Saskatoon, Saskatchewan, Canada, December 3, 1996
Cameco Corporation announces today that its board of directors has declared a quarterly dividend of $0.125 (Cdn) per share payable on January 15, 1997 to shareholders of record at the close of business on December 31, 1996.
For further information, please contact:
| Elaine Kergoat Manager, Media & Public Relations Cameco Corporation Phone: (306) 956-6315 Fax: (306) 956-6318 |

