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NEWS RELEASE

For Immediate Release: February 10, 1998

COGEMA CLUFF LAKE WORKFORCE ACHIEVES
ONE YEAR LOST TIME ACCIDENT FREE

COGEMA Resources Inc., the operator and owner of the Cluff Lake uranium mine and mill, today announced that its workforce at Cluff Lake has achieved a full year of operation without a single lost time accident. This amounts to more than 650,000 accident-free hours of work.

"This was achieved only through the active involvement of all our mine and mill staff, the Occupational, Health and Safety committee and the Communications, Energy and Paperworkers Union, Local 48-S," said Fern Lambert, Cluff Lake General Manager. "As well, we have received valuable input from our provincial and federal regulators. We are looking for a million hours accident-free." Lambert attributes the success to an experienced and well-trained workforce as well as active Total Quality Management programs on site.

"Accomplishing this feat does not happen by accident," said COGEMA President and CEO Arnaud de Bourayne. "All of our Cluff Lake staff should be congratulated. To safely work in a mine and mill environment requires constant personal awareness, risk management and the cooperation of every employee."

COGEMA has been operating the Cluff Lake uranium mine in northwest Saskatchewan since 1980.

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