Saskatoon, Saskatchewan, Canada July 24, 1997
Cameco Corporation announced today that its board of directors declared a quarterly dividend of $0.125 (Cdn) per share payable on October 15, 1997, to shareholders of record on September 30, 1997.
For further information, please contact:
| Alice Wong Director, Investor & Corporate Relations Cameco Corporation Phone: (306) 956-6337 Fax: (306) 956-6318 |

