Denison Mines Corp.

Denison Mines Corp.

January 23, 2007 13:30 ET

Denison Files Bidder's Statement to Acquire OmegaCorp Limited

TORONTO, ONTARIO--(CCNMatthews - Jan. 23, 2007) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML) is pleased to announce that the Company has today lodged a Bidder's Statement with the Australian Securities and Investment Commission in connection with Denison's offer to acquire all of the issued and outstanding shares of OmegaCorp Limited ("OmegaCorp") (ASX:OMC) which was announced on December 5, 2006. Under the terms of the offer:

1) each OmegaCorp shareholder will receive AU$1.10;

2) the offer opens on February 1, 2007; and

3) the offer closes at 5:00 pm (Central Australian Time) on February 28, 2007.

The directors of OmegaCorp stated in an announcement on the Australian Stock Exchange on December 6, 2006 that they unanimously recommend that OmegaCorp shareholders accept the Company's offer in the absence of a superior offer.

A copy of the Bidder's Statement is available on

Denison Mines Corp. is the 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 uranium mills operating in North America today. The combination of a diversified mining asset base with parallel ownership of milling infrastructure in highly politically stable jurisdictions has uniquely positioned the Company for growth and development into the future. The Company also has a strong exploration portfolio with large land positions in the United States, Canada and Mongolia. Correspondingly, the Company has one of the largest uranium exploration teams among intermediate uranium companies.

Contact Information

  • Denison Mines Corp.
    E. Peter Farmer
    (416) 979-1991 ext. 231
    Denison Mines Corp.
    Ron Hochstein
    (604) 689-7842
    Denison Mines Corp.
    James Anderson
    (416) 979-1991 ext. 372
    (416) 979-5893 (FAX)