24/7 Wall St.

Uranerz Energy Corporation (AMEX: URZ)announced that it will raise approximately $23.676 million (US Dollars) in funds via a brokered private placement of 4 million units and via a non-brokered private placement of 5.865 million units, including 5,465,000 to Denison Mines Corp. (AMEX: DNN) at a price of $2.40 (US Dollars) per unit. Denison will then own about 9.9% of Uranerz after completing the investment.

Each unit is comprised of one common share and one-half of one common share purchase warrant for a period of 24 months at an exercise price of US$3.50 per share.  The securities have not been and will not be registered.  These fall under Reg. D inside the U.S. and fall under Reg. S outside the US in offshore accounts.

Denison is also a uranium producer in the United States.  Net proceeds will be used for the following:

• to advance the 100% owned Nichols Ranch and Hank ISR properties whose license and permits were submitted in Q4-2007;
• complete an aggressive exploration drill program on the 81% owned Arkose Property, contiguous with Nichols Ranch and Hank;
• and for general working capital purposes.

Denison is a uranium producer with mining assets in the Athabasca Basin region of Saskatchewan, Canada and also in Colorado, Utah and Arizona. Denison also has a strong development portfolio with advanced stage projects in Zambia and Mongolia.

In US terms, Denison has a $1.6 Billion market cap and looks like it is profitable. Uranerz Energy has a $94 million market cap in U terms and is still in its early stages.

Jon C. Ogg
March 18, 2008