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Cameco's Key Lake Operation Achieves New Safety Record
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Cameco's Key Lake Operation Achieves New Safety Record

Saskatoon, Saskatchewan, Canada, September 1, 2000

Cameco is pleased to announce that the Key Lake team, consisting of our employees and long-term contractor employees, achieved a record three years without a lost-time accident yesterday, which is equivalent to 1.84 million safe work hours. This milestone significantly eclipses the previous site record of 481 days.

A lost-time accident is one in which time lost from an injury extends beyond the day of injury, preventing an employee from returning to work on their next scheduled work day.

"The safety of all our employees at Key Lake is as high a priority as we have, " said Doug Smith, mill manager. "This significant accomplishment is a result of the effort and dedicated teamwork of everyone here, and I extend my congratulations to them."

Key Lake's superintendent of environment and safety, Glen White, added, "Everyone involved in this achievement should be proud. We are truly living by the motto 'no job is so important that you cannot take the time to do it safely'."

"The efforts of our employees, such as those at Key Lake, are why we are successful in operating safely," said Gary Chad, senior vice-president, law, regulatory affairs and corporate secretary. "On behalf of everyone at Cameco I would like to extend congratulations to the Key Lake employees for a job well done and for their ongoing efforts of continuous improvement in the workplace."

In addition to this record, earlier this year the Key Lake operation was awarded, jointly with the McArthur River operation, the Canadian Institute of Mining, Metallurgy and Petroleum's John T. Ryan trophy for the best safety record for metal mines in Canada in 1999. The operation is also a previous winner of Cameco's Mary-Jean Mitchell Green trophy awarded for achieving the highest level of safety in the corporation.