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ONTARIO HYDRO HAS REJECTED DENISON'S MINES ESTIMATED BASE PRICE

 ONTARIO HYDRO HAS REJECTED DENISON'S MINES ESTIMATED BASE PRICE
 TORONTO, Dec. 23 /PRNewswire/ -- Denison Mines Limited announced that, today it has received notice that Ontario Hydro rejects its estimated base price for 1992 which was submitted Nov. 29, 1991. Denison reiterates that the estimated base price is valid under the terms of the contract and that it will, if necessary, go to arbitration as provided in the contract. Denison and Ontario Hydro expect to have discussions early in January 1992.
 -0- 12/23/91
 /CONTACT: Bill James, 416-865-1991 or 416-865-1993, for Denison/
 (DEN.) CO: Denison Mines Limited; Ontario Hydro ST: Ontario IN: MNG SU:


JT -- NY095 -- 5073 12/23/91 22:18 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:113
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