the respect of his peers. His depth of knowledge and experience coupled with his entrepreneurial drive will add great value to the Company. I'm very pleased to have Jim at the helm." Ron Hochstein, was previously President and Chief Operating Officer of the Company and has been with the Company for nearly ten years. About Denison Denison Mines Corp. is a premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four conventional uranium mills operating in North America today. Denison also has a strong exploration and development portfolio with large land positions in the United States, Canada, Mongolia and Zambia. |
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