IEC International Enexco Limited

International Enexco Ltd. (TSX VENTURE:IEC)(OTCQX:IEXCF)(FRANKFURT:I6E) (the
"Company" or "IEC") is pleased to announce that the previously disclosed
acquisition of the Company by Denison Mines Corp. ("Denison") by way of plan of
arrangement (the "Arrangement") was completed on June 6, 2014. Pursuant to the
Arrangement, Denison has acquired all of the outstanding common shares of the
Company ("IEC Shares") that it did not aready own, with the Company spinning out
its U.S. assets into a former subsidiary of the Company ("Spinco").


The Transaction

Under the Arrangement, each IEC Share was exchanged for 0.26 of a Denison common
share, one common share of Spinco, and one-half of a warrant to acquire an
additional Spinco share, exercisable for 6 months at a price of $5.00 for each
whole share to be acquired. Any outstanding warrants and options of IEC were
automatically exchanged for options and warrants of Denison and Spinco. All
options and warrants of Denison have been adjusted by reference to the exchange
ratio of 0.26. The Denison options received as a result of this exchange will
expire in 90 days, and the Denison warrants expire in accordance with the expiry
dates of the original IEC warrants. 


Trading of the Company's shares was halted at the Company's request at close of
market on June 6, 2014, and IEC Shares are expected to remain halted until it is
de-listed on June 10, 2014. Any IEC Shares traded prior to the trading halt that
have not yet settled represent only an entitlement to receive the consideration
under the Arrangement, as described above. IEC will apply to cease to be a
reporting issuer under the securities laws of British Columbia and Alberta as
soon as possible. 


IEC shareholders who have not yet done so are encouraged to tender any remaining
IEC shares by contacting Computershare Investor Services Inc. toll free at
1-800-564-6253 or by email at corporateactions@computershare.com.


Additional information on the Arrangement may be found in the Company's filings
on www.sedar.com including the Company's information circular dated May 2, 2014
and the arrangement agreement between the Company and Denison dated April 11,
2014.


The Copper Arrangement

On June 5, 2014, as a pre-completion step to the Arrangement, the Company
transferred all of the issued and outstanding securities of its wholly owned
subsidiary, Enexco International Inc. ("EIC"), holding the Contact Copper
Project in Nevada, to Spinco along with certain intercompany debt between the
Company and EIC.


On June 3, 2014, the Company announced that Spinco and the Company had entered
into a definitive arrangement agreement with respect to the previously announced
letter of intent dated March 19, 2014. 


Additional information on the Copper Arrangement may be found in the Company's
filings on www.sedar.com or by calling 604-669-8368. 


Cautionary Statements: 

Trading in the securities of exploration and development stage resource
companies should be considered highly speculative. 


Certain information regarding the Company including management's assessment of
future plans and operations, may constitute forward-looking statements under
applicable securities laws and necessarily involve risks associated with fixed
exchange ratios, the potential for the Arangement to be terminated, including as
a result of a material adverse change in the Company, volatility of prices,
currency fluctuations and ability to access sufficient capital. Although the
Company believe the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from
those in the forward-looking statements. For more information on the Company and
the risks and challenges of its business, investors should review their annual
filings that are available at www.sedar.com 


Neither the 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 of this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
International Enexco Ltd.
Ron Hochstein
President and Chief Executive Officer
(416) 979 - 1991 ext 232


International Enexco Ltd.
Sophia Shane
Investor Relations
(604) 689 - 7842

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