White Canyon Uranium Limited

White Canyon Uranium Limited

January 24, 2011 13:18 ET

White Canyon Uranium Ltd.: Daneros Milling Yields 204,450 Pounds of U308

- 0.28% Average Grade of ore

- 94.06% Recovery Rate

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2011) - White Canyon Uranium Ltd (TSX VENTURE:WU)(ASX:WCU) is pleased to announce the results of the first milling of ore from the Daneros mine completed under a toll milling agreement with Denison Mines' (TSX:DML)(NYSE Amex:DNN) White Mesa Mill.

A total of 39,289 tons (35,635 tonnes) of ore was milled over the period November 1, 2010 through December 10, 2010. Mike Bynum, White Canyon Chief Executive Officer stated "We are pleased with the overall results of the first milling run of Daneros ore. The grade was in line with our expectations and the expense to recover the U3O8 was less than we had budgeted which was an added bonus. Production is continuing at the Daneros Mine and we have already stockpiled 9,000 tons of ore for our next mill run in 2011."

About White Canyon

White Canyon Uranium Ltd is a Perth, Western Australia based company focused on acquisition, exploration, and development of uranium producing properties. The company's U.S. operations are headquartered in Moab, Utah and comprise multiple mining tenements covering approximately 15,500 acres in Southern Utah.

About Denison Mines Inc.

Denison Mines Corp. is a mid-sized 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.

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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