exv99w4

EXHIBIT 99.4

For fiscal years ended December 31, 2006 and December 31, 2005, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:


	2006		2005
Audit fees:
Cameco and Canadian joint ventures	$	834,000	$	389,000
Cameco — securities		—		100,000
Centerra and other subsidiaries		895,200		574,800
Centerra — securities		—		—

	$	1,729,200	$	1,063,800

Audit — related fees:
Bruce Power Reorganization	$	—	$	70,000
SOX 404 Scoping Project		90,000		35,000
Translation services		—		10,000
Pensions and other		8,500		7,500
Zircatec — Specified Procedures		50,000		—

	$	148,500	$	122,500

Tax:
Compliance	$	167,500	$	160,400
Planning and advice		51,700		36,400

	$	219,200	$	196,800

All other fees:		—		—


Total	$	2,096,900	$	1,383,100

Pre-Approval Policies and Procedures

As part of Cameco’s corporate governance practices, under Cameco’s audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. Unless a type of service which is to be provided by the external auditors receives general pre-approval, it requires specific pre-approval by Cameco’s audit committee or audit committee chair, or in the absence of the audit committee chair, a member of the audit committee as designated by the audit committee. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles.