AREVA - Community Updates

COGEMA Resources will complete mining of the Sue C ore body by the end of 2001 with follow-up activities such as ore haulage and some reclamation continuing for a few months in early 2002. Mining will be suspended for about two years while the uranium mill at McClean Lake continues processing the more than three years supply of ore already stockpiled. McClean's mining staff will be reduced until mining resumes in two to three years.

There were no spills since the last Community Update in October. The concentrations of elements contained in the water discharges from the treatment plants during October were well below the limits set by the regulatory agencies.

Subject to licensing, mining at Cluff Lake will continue until approximately May 2002 at which time the ore body will be depleted. Mining will then be complete at Cluff Lake. Milling will continue to process the remaining ore stockpiles by December 2002. In the meantime, clean-up work at the site continues. If all regulatory approvals are granted, decommissioning activities would begin in early 2003.

There were no spills since the last Community Update in October. Concentrations of elements contained in the water discharges from the treatment plant during October were well below the limits set by the regulatory agencies.

As of October 31, 2001	TOTAL WORKFORCE	% NORTHERNERS
McCLEAN LAKE
COGEMA Staff	250	48%
Long Term Contractors
Northern Metis Site Services	19	63%
P.A.D.C.	24	83%
Snake Lake North American	7	29%
CLUFF LAKE
COGEMA Staff	115	60%
Long Term Contractors
Sakitawak Development Corp	13	100%
Beaver Foods/Clearwater Catering	13	62%
Mudjatik Thyssen Mining	48	42%

The Saskatchewan Chamber of Commerce has chosen COGEMA Resources as the winner of the 2001 ABEX award (Award for Business Excellence) in the Physical Environment category. The entry was based on McClean Lake's certification to the international environmental management system standard - ISO 14001. McClean is the first mine of any kind in Saskatchewan to earn this certification. McClean's environmental management system is part of an overall quality system for all of the site's key activities.