June 6, 2005

May 19, 2005

Following a public hearing held on January 12 and April 6, 2005, the Canadian Nuclear Safety Commission (CNSC) announced its decision today to renew, with amendments, COGEMA Resources Inc.'s Uranium Mine Operating Licence for its McClean Lake facility located in Northern Saskatchewan . The licence was renewed for a period of four years.The amendments to the licence allow modification of the JEB mill so that uranium ore from Cameco Corporation's Cigar Lake mine could be received and processed there. Authorization to commence the processing of the Cigar Lake mine ore at the JEB mill will be the subject of a separate application by COGEMA and CNSC decision in the future.

In making its decision, the Commission requested that CNSC staff present a report on the performance of the facility at the approximate mid-point in the licence term.The mid-term report will be presented at a public proceeding of the Commission.

During the public hearing, the Commission considered written submissions and oral presentations from COGEMA Resources Inc., CNSC staff and intervenors.The Commission concluded that COGEMA Resources Inc. is qualified to carry on the activity that the licence will authorize and, in carrying on that activity, will make adequate provision for the protection of the environment, the health and safety of persons and the maintenance of national security and measures required to implement international obligations to which Canada has agreed.

A Record of Proceedings, including Reasons for Decision and transcripts of the hearing are available, in both official languages, on the CNSC web-site at www.nuclearsafety.gc.ca, or by contacting the CNSC.

Contact:

Pascale Bourassa

Commission Communications and Technical Support Officer

(613) 947-0247

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