Questions and Answers with the CEO

June 2008

1.		Looking into your crystal ball, where do you see Cameco in 2018? (36 sec.)
2.		Are you confident the site licence renewals and the Cigar Lake dewatering application will be obtained from the CNSC? (45 sec.)
3.		Have nuclear assets become affordable again? (53 sec.)
4.		How would you characterize the recent activity in the uranium spot and long-term markets? (1 min. 03 sec.)

February 2008

1.		What can we expect from Cameco in 2008? (37 sec.)
2.		What's happening with Cameco's share price and the recent market volatility? (50 sec.)
3.		Can you briefly summarize the recent discussion on the Russian Suspension Agreement and the potential impact on the uranium market? (56 sec.)
4.		Do you have any concerns as the CNSC transitions to new leadership? (49 sec.)
5.		What is the latest on the acid situation at Inkai? (42 sec.)

November 2007

1.		World uranium producers have not been able to increase production as expected. What's the problem? (1 min. 05 sec.)
2.		Political risk in Kazakhstan and the Kyrgyz Republic has become a reality this year. Will this deter Cameco from making further investments in Central Asia? (1 min. 00 sec.)
3.		What potential impact will there be from the Tenex request to discuss pricing? (1 min. 18 sec.)
4.		Recently Cameco has formed three new strategic alliances with junior uranium companies. Can we expect more? (1 min. 00 sec.)
5.		What are the next steps at Cigar Lake? (1 min. 34 sec.)
6.		What is your view on the recent fluctuation in uranium prices? (1 min. 00 sec.)

August 2007

1.		Are you confident that Cigar Lake will begin producing in 2011? (43 sec.)
2.		Why should investors put their money in Cameco? (57 sec.)
3.		Why does Cameco think the uranium market fundamentals are strong despite recent volatility? (1min. 10 sec.)
4.		What do you say to investors concerned about the operational challenges at Cameco sites? (1 min. 10 sec.)
5.		How are you going to regain the confidence of the regulators? (1 min. 00 sec.)

June 2007

1.		Why are you interested in entering the enrichment business? (1 min. 18 sec.)
2.		Do you have enough uranium so you don't have to buy in the expensive spot market? (1 min. 13 sec.)
3.		Do you expect major consolidation in the nuclear industry over the next few years. If so, will Cameco play a role? (52 sec.)
4.		Are you confident the Russians will continue to make HEU deliveries to the West until 2013? (49 sec.)
5.		Do you have any concerns about developing the new zones at McArthur River for production through 2010? (1 min. 03 sec.)

April 2007

1.		If we are experiencing a nuclear renaissance, how do you account for a decrease in world uranium production in 2006? (1 min. 13 sec.)
2.		What are you doing to restore investor confidence in Cameco as a mine operator? (1 min. 02 sec.)
3.		What is the next significant milestone at Cigar Lake? Is 2010 realistic? (1 min. 04 sec.)
4.		Is it time to re-adjust Cameco's vision considering the current cost of nuclear assets? (1 min. 15 sec.)
5.		In the US, in March of 2007, the first early site permit was approved for the Clinton site in Illinois. What does this mean for the North American nuclear industry? (1 min. 09 sec.)