FIRST URANIUM APPOINTMENTS

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Dec 07, 2010, 10:05 ET

TORONTO AND JOHANNESBURG, Dec. 7 /PRNewswire-FirstCall/ - (TSX:FIU; JSE: FUM) - First Uranium Corporation ("First Uranium" or the "Company") has appointed Mr Mario Caron, a Toronto-based senior mining executive to its Board of Directors, with effect from December 3, 2010. In addition, Mr. Scot Sobey has been promoted to Executive Vice President ("EVP").

Peter Surgey, Chairman of First Uranium commented: "Mr. Caron is a respected mining executive with extensive international experience, notably with TSX-listed companies operating in Vietnam, South America as well as West and Central Africa. His qualifications and experience, including his designation as a professional engineer, will add to the board's technical and corporate finance expertise." Mr. Caron brings with him a wealth of operating experience having been President and CEO of Tiberon Minerals Inc. and Vice President Operations for the Defiance Mining Corporation. Mr Caron is currently director and non-executive chairman of Orosur Mining Inc, a TSX-V and AIM listed company focused on South American gold production and exploration. He also serves on the boards of TSX-listed Vaaldiam Mining Inc, a development diamond project in Brazil, and Axmin Inc., a gold exploration and development company, where he recently served as President and CEO.

Commenting on his appointment, Mr. Caron said: "My appointment to the board of First Uranium comes at an exciting time. The Company's development plan is well underway and as a result, it is poised for an exciting phase of growth".

The board also appointed Mr. Scot Sobey as EVP of First Uranium, formalising the additional responsibilities he has undertaken in recent months. Mr. Sobey has held various senior executive positions with the Company since February 2007, most recently as Senior Vice President, Operations, Mine Waste Solutions ("MWS"). As the capital projects at MWS are completed early next year, Mr. Sobey will allocate more time to corporate activities as First Uranium begins to consider opportunities for future growth and development.

About First Uranium Corporation

First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of becoming a low-cost producer of gold and uranium through the expansion of the underground development to feed the new gold and uranium gold plants at the Ezulwini Mine and through the expansion of the plant capacity of the Mine Waste Solutions tailings recovery facility, both located in South Africa.

Cautionary Language Regarding Forward-Looking Information
This news release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact, including the future plans and objectives of First Uranium, are forward-looking statements (or forward-looking information) that involve risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Company's most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities on SEDAR at www.sedar.com. Readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.

www.firsturanium.com

SOURCE First Uranium Corporation