<SEC-DOCUMENT>0001193125-16-606276.txt : 20160527
<SEC-HEADER>0001193125-16-606276.hdr.sgml : 20160527
<ACCEPTANCE-DATETIME>20160527153734
ACCESSION NUMBER:		0001193125-16-606276
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160527
FILED AS OF DATE:		20160527
DATE AS OF CHANGE:		20160527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMECO CORP
		CENTRAL INDEX KEY:			0001009001
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				980113090
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14228
		FILM NUMBER:		161682240

	BUSINESS ADDRESS:	
		STREET 1:		2121 11TH ST W
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
		BUSINESS PHONE:		3069566200

	MAIL ADDRESS:	
		STREET 1:		2121 11TH ST W.
		CITY:			SASKATOON
		STATE:			A9
		ZIP:			S7M 1J3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d188890d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 6-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report of Foreign Private Issuer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Rule 13a-16 or 15d-16 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Under the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of May, 2016 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Cameco
Corporation </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Commission file No.&nbsp;1-14228) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2121-11th Street West </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Saskatoon, Saskatchewan, Canada S7M 1J3 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT><U></U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with <FONT STYLE="white-space:nowrap">Rule&nbsp;12g3-2(b):</FONT> ____________ </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Exhibit Index </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="border-bottom:1.00px solid #000000">Exhibit&nbsp;No.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00px solid #000000; width:46.75pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Description</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00px solid #000000" ALIGN="right">Page&nbsp;No.</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>1.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated May 27, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Cameco Corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: May&nbsp;27, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><I>&#147;Sean A. Quinn&#148;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sean A. Quinn</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice-President, Chief Legal Officer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">and Corporate Secretary</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>d188890dex1.htm
<DESCRIPTION>EX-1
<TEXT>
<HTML><HEAD>
<TITLE>EX-1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TSX: </B>CCO</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>NYSE:</B> CCJ</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g188890g51d69.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>website: </B>cameco.com&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>currency:</B> Cdn (unless noted)</P></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2121 &#150; 11<SUP
STYLE="font-size:85%; vertical-align:top">th </SUP>Street West, Saskatoon, Saskatchewan, S7M 1J3 Canada </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Tel: (306)&nbsp;956-6200 Fax:
(306)&nbsp;956-6201 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Saskatoon, Saskatchewan, Canada, May&nbsp;27, 2016 . . . . . . . . . . . . . </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cameco Corporation </B>(Cameco) (TSX: CCO; NYSE: CCJ) signed an agreement with Joint Stock Company National Atomic Company Kazatomprom (Kazatomprom) and
Joint Venture Inkai LLP (JV Inkai) to restructure and enhance JV Inkai. The agreement was signed during the annual foreign investors meeting with the president and government officials in Astana, Kazakhstan at a ceremony attended by Bakytzhan
Sagintayev, First Deputy Prime Minister of the Republic of Kazakhstan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;This agreement strengthens our partnership with another global leader in
uranium mining and moves both Cameco and Kazatomprom closer to realizing the full potential of their investment in JV Inkai,&#148; said Cameco president and CEO Tim Gitzel. &#147;For Cameco, the agreement advances our strategy of building on our
low-cost production assets that helps to mitigate the risk of today&#146;s uncertain uranium market and positions us to maximize returns when the market recovers.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Kazatomprom and Cameco have, for many years now, been engaged in a highly co-operative and mutually beneficial relationship where commitments have
always been upheld,&#148; said Askar Zhumagaliev, chairman of the board of Kazatomprom. &#147;Therefore, we intend to further expand our partnership, balancing the economic interests.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Inkai operation is an in situ recovery uranium mine in south Kazakhstan that is owned and operated by JV Inkai which, in turn, is currently owned by
Cameco (60%)&nbsp;and Kazatomprom (40%). Cameco&#146;s current interest in production from JV Inkai is 57.5% based on previous agreements with Kazatomprom. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The new agreement replaces the memorandum of agreement signed by Cameco and Kazatomprom in September 2012 and, subject to closing, provides as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">JV Inkai will have the right to produce 4,000 tonnes of uranium (tU) (10.4 million pounds of U<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>O<SUB STYLE="font-size:85%; vertical-align:bottom">8</SUB>) per year
(Cameco&#146;s share 4.2&nbsp;million pounds), an increase from the current 5.2&nbsp;million pounds (Cameco&#146;s share 3.0&nbsp;million pounds) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">JV Inkai will have the right to produce from blocks 1, 2 and 3 until 2045 (currently, the lease terms are to 2024 for block 1 and to 2030 for blocks 2 and 3) </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">subject to further adjustments tied to the refinery as described below, Cameco&#146;s ownership interest in JV Inkai will be adjusted to 40%, and Kazatomprom&#146;s ownership interest in JV Inkai will be adjusted to 60%
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a governance framework that provides protection for Cameco as a minority owner </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the current boundaries of blocks 1, 2 and 3 will be adjusted to match the agreed production profile for JV Inkai to 2045 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the loan made by a Cameco subsidiary to JV Inkai to fund exploration and evaluation of block 3 (currently US $160 million) will be restructured to provide for priority repayment. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This agreement is subject to obtaining all required government approvals, including certain amendments to JV Inkai&#146;s existing Resource Use Contract,
which is expected to take 18 to 24 months. The government approvals are conditional upon submission of certain technical reports and other documents. The agreement provides for annual production at the Inkai operation to be ramped up to
10.4&nbsp;million pounds U<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>O<SUB STYLE="font-size:85%; vertical-align:bottom">8</SUB> over three years following receipt of required approvals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cameco and Kazatomprom will complete a feasibility study for the purpose of evaluating the design, construction and operation of a uranium refinery in
Kazakhstan with the capacity to produce 6,000 tU annually as uranium trioxide (UO<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>). The agreement includes provisions that would make Cameco&#146;s proprietary uranium refining technology
available to Kazatomprom on a royalty-free basis, and grants Kazatomprom a five-year option to license Cameco&#146;s proprietary uranium conversion technology for purposes of constructing and operating a UF<SUB
STYLE="font-size:85%; vertical-align:bottom">6</SUB> conversion facility in Kazakhstan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If Cameco and Kazatomprom decide to build the refinery, the
agreement also provides that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Cameco&#146;s and Kazatomprom&#146;s respective ownership interests in the limited liability partnership that will own the refinery, will be 71.67% for Kazatomprom and 28.33% for Cameco </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Kazatomprom will have the option to obtain UF<SUB STYLE="font-size:85%; vertical-align:bottom">6</SUB> conversion services at Cameco&#146;s Port Hope facility for a period of 10 years and receive other commercial
support </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Cameco&#146;s ownership interest in JV Inkai is increased to 42.5% upon commissioning of the refinery </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Depending on the level of commercial support Cameco provides, Cameco&#146;s interest in JV Inkai may be increased to 44% and its ownership stake in the refinery would also be adjusted from 28.33% to 29.33%.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cameco is one of the world&#146;s largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel
manufacturers in Canada. Our competitive position is based on our interests in the world&#146;s largest high-grade reserves and low-cost operations. Our uranium products are used to generate clean electricity in nuclear power plants around the
world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Joint Stock Company National Atomic Company &#147;Kazatomprom&#148; is the national operator, of the Republic of Kazakhstan, for import and export of
uranium, rare metals, nuclear fuel for power plants, special equipment and dual-purpose materials. 100% of Kazatomprom&#146;s stock is held by the government under the National Welfare Fund Samruk-Kazyna. Kazatomprom
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-&nbsp;2&nbsp;- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
presently employs over 25,000 workers and is one of the world&#146;s leading uranium mining companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries; including NUKEM Energy GmbH, unless
otherwise indicated. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Caution Regarding Forward-Looking Information and Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain information in this news release constitutes forward-looking information or forward-looking statements within the meaning of Canadian and United States
securities laws. These include: expected production of uranium from the JV Inkai operations; the expected cost of uranium production at the JV Inkai operations; that increased uranium production from JV Inkai will mitigate the risks of the current
uncertain uranium markets and position Cameco to maximize returns when the uranium market recovers; that JV Inkai&#146;s production will extend until 2045; JV Inkai&#146;s repayment of its outstanding loan from a Cameco subsidiary on a priority
basis; that JV&nbsp;Inkai will receive all required governmental approvals to close the contemplated transactions, including approval of the Resource Use Contract amendments from Kazakhstan state authorities; that JV Inkai&#146;s annual production
will increase to 4,000 tU (10.4&nbsp;million pounds of U<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>O<SUB STYLE="font-size:85%; vertical-align:bottom">8</SUB>) within three years of receipt of required approvals; that Cameco and
Kazatomprom will complete a positive feasibility study on the refinery; whether a decision to build the refinery is made; whether the refinery will be commissioned; whether Kazatomprom will utilize
UF<SUB STYLE="font-size:85%; vertical-align:bottom">6</SUB> conversion services at Port Hope, the term price for UF<SUB STYLE="font-size:85%; vertical-align:bottom">6</SUB> conversion services and whether Kazatomprom will exercise its option to
require Cameco to provide other commercial support; and whether Cameco&#146;s interest in JV&nbsp;Inkai will be increased as a result of the commissioning of the refinery or providing commercial support to Kazatomprom. Forward-looking information is
necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant uncertainties and contingencies. Cameco cautions the reader that such forward-looking information involves known
and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. These risks, factors and assumptions include, but are not
limited to: the risk that JV Inkai will not receive all required governmental approvals to close the contemplated transactions, including approval of the Resource Use Contract amendments from Kazakhstan state authorities, or that these approvals
will not be received on a timely basis; the assumption that JV Inkai will receive all other approvals required to give effect to the Resource Use Contract amendments and the risk that these approvals may not be received on a timely basis or at all;
the risk that Cameco will not achieve the benefits expected from signing the agreement with Kazatomprom and JV Inkai; the risk that Cameco and JV Inkai will not receive the necessary governmental permits and approvals to transfer proprietary
technology concerning uranium refining and conversion from Cameco to Kazatomprom or to commence construction of the Kazakhstan refinery or that these permits and approvals may not be received on a timely basis; the risk that JV Inkai will be unable
to achieve its future annual production targets; the risk that Cameco is unable to enforce its rights under the agreement with Kazatomprom and JV Inkai or is subject to litigation or arbitration that has an adverse outcome; the risk that the
feasibility study on the refinery will not be positive; volatility in term price for UF<SUB STYLE="font-size:85%; vertical-align:bottom">6</SUB> conversion services; assumptions about anticipated operations and planned, exploration, development and
production activities and the risk that one or more of these assumptions, including assumptions regarding the cost of uranium production at the JV Inkai operations, prove to be inaccurate; the risk that development and operations, including any ramp
up of JV&nbsp;Inkai&#146;s uranium production, are disrupted or delayed due to operating or technical difficulties, regulatory requirements, or political risk; and the risks involved in the exploration,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-&nbsp;3&nbsp;- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
development and mining business. Certain of these factors are discussed in greater detail in Cameco&#146;s most recent Annual Information Form and MD&amp;A on file with the Canadian securities
regulatory authorities, which we recommend that you review for more information. Cameco is providing this forward-looking information to help you understand management&#146;s current views regarding signing of the agreement, and it may not be
appropriate for other purposes. Cameco does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Profile </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cameco is one of the world&#146;s largest
uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Our competitive position is based on our controlling ownership of the world&#146;s largest high-grade reserves and low-cost
operations. Our uranium products are used to generate clean electricity in nuclear power plants around the world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head
office is in Saskatoon, Saskatchewan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- End - </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="17%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Investor inquiries:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Rachelle Girard</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">(306) 956-6403</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Media inquiries:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Rob Gereghty</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">(306)&nbsp;956-6190</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-&nbsp;4&nbsp;- </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g188890g51d69.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g188890g51d69.jpg
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M,C(R,C(R,C(R,O_  !$( %8 ?0,!(@ "$0$#$0'_Q  ?   !!0$! 0$! 0
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ML&9/NF0;@J'G&&#LO?G:/6N;^('PZU;P+JTRRP2RZ4\F+6]"Y1U.2JL0,!\
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MPEX5TQ-4\12XRLK;8H21NPPR"QV D\@ $'/:L3Q-\*_AEX2T2;6-72]CMXL
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?@Z'8>&]$MM(TR'RK2W7:@)R2<Y))[DDDGZT44 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
