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AREVA Receives McClean Lake Operation License Amendment from CNSC

Press Release

January 09, 2013

SASKATOON, Saskatchewan, January 9, 2013 – AREVA Resources Canada Inc. has received a license amendment for its McClean Lake operation in northern Saskatchewan from the Canadian Nuclear Safety Commission’s (CNSC) allowing for processing of high-grade ore from the Cigar Lake mine, expected to begin operations later this year.

This CNSC decision announced on Dec. 20, allows AREVA to operate the receiving and milling circuits for high-grade ore and increase the annual capacity of the McClean Lake mill to 13 million pounds (5,900 tonnes) of uranium concentrate. It also allows AREVA to receive and process ore from the McArthur River mine should it decide to pursue this contingency.

“With this license, AREVA is another step closer to meeting its objective of re-starting the McClean Lake mill and processing Cigar Lake ore later this year. Through the upgrade and expansion of the McClean Lake mill, AREVA and its partners are investing in Saskatchewan’s economic future,” said Vincent Martin, President and CEO of AREVA Resources Canada Inc.

Construction on the first phase of the McClean Lake expansion to bring annual production capacity to 24 million pounds (10,900 tonnes) of uranium concentrate began last summer; the second phase, which is currently undergoing regulatory approval, is scheduled to begin this summer. The McClean Lake partners include AREVA, Denison Mines Corp., and OURD (Canada) Co. Ltd.

Contacts

Jarret Adams
Phone: +1 (306) 343-4637
Email: jarret.adams@areva.com



Véronique Larlham
Phone: +1 (306) 343-4503
Email: veronique.larlham@areva.com

More About AREVA

AREVA provides its customers with solutions for low-carbon power generation in North America and all over the world. As the leader in nuclear energy and a significant, growing player in the renewable energies sector, AREVA combines U.S. and Canadian leadership, access to worldwide expertise and a proven track record of performance. Sustainable development is a core component of AREVA’s strategy. Its more than 4,000 U.S. and Canadian employees work every day to make AREVA a responsible industrial player helping to supply ever cleaner, safer and more economical energy to the greatest number of people. AREVA Inc. is headquartered in Bethesda, Maryland. Visit us online at http://us.areva.com and follow us on Twitter: @AREVAinc.

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