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NEWS RELEASE

For Immediate Release: October 8, 1999

Saskatoon, Saskatchewan, Canada

Occupational Fatality at the Cluff Lake Mine

A fatality occurred at the Cluff Lake minesite in Northern Saskatchewan at approximately 1:00 p.m. this afternoon. The worker was electrocuted while working on a transformer located on surface at the site. The worker was employed by a company providing contract services to the owner, COGEMA Resources Inc.

RCMP and Provincial Mine Inspectors are currently on route to the site to investigate.

The name of the deceased is being withheld pending notification of next of kin.

The Cluff Lake minesite is located 720 kilometres north of Saskatoon.

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For further information please contact:

Tim Gitzel
Senior Vice President & Corporate Counsel
COGEMA Resources Inc.
Phone: (306) 343-4501