In his first presentation since the release of Cameco's annual and 2011 fourth quarter results, president and CEO Tim Gitzel discusses Cameco's performance and plans for 2012. He also gives his unique perspective on the nuclear industry today and its future based on his long history in the business and the fundamentals of the market.

Forward-Looking Information

Please note that the statements made orally during this presentation, including statements regarding the company's objectives, projections, outlook, estimates, expectations or predictions, contain forward-looking information and statements within applicable Canadian and U.S. securities laws. Cameco cautions that such information and statements involve risk and uncertainty and that actual results could differ materially from those contained in them. In addition, certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections contained in them. Additional information about the material factors that could cause the results to differ materially, and the material factors or assumptions that were applied, are contained in Cameco's current annual information form and MD&A for the year ended 2011.