Cameco Completes Yeelirrie Acquisition

Cameco Completes Yeelirrie Acquisition 
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 12/18/12 --  
ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) 
Cameco (TSX:CCO) (NYSE:CCJ) announced today that it has completed the
acquisition of the Yeelirrie uranium project in Western Australia for
$430 million (US). Yeelirrie is one of Australia's largest
undeveloped uranium deposits and is located about 650 kilometres
northeast of Perth and about 750 kilometres south of Cameco's Kintyre
exploration project. 
Cameco purchased the Yeelirrie development project from BHP Billiton
and has received the necessary approvals from the government of
Western Australia and the Australian Foreign Investment Review Board
for the acquisition. With the acquisition completed, Cameco will be
paying stamp duty of about $22 million (US) to the government of
Western Australia. 
Yeelirrie is a near-surface calcrete-style deposit, amenable to open
pit mining techniques. Cameco will now conduct a full document review
of the project and develop future plans. 
Profile 
Cameco, with its head office in Saskatoon, Saskatchewan, is one of
the world's largest uranium producers. The company's uranium products
are used to generate electricity in nuclear energy plants around the
world, providing one of the cleanest sources of energy available
today. Cameco's shares trade on the Toronto and New York stock
exchanges. 
As used in this news release, "Cameco" or the "company" means Cameco
Corporation, a Canadian corporation and its subsidiaries and
affiliates unless stated otherwise. 
Contacts:
Cameco
Investor inquiries:
Rachelle Girard
(306) 956-6403 
Cameco
Media inquiries:
Cadence Willis (Australia)
+61 (0) 409 758 247 
Cameco
Media inquiries:
Rob Gereghty (North America)
(306) 956-6190
 
 
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