6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934

For the month of May, 2010

Cameco Corporation

(Commission file No. 1-14228)

2121-11th Street West
Saskatoon, Saskatchewan, Canada S7M 1J3
(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F o Form 40-F þ

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Exhibit Index
Exhibit No.	Description	Page No.
1.	Press Release dated May 26, 2010	3 - 4

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 27, 2010	Cameco Corporation
	By:
		“Gary M.S. Chad”
		Gary M.S. Chad Senior Vice-President, Governance, Law and Corporate Secretary

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EX-99.1

Exhibit 1

TSX: CCO
NYSE: CCJ website: cameco.com
currency: Cdn (unless noted)

2121 - 11^th Street West, Saskatoon, Saskatchewan, S7M 1J3 Canada
Tel: (306) 956-6200 Fax: (306) 956-6201

Cameco Board Re-Elected

Saskatoon, Saskatchewan, Canada, May 26, 2010

Cameco Corporation (TSX: CCO; NYSE: CCJ) has announced the re-election of 12 board members at its annual meeting today.

Shareholders re-elected board members John Clappison, Joe Colvin, James Curtiss, Donald Deranger, James Gowans, Gerald Grandey, Nancy Hopkins, Oyvind Hushovd, George Ivany, Anne McLellan, Neil McMillan and Victor Zaleschuk.

The meeting also marked the retirement of two long-time board members, Senator Robert Peterson and Mr. George Dembroski.

Senator Peterson, who is the president and chief operating officer of Regina-based Denro Holdings Ltd. and is an engineer by profession, joined Cameco’s board in 1994. He was appointed to the Canadian Senate in 2005.

Mr. Dembroski, a chartered accountant, has been a board member since 1996. He is a former vice-chairman and director of RBC Dominion Securities Ltd.

“Over the years, Senator Peterson has provided Cameco with valuable insight on stakeholder relations in Saskatchewan and Canada,” said board chairman Victor Zaleschuk. “Mr. Dembroski, during his tenure, was a strong voice for shareholder value and provided the board sound advice on public equity markets.”

Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world’s largest uranium producers. The company’s uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco’s shares trade on the Toronto and New York stock exchanges.

- End -

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Investor inquiries:	Bob Lillie	(306) 956-6639
Media inquiries:	Lyle Krahn	(306) 956-6316

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