Exploration Licence 2855 Liverpool – Northern Territory Annual Report CONFIDENTIAL Date: March 2005 Report No.: LP05-01 Period: 25th July 2004 - 24th July 2005 Fifth Year of Exploration Author: Michael Carter, Geologist III Copies: Cameco Australia Pty Ltd (1) Northern Territory Department of Business Industry & Resource Development Mines & Energy Division (DBIRDME) ((1) Cameco Corporation (1) Northern Land Council (1) ------------------------------------------------------------------------ This report and all data is submitted on compact disc(s) in Adobe Acrobat (.pdf) version 5 format which can be read using the Adobe reader. Please refer to Explanation_of_Files.pdf in the Data Folder for a description of Data files. Exploration data is generally presented as Microsoft Excel spreadsheets in the Data Folder. Non-editable replicas of these spreadsheets are generally presented as .pdf files in the Tables Folder. --------------------------------------------------------------------------