PROMOTING SASKATCHEWAN URANIUM MINING

Released on September 3, 2002

The provincial government will be promoting Saskatchewan's investment

climate and track record as a top uranium producer to 400 international

nuclear leaders in London later this week.



Industry and Resources Minister Eldon Lautermilch is speaking to the World

Nuclear Association Symposium on September 6th. He will tell the audience

the province is a great place to live, work and invest. Lautermilch will

also outline initiatives that have sustained public support for uranium

mining in the province.



"Our uranium mining industry is a key economic driver, employing thousands

in northern Saskatchewan," Lautermilch said. "It has the best safety

record in Canada."



"The strength and health of the mining industry is important to the

economic future of the province, so it's critical that international

customers see Saskatchewan as a stable, long-term producer of uranium with

a positive business climate."



Saskatchewan is a world leader in uranium mining and is home to the largest

and richest uranium and potash deposits, accounting for approximately 30

per cent of global production of each. The uranium industry is responsible

for 4,300 jobs directly and indirectly, and has invested more than $3.2

billion in capital, exploration and predevelopment expenditures in

Saskatchewan.



Lautermilch will also be meeting with Cogema Resources. Cogema Resources

is a major uranium producer in Saskatchewan and its parent company is

headquartered in France.



Mining is Saskatchewan's third largest industry after oil and natural gas,

and agriculture.

It contributes $2.4 billion a year to the provincial economy and generates

more than 17,000 jobs directly and indirectly. Mining companies paid $240

million in direct mineral royalties and taxes last year.



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For more information, contact:



Bob Ellis

Industry and Resources

Regina

Phone: (306) 787-1691