Sales of Canadian production were 98,000 pounds U3O8 at an averageprice of $49.91 per pound. Amortization of the fair value incrementrelated to the DMI sales contracts totaled $528,000 for the quarter.Reported revenue is also impacted by the effect of foreign currencytranslation.Uranium sales revenue in the 2008 period totaled $16,178,000 from thesale of 50,000 pounds U3O8 from U.S. Sales from U.S.production were 225,000 pounds U3O8 at an average price of $66.03 perpound. The MOU alsostipulates that entities nominated by or affiliated with Denison'schairman and interim CEO, Lukas Lundin, will acquire 15 million commonshares for additional gross proceeds of CDN$19.5 million.RevenueUranium sales revenue for the quarter was $20,338,000.

The MOU provides that Kepco will execute aproposed offtake agreement to purchase 20% of Denison's U3O8 productionand acquire by private placement approximately 58 million common sharesof Denison for gross proceeds of CDN$75.4 million. Indicated resources are estimatedat 8.1 million pounds U3O8 and inferred resources at 2.8 million poundsU3O8.- Subsequent to the quarter Denison announced that it had entered into anon-binding memorandum of understanding ("MOU") with Korea Electric PowerCorporation ("Kepco"). It also announced that conventional ore processing at theWhite Mesa mill will cease once sufficient volumes have been produced tomeet the current year's sales commitments of 500,000 pounds U3O8. Furthermill production from conventional ore is dependant on the signing of newcontracts.- Denison announced that Peter Farmer was stepping down as CEO effectiveApril 30, 2009.- Denison announced an updated NI 43-101 resource estimate on its Tony Mand Southwest deposits which are part of the Company's Henry MountainsComplex located in southeastern Utah. Measured and indicated resources are estimated at 2.0 and 5.8million pounds U3O8 and inferred resources exceed 13.0 million poundsU3O8.- Denison announced it was placing the Rim and Sunday mines on temporarystand-by until uranium prices improve or new sales contracts arenegotiated. TORONTO, ONTARIO, May 13 (MARKET WIRE) -- Denison Mines Corp. ("Denison" or the "Company") (TSX: DML)(NYSE Amex:DNN) today reported its financial results for the three months endedMarch 31, 2009 All amounts in this release are in U.S dollars unlessotherwise indicated.

The Companyis under no obligation to modify or update any or all of the statements it hasmade herein despite any subsequent changes the Company may make in its views,estimates, plans or outlook for the future.DefinitionsEBITDA and Adjusted EBITDA are non-GAAP measurements we believe gauge ourliquidity and operating performance.The Company's definitions andcalculations of EBITDA and Adjusted EBITDA are outlined in the attachedschedules.TRUE TEMPER SPORTS, INC. AND SUBSIDIARIES(A wholly-owned subsidiary of True Temper Corporation)CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands)Quarter Ended ------------------------ March 29,March 30, 2009 2008 -------- ---------NET SALES $18,439$35,827Cost of sales15,691 23,329GROSS PROFIT2,748 12,498Selling, general and administrative expenses 2,9993,867Amortization of intangible assets 3,7393,734Restructuring, business development, start-up and transition costs1,753254OPERATING (LOSS) INCOME(5,743) 4,643Interest expense, net 5,7186,168Other expenses 11 43LOSS BEFORE INCOME TAXES(11,472)(1,568)Income tax (benefit) expense(11)31NET LOSS $(11,461) $(1,599)======== ========TRUE TEMPER SPORTS, INC. However thereare many risk factors, including but not limited to, the general state of theeconomy, the Company's ability to execute its plans, competitive factors, andother risks that could cause the actual results to differ materially from theestimates or predictions contained in our Company's forward-lookingstatements. Additional information concerning the Company's risk factors iscontained from time to time in the Company's public filings with theSecurities & Exchange Commission ("SEC"); and most recently in Item 1A of PartI of our Annual Report on Form 10-K, as filed with the SEC on March 31, 2009.The Company's views, estimates, plans and outlook as described within thisdocument may change subsequent to the release of this statement. It is clear that those products are now being distributed and sold through theretail market, and we remain confident that True Temper has maintained itsmarket share in our core golf business as the supply base adjusts its carryinglevels of channel inventories."Mr. ("True Temper" or the "Company") announced its2009 first quarter results of operations.Net sales for the first quarterdecreased 48.5%, to $18.4 million from the $35.8 million level in 2008.Grossprofit decreased to $2.7 million from $12.5 million, and SG&A was reduced by22% to $3.0 million, resulting in Adjusted EBITDA (defined below) for thefirst quarter of $0.5 million compared to $9.6 million in the first quarter of2008.The Company recorded a net loss of $11.5 million during the firstquarter of 2009, compared to a net loss of $1.6 million the first quarter of2008. Hennessy said,"Short-term forecasting remains very challenging in this uncertain economicand retail environment.While we are confident that the long-term outlook forthe golf industry is strong and stable, there are certainly a number ofnear-term market forces that will result in a substantial decline in revenuefor the industry and True Temper during the remainder of 2009.These forcesinclude both a weaker retail consumer sales environment, and the continuedreduction in channel inventory which was initiated during the first quarter.

Hennessy continued, "While the overall retail landscape and golf marketare somewhat out of our control, we have taken a very aggressive approach tocost containment and cash management in this difficult operating environment. Our first quarter results clearly reflect this weaker environment, along withthe significant decrease in the retail and wholesale channel inventoriesthroughout the global golf and sporting goods industry.These factorscombined to deliver a pronounced decline in revenue for True Temper, ascompared to the record top line results that we reported in the first quarterof 2008.The level of quarterly decline was also an issue oftiming,influenced by the strong results we posted during the second half of 2008,when our volume certainly outpaced the industry and that of our competitors. In his comments about the Company's performance, Scott Hennessy, President andCEO said, "Coming into 2009, we certainly expected that our results would benegatively impacted by the challenging global economic environment, and inparticular the unfavorable retail landscape for discretionary consumer goods. MEMPHIS, Tenn., May 13 /PRNewswire/ --Results of OperationsToday, True Temper Sports, Inc.