EXHIBIT 99.8

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of Cameco Corporation

We consent to the inclusion in this annual report on Form 40-F of:

– our auditors’ report dated February 23, 2010 on the consolidated balance sheets of Cameco Corporation (the “Corporation”) as at December 31, 2009 and 2008, and the consolidated statements of earnings, shareholders’ equity, comprehensive income and cash flows for each of the years in the 2-year period ended December 31, 2009,

– our Comments by Auditors for US Readers on Canada-US Reporting Differences, dated February 23, 2010,

– our auditors’ report on reconciliation to United States GAAP dated February 23, 2010, and

– our Report of Independent Registered Public Accounting Firm dated February 23, 2010 on the Corporation’s internal control over financial reporting as of December 31, 2009,

each of which is contained in this annual report on Form 40-F of the Corporation for the fiscal year ended December 31, 2009.

We also consent to the incorporation by reference of such reports in the registration statements (Nos. 333-11736, 333-6180 and 333-139165) on Form S-8 for the Cameco Corporation Stock Option Plan, and registration statement (No. 333-139324) on Form S-8 for the Cameco Corporation Employee Share Ownership Plan.

/s/ KPMG LLP

Chartered Accountants

Saskatoon, Canada

March 31, 2010