Cameco Donates $1 Million to First & Best

Saskatoon, Saskatchewan, Canada, April 16, 1997

President of the University of Saskatchewan, George Ivany, and Bernard Michel, Chair, President and Chief Executive Officer of Cameco, today announced that Cameco is donating $1 million to the University of Saskatchewan's First & Best National Campaign.

The funding will be used to develop the Cameco Access Program for Engineering and Science (CAPES) within the College of Engineering. With this donation, Cameco also becomes a founding member of the University's Innovative Teaching and Learning Centre (ITLC).

"Information technology is changing the ways we work, play and learn," said Dr. Ivany as he described the importance of Cameco's donation. "To meet this challenge, the University of Saskatchewan is pioneering the use of new technologies to develop and deliver quality educational materials for the people of Saskatchewan and beyond."

"Cameco is proud to partner with the University of Saskatchewan to develop the Cameco Access Program for Engineering and Science," said Michel. "Our objective is to motivate students in remote areas, and in particular residents of Saskatchewan's north, to consider a career in engineering or the sciences."

"Students will no longer be restricted by the walls of a classroom," added Ivany, "nor will access to the University of Saskatchewan be limited to those who have the time and money to take up residence in Saskatoon."

"This donation raises Cameco's total support to the University of Saskatchewan to more than $2.5 million," added Michel. "This level of giving is proof that Cameco has a long-term commitment to the communities where we work. We hope this donation will help provide another tool to improve local employment skills."

As the founding member of the ITLC, Cameco's support of the development of CAPES follows a tradition of partnership with the University of Saskatchewan. In addition to this announcement, Cameco currently funds the Cameco Chair in Environmental and Aqueous Geochemistry and has recently established a scholarship program for women interested in pursuing a bachelor's degree in geology.

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