Terms of Use

By accessing the www.cameco.com website (the "Site"), you are agreeing to be bound by these Site terms of use ("Terms of Use"), all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, do not use this Site.

Cameco Corporation ("Cameco") may revise these Terms of Use at any time without notice. By using this Site you are agreeing to be bound by the then current version of these Terms of Use.

Licence Grant and Ownership by Cameco

  1. Licence. Subject to the terms and conditions of the Terms of Use, Cameco grants you a non-exclusive, non-transferable, limited licence to view or print the information and documents appearing on this Site without alterations, for personal, non-commercial use only.
  2. Ownership. All information, documents, materials, graphics, photography designs, logos, layouts and computer codes (collectively, "Content") of this Site is (and shall continue to be) owned exclusively by Cameco, and is protected under applicable copyrights, patents, trade-marks, trade dress and/or other proprietary intellectual property rights. The copying, redistribution, use or publication by you of any such Content or any part of this Site is prohibited, except where specifically provided in the licence above. Under no circumstances will you acquire any ownership rights or other interest in any Content by or through your use of this Site.

Disclaimer

The information on this Site is provided solely for users' general knowledge and is provided "as is". This Site may contain bugs, errors or other problems. Cameco makes no warranties, expressed or implied, and Cameco disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose or non-infringement of intellectual property or other violation of rights. Further, Cameco does not warrant or make any representations concerning the accuracy, likely results or reliability of the use of the materials on this Site or otherwise relating to such materials or on any websites linked to this Site.

This Site information and Content is not intended to be a comprehensive review of all matters and developments concerning Cameco, and Cameco assumes no responsibility as to its completeness or accuracy. Furthermore, the information in no way should be construed or interpreted as - or as part of - an offering or solicitation of securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Cameco to that effect.

Cameco investor relations material was accurate at the time of posting, but may be superseded by subsequent disclosures.

Forward-Looking Statements

Statements contained in this website include statements and information about our expectations for the future. When we discuss our strategy, plans and future financial and operating performance, or other things that have not yet taken place, we are making statements considered to be forward-looking information or forward-looking statements under Canadian and U.S. securities laws. They represent our current views, and can change significantly. These statements are based upon a number of material assumptions, which may prove to be incorrect. Actual results and events may be significantly different from what we currently expect, because of the risks associated with our business. We recommend that you review our current annual and subsequent quarterly management's discussion and analysis for more information about these assumptions and risks. You should also review our current annual information form, which includes a discussion of other material risks that could cause actual results to differ significantly from our current expectations. Forward-looking information is designed to help you understand management's current views of our near and longer-term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

Examples of forward-looking information in this website include: our target of doubling our annual uranium production by 2018; mineral resource and mineral reserve estimates, and forecasts relating to mining, development and other activities at McArthur River, Inkai, Rabbit Lake and Cigar Lake.

The material risks that could cause actual results to vary include: production costs are higher than planned, or necessary supplies are not available, or not available on commercially reasonable terms; we are unable to enforce our legal rights, or are subject to litigation or arbitration that has an adverse outcome; there are defects in title to our properties; our reserve and resource estimates are inaccurate, or we face unexpected or challenging geological, hydrological or mining conditions; we are affected by environmental, safety and regulatory risks, including increased regulatory burdens; we cannot obtain or maintain necessary permits or approvals from government authorities; we are affected by political risks in a developing country where we operate (like Kazakhstan); we are affected by terrorism, sabotage, accident or a deterioration in political support for, or demand for, nuclear energy; changes in public perception of the safety of nuclear power plants adversely affect the construction of new facilities and the demand for uranium; there are changes to government regulations or policies, including tax and trade laws and policies; our uranium and conversion suppliers fail to fulfill delivery commitments; we are affected by natural phenomena including inclement weather, fire, flood, underground floods, earthquakes, pitwall failure and cave-ins; our operations are disrupted because of problems with our own or our customers' facilities, the unavailability of reagents, equipment, operating parts and supplies critical to production, labour relations issues, strikes or lockouts and other developments and operating risks.

We have made material assumptions regarding: sales and purchase volumes and prices for uranium; the demand for uranium not being adversely affected by changes in public perception of the safety of nuclear power plants; expected production costs; reserve and resource estimates; the geological, hydrological and other conditions at our mines, including the accuracy of our expectations about the condition of underground workings; our ability to continue to supply our products and services in the expected quantities and at the expected times; our ability to comply with current and future environmental, safety and other regulatory requirements, and to obtain and maintain required regulatory approvals; our operations not being significantly disrupted because of political instability, nationalization, terrorism, sabotage, natural disasters, governmental or political actions, litigation or arbitration proceedings, labour relations issues and other development or operating risks.

Limitation of Liability

Cameco is not liable for any direct, indirect, special, incidental or consequential damages arising out of the use of - or the inability to use - this Site or its Content, whether based on breach of contract, breach of warranty, tort (including negligence), product liability or otherwise. This includes but is not limited to the loss of data or loss of profit, litigation or due to business interruption, even if Cameco or an authorized representative was advised of the possibility of such damages. The negation of damages set forth above are fundamental elements of the basis of the agreement between Cameco and all Site users. This Site would not be provided without such limitations.

Revisions and Errata

The materials appearing on this Site could include technical, typographical or photographic errors. Cameco does not warrant that any of the materials on this Site are accurate, complete or current. Cameco reserves the right in its sole discretion to edit or delete any documents, information or other content appearing on this Site without notice.

Links

Cameco has not reviewed all of the websites linked to or from its Site and is not responsible for the contents of any such linked website. The inclusion of any link does not imply endorsement by Cameco of the linked website. Use of any such linked website is at the user's own risk.

Jurisdiction

Any claim relating to this Site shall be governed by the laws of the province without regard to its conflict of law provisions.