FUM - First Uranium Corporation - Secretary of Subsidiaries receiving stock

FUM - First Uranium Corporation - Secretary of Subsidiaries receiving stock     
options and restricted stock units                                              
First Uranium Corporation                                                       
(Continued under the laws of British Columbia, Canada)                          
(Registration number C0777384)                                                  
(South African registration number 2007/009016/10)                              
Share code:  FUM   ISIN: CA33744R1029                                           
Secretary of Subsidiaries receiving stock options and restricted stock units    
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Secretary of             Adam Gunn                                              
Subsidiaries of                                                                 
Company:                                                                        
Date of Receipt of       January 18, 2011                                       
Signed Contract:                                                                
Class:                   Stock options to acquire common shares                 
Nature of transaction:   Grant of options to acquire common shares under        
                        the company`s stock option plan                         
Number of stock          190,000 stock options, each option entitles the        
options:                 holder to purchase one common share at the             
                        exercise price until November 24, 2020                  
Exercise price:          Cdn$1.24 per share                                     
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Other remarks:           The stock options vest as follows: one-third of        
                        the options vested on the date of grant, one-third      
                        vest on the first anniversary of the date of grant      
and one-third vest on the second anniversary of         

                        the date of grant                                       
                                                                                
Secretary of             Adam Gunn                                              
Subsidiaries of                                                                 
Company:                                                                        
Date of Receipt of       January 18, 2011                                       
Signed Contract:                                                                
Class:                   Restricted Stock Units to acquire common shares        
Nature of transaction:   Grant of RSUs to acquire common shares under the       
                        company`s restricted stock unit plan                    
Number of units:         36,000 RSUs, each RSU entitles the holder to           
acquire one common share.                               

Exercise price:          Not applicable                                         
Nature of interest:      Direct Beneficial                                      
Clearance obtained:      Yes                                                    
Other remarks:           The RSUs vest as follows: one-third of the RSUs        
                        vested immediately, one-third vest on the first         
                        anniversary of the date of grant and one-third          
                        vest on the second anniversary of the date of           
grant.                                                  

                                                                                
Date: January 20, 2011                                                          
                                                                                
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 20/01/2011 09:12:02 Supplied by www.sharenet.co.za                     
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