EXHIBIT 99. 4

     For fiscal years ended December 31, 2005 and December 31, 2004, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:

	2005		2004
Audit fees:
Cameco — audit	$	389,000	$	386,000
Cameco — securities		100,000		—
Centerra — audit		574,800		400,500
Centerra — securities		—		275,000
	$	1,063,800	$	1,061,500
Audit — related fees:
Bruce Power Reorganization	$	70,000		—
SOX 404 Scoping Project		35,000	$	75,000
Translation services		10,000		9,000
Accounting disclosure		—		14,000
Pensions and other		7,500		10,700
	$	122,500	$	108,700
Tax:
Compliance	$	160,400	$	83,800
Planning and advice		36,400		55,400
	$	196,800	$	139,200
All other fees:
		—		—
Total	$	1,383,100	$	1,309,400

     Pre-Approval Policies and Procedures

As part of Cameco’s corporate governance practices, under Cameco’s audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. Unless a type of service is to be provided by the external auditors receives general pre-approval, it requires specific pre-approval by Cameco’s audit committee or audit committee chair, or in the absence of the audit committee chair, a member of the audit committee as designated by the audit committee. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles.