Cameco Investor Webcast Advisory

SASKATOON, SASKATCHEWAN -- (Marketwire) -- 02/24/11 -- ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)

Cameco (TSX: CCO) (NYSE: CCJ) announced today that Jerry Grandey, CEO will be speaking at the BMO Capital Markets 2011 Global Metals and Mining Conference.

The presentation is scheduled for Monday, February 28, 2011 at 2:00 p.m. Eastern and will be available by webcast on Cameco's website at cameco.com using Windows Media Player or Flip4Mac software. See the link on the home page on the day of the event. A copy of the presentation and audio file will be available on our website shortly after the conference.

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.

Contacts:

Cameco

Investor inquiries

Bob Lillie

(306) 956-6639


Media inquiries

Rob Gereghty

(306) 956-6190