CORRECTION (January 04, 1999)

Cameco (CCO-T) owns 100% of the Key Lake and Rabbit Lake uranium operations, 84% of the McArthur River uranium project, and 49% of the Cigar Lake uranium project, all of which are in Saskatchewan.

Ownership levels referred to in a previous a report in our Nov. 30, 1998, issue did not reflect Cameco’s purchase of the North American interests of Uranerz.