Risk Management Policy

AREVA Resources Canada Inc. recognizes that risk is inherent to our business and is committed to managing all significant risks in a proactive and effective manner. AREVA acknowledges that risk management is an essential element in the framework of good corporate governance and is an integral part of good management practice. The effective management of risk is vital to the continued growth and success of our organization.

To meet this commitment, AREVA shall:

• comply with applicable legislation and other requirements to which AREVA subscribes;
• identify, measure, assess, prioritize, manage, monitor and treat all significant risks in a consistent manner across the organization;
• support risk management by providing the appropriate tools and resources;
• establish a common risk language to provide a consistent framework for the definition and categorization of risk and the organization of its risk management activities; and
• provide dependable assurance that significant risk to the business is managed.

This policy is made available to the public.

Vincent Martin
President and Chief Executive Officer