NOTICE OF DECISION
to Continue as a Comprehensive Study

The Proposal by Cameco Corporation for the Redevelopment of its Port Hope Conversion Facility (Vision 2010)
Port Hope (ON)

March 24, 2009 - The Honourable Jim Prentice, Minister of the Environment and Minister responsible for the Canadian Environmental Assessment Agency (the Agency), has determined that a comprehensive study is the most appropriate type of environmental assessment for the proposed Vision 2010 project to redevelop Cameco Corporation's conversion facility located in Port Hope, Ontario.

The Minister based his decision on a report and recommendation submitted by the Canadian Nuclear Safety Commission, the responsible authority for the project under the Canadian Environmental Assessment Act. The report contains information on the scope of the proposed project, the factors to be considered in the environmental assessment and the scope of those factors, public concerns in relation to the project, the potential of the project to cause adverse environmental effects and the ability of the comprehensive study to address issues relating to the project.

The responsible authority will now continue the comprehensive study and will provide the public with an opportunity to participate in the environmental assessment. The responsible authority will submit its report to the Minister of the Environment and to the Agency, and at that time, the public will have an opportunity to comment on the findings and recommendations of the report before the Minister renders his final decision.