Monday, April 18, 2005

Cameco Confirms One Bruce Reactor Taken Off-line

Cameco Confirms One Bruce Reactor Taken Off-line: "

April 17, 2005 11:30 PM US Eastern Timezone

Cameco Confirms One Bruce Reactor Taken Off-line

SASKATOON, Saskatchewan--(BUSINESS WIRE)--April 17, 2005--Cameco Corporation (TSX:CCO) (NYSE:CCJ) confirmed today that unit 6 at the Bruce B generating station was safely shut down at 7:45 p.m. on April 15 following a brief transformer fire outside the nuclear generating station.

No one was injured by the incident and Bruce Power is investigating the cause of the fire which was quickly extinguished by an automatic sprinkler system. The incident caused the release of mineral oil which is used as an insulator in the transformer. Efforts continue to recover the mineral oil which is biodegradable and contains no PCBs or radioactive material.

Bruce Power is determining how long it will take to repair the transformer and return unit 6 to service.

Units 3, 5, 7 and 8 at the generating station remain at high power while Bruce Power continues the planned inspection of unit 4 that began on March 12. Cameco indirectly holds a 31.6% interest in Bruce Power Limited Partnership, which leases the Bruce nuclear plants in Ontario.

Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest uranium producer. 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.

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