Mr. Cory Kos reports

CAMECO ANNOUNCES WESTINGHOUSE'S CONFIDENTIAL SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING

Westinghouse Electric Company, which is owned jointly by Cameco Corp. and Brookfield Renewable Partners, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, and the proposed offering will be subject to market and other conditions.

About Cameco Corp.

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Cameco's competitive position is based on the company's controlling ownership of the world's largest high-grade reserves and low-cost operations as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Cameco's shares trade on the Toronto Stock Exchange and the New York Stock Exchange. Cameco's head office is in Saskatoon, Sask., Canada.