White Canyon Uranium Limited

White Canyon Uranium Limited

October 14, 2010 15:46 ET

White Canyon Uranium Limited Finalizes Sales Agency Agreement with Denison Mines Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Utah based uranium producer, White Canyon Uranium Limited (TSX VENTURE:WU)(ASX:WCU) ("White Canyon" or "the Company") is pleased to announce that it has entered into a "Sales Agency Agreement" with Canadian based Denison Mines Corp. ("Denison"), to handle the sale of White Canyon's concentrate from its 100% owned Daneros Mine. It is anticipated that sales could commence as early as December 2010.

This milestone is ahead of the Company's previous production plan. The Company began mining ore in 2009 after receiving the first mining permit issued in Utah in 30 years. Denison's White Mesa Mill is expected to commence toll milling of the Company's ore in the coming weeks.

Denison Mines Corp. is a diversified, intermediate uranium producer and operates the only Uranium/vanadium mill in the United States, the White Mesa Mill, near Blanding Utah.

About White Canyon Uranium:

White Canyon listed in March 2008 as an advanced uranium exploration company holding 100% interest in the advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects in south-east Utah, comprising of approximately 15,500 acres of mining claims and mineral leases. The projects contain JORC (NI 43-101) defined high grade uranium deposit. White Canyon entered the ranks of uranium producers in December 2009 with first production from the Daneros mine.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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