May 22, 1998

NOTICE OF APPLICATION

The Nunavut Water Board (NWB) has received the following application.

Proponent:	Cameco Corporation.

2121 -11th street West

Saskatoon, Sask

S7M 1J3

Name & Location	Sahara Lake Project

of Project:	northeast of Baker Lake

65 02' 30' N, 98 59' 30' W

Purpose:	Mineral Exploration , including

Diamond drilling and camp operations.

This application was screened by the Nunavut Impact Review Board, and can now be processed. The NWB shall hold a public hearing before approving the application but it may waive this requirement if no public concern is expressed before June 19, 1998.

For more information, please contact:

NWB Licence Administrator

Box 119, Gjoa Haven, NT, XOE IJO

Telephone: (867) 360-6338; Fax (867) 360-6369