| Investing in Uranium | | | | upon an active exploration program at the McClean, |
| The price of Uranium has been extremely volatile | | | | Midwest, Wheeler River, Wolly, Waterfound and |
| over the past year from a high of just over $300 | | | | Mongolia properties. |
| (USD) per Metric Tonne in June of 2007 to a recent | | | | Denison also acts as manager for Uranium |
| low of $75 (USD) per Metric Tonne as of October 11, | | | | Participation Corporation. Uranium Participation |
| 2007. | | | | Corporation is a publicly traded company that is |
| This price drop has drastically affected major Uranium | | | | involved in the buying, holding and selling of uranium in |
| producers with some stock prices dropping by half. | | | | concentrates. |
| As the world commodity boom and demand for | | | | Further, Denison is engaged in mine decommissioning |
| energy continues to escalate, it is time to invest in | | | | and environmental services through its Denison |
| Uranium while stocks are extremely cheap to reap | | | | Environmental Services (DES) division. |
| the benefits of the rebound in Uranium prices. | | | | Uranium One Inc. (UUU): Currently trading at over a |
| Many analysts have stated that Uranium has hit a | | | | 22% discount to its 52 week high.. |
| bottom and is ready for a rally as Demand from | | | | Uranium One, Inc., formerly SXR Uranium One Inc., is |
| China, India and other expanding economies will | | | | engaged through its subsidiaries in the acquisition, |
| continue to drive prices higher. Investors thinking | | | | exploration and development of properties for the |
| about playing this scenario should look to Canada for | | | | production of uranium in South Africa, Australia, |
| Uranium investment opportunities as Canada is the | | | | Canada and the United States and gold in South |
| largest producer in the World. | | | | Africa. The Company owns 70% of the operating |
| As a result of the price slide in Uranium there are | | | | Akdala Uranium Mine in Kazakhstan and is also |
| many great bargains to invest capital. The following | | | | developing the South Inkai and Kharasan Uranium |
| investments may be appropriate for those who | | | | Projects in Kazakhstan. Uranium One owns the |
| believe in the long term appreciation of uranium | | | | Dominion Uranium Project in South Africa, as well as |
| prices: | | | | the Honeymoon Uranium Project in South Australia. In |
| Cameco (CCO): The stock is currently over 30% | | | | the United States, Uranium One has extensive |
| below its recent high in June. | | | | property holdings in Wyoming, Texas, Utah and New |
| Cameco is the worlds largest producer of uranium | | | | Mexico, including the Shootaring Canyon Mill and the |
| concentrates. Cameco Corporation (Cameco) is | | | | Hobson ISR facility. Uranium One is also engaged in |
| primarily engaged in the exploration for and the | | | | uranium exploration activities in the United States, the |
| development, mining, refining and conversion of | | | | Athabasca Basin of Saskatchewan, South Africa, |
| uranium for sale as fuel for generating electricity in | | | | Australia and the Kyrgyz Republic. |
| nuclear power reactors in Canada and other countries. | | | | Paladin Resources (PDN): Currently trading at of a |
| Its mines are principally located in the uranium-rich | | | | 40% discount to its 52 week high. |
| Athabaska basin in northern Saskatchewan. | | | | Paladin Resources is an Australian uranium exploration |
| The Company has a 31.6% interest in Bruce Power | | | | and development company. Paladin Resources Ltd |
| L.P. (BPLP), which operates the four Bruce B nuclear | | | | operates in the resource industry, with a principal |
| reactors in Ontario. The Company wholly owns | | | | business of evaluation and development of uranium |
| Zircatec Precision Industries, Inc., whose primary | | | | projects in Africa and Australia. Its wholly owned |
| business is the fabrication of nuclear fuel bundles. | | | | projects include the Langer Heinrich Uranium Project, |
| Cameco's 52.7% subsidiary Centerra Gold Inc. | | | | which is located in Namibia, Southern Africa, and |
| (Centerra) is involved in the exploration for and the | | | | hosts surficial, calcrete type uranium deposit; the |
| development, mining and sale of gold. Cameco has | | | | Kayelekera Uranium Project, which is located in |
| four segments: uranium, fuel services, nuclear | | | | northern Malawi, Southern Africa; the Manyingee |
| electricity generation and gold. In June 2006, the | | | | Uranium Project, which is located in the north west |
| Company acquired a 19.5% interest in UNOR Inc, | | | | of Western Australia, and hosts sandstone deposits, |
| whose principal properties are 226 mineral claims in | | | | and the Oobagooma Project, which is located in the |
| northwestern Nunavut on the Hornby Basin. | | | | West Kimberley region of Western Australia, and |
| Dension (DML): The stock is currently trading at over | | | | hosts sandstone deposits. Its joint venture with |
| a 60% discount from its 52 week high. | | | | Quasar Resources Pty Ltd covers two exploration |
| Denison Mines Corp. (Denison), formerly known as | | | | licenses in the northern Frome Basin in South |
| International Uranium Corporation, along with its | | | | Australia. |
| subsidiary companies and joint ventures is engaged in | | | | An investor that wants be diversified within Uranium |
| uranium exploration and production. The company's | | | | investments may want to consider investing in an |
| principal assets are a 22.5% interest in one of the | | | | investment vehicle such as The Uranium Participation |
| world's largest uranium facilities at McClean Lake in | | | | Corporation (which invests the majority of its assets |
| Northern Saskatchewan and a 25.17% interest in the | | | | in uranium. |
| Midwest Uranium Project. Denison also has embarked | | | | |