First Uranium Corporation - FATALITY AT THE EZULWINI MINE

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Mar 14, 2011, 02:38 ET

TORONTO and JOHANNESBURG, March 14 /PRNewswire/ - First Uranium Corporation (TSX: FIU) (JSE: FUM) (ISIN: CA33744R1029) ("First Uranium" or the "Company") has announced that on March 12, 2011 a fall of ground accident occurred on 33 level underground at the Ezulwini gold mine that has claimed the life of an employee.

A temporary work stoppage instruction has been issued by the Department of Mineral Resources, pursuant to section 54 of the Mine Health and Safety Act (South Africa), until such time as a preliminary investigation has been completed.

The Company has extended its sincere condolences to the family and friends of the deceased.

About First Uranium Corporation
First Uranium Corporation (TSX: FIU) (JSE: FUM) is focused on its goal of becoming a low-cost producer of uranium and gold through the expansion of the underground development to feed the new uranium and gold plants at the Ezulwini Mine and through the expansion of the plant capacity of the Mine Waste Solutions (MWS) tailings recovery facility, both operations situated in South Africa. First Uranium also plans to grow production by pursuing value-enhancing acquisition and joint venture opportunities in South Africa and elsewhere.

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 included in this release are forward-looking statements (or forward-looking information). The Company's plans involve various estimates and assumptions and its business and operations are subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Company's most recent Annual Information Form and most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, 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