Saskatoon, Saskatchewan, Canada, April 6, 2009

Cameco Corporation announced today that it has opened an office in Perth and appointed Ron Matthews managing director of the Kintyre uranium project in Western Australia.

Cameco operates a joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd. (30%) that acquired the Kintyre project from Rio Tinto in August 2008 through a bidding process.

Matthews is a geophysicist with 30 years experience with Cameco and its predecessor companies. He managed Cameco's Australian exploration projects from 2001 to 2007 when he was based in Darwin, Northern Territory.

"I look forward to moving Kintyre ahead," said Matthews. "This is one of the world's most promising uranium plays and its development will create opportunity for people across Australia."

Kintyre is an advanced exploration project located approximately 1,600 kilometres northeast of Perth in the East Pilbara region of Western Australia.

Cameco will be undertaking an exploration program with the objective of confirming a resource for the Kintyre deposits.

Activities to be conducted in the coming months include re-establishing an exploration camp and infrastructure at the site to support in-fill drilling and other activities to verify the results of previous exploration work.

Cameco will continue to work closely with the Martu people, the Native Title holder, toward advancing the Kintyre project for the benefit of all stakeholders.

Cameco Australia has been actively exploring in Australia since 1996 and has exploration licences for more than 795,000 hectares of land in Western Australia (some proximate to the Kintyre deposits), plus projects in South Australia and the Northern Territory.

To read more on the Kintyre project and Cameco activities in Australia, please visit our regional Australia web site at http://www.cameco.com/australia

Cameco, with its head office in Saskatoon, Saskatchewan, Canada is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.

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