Cameco Donates $1 Million to First & Best

Posted April 17, 1997


FOR IMMEDIATE RELEASE
97-04-12-OTHER

Cameco Donates $1 Million to First &
Best

Saskatoon SK, April 16, 1997 -- President of the University
of Saskatchewan, George Ivany, and Bernard Michel, Chair,
President and Chief Executive Officer of Cameco, today
announced that Cameco is donating $1 million to the
University of Saskatchewan's First & Best National
Campaign.

The funding will be used to develop the Cameco Access
Program for Engineering and Science (CAPES) within the
College of Engineering. With this donation, Cameco also
becomes a founding member of the University's Innovative
Teaching and Learning Centre (ITLC).

Information technology is changing the ways we work, play
and learn, said Dr. Ivany as he described the importance of
Cameco's donation. To meet this challenge, the University
of Saskatchewan is pioneering the use of new technologies
to develop and deliver quality educational materials for the
people of Saskatchewan and beyond.

Cameco is proud to partner with the University of
Saskatchewan to develop the Cameco Access Program for
Engineering and Science, said Michel. Our objective is to
motivate students in remote areas, and in particular
residents of Saskatchewan's north, to consider a career in
engineering or the sciences.

Students will no longer be restricted by the walls of a
classroom, added Ivany, nor will access to the University
of Saskatchewan be limited to those who have the time and
money to take up residence in Saskatoon.

This donation raises Cameco's total support to the
University of Saskatchewan to more than $2.5 million,
added Michel. This level of giving is proof that Cameco has
a long-term commitment to the communities where we
work. We hope this donation will help provide another tool
to improve local employment skills.

As the founding member of the ITLC, Cameco's support of
the development of CAPES follows a tradition of partnership
with the University of Saskatchewan. In addition to this
announcement, Cameco currently funds the Cameco Chair in
Environmental and Aqueous Geochemistry and has recently
established a scholarship program for women interested in
pursuing a bachelors degree in geology.


For more information, please contact:

Franco Berruti, Dean or Tom Kennedy, Manager
College of Engineering Community Relations
University of Saskatchewan Cameco Corporation
(306) 966-5273 (306) 956-6311