FUM - First Uranium Corporation - Dealings in Securities

FUM - First Uranium Corporation - Dealings in Securities                        
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                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Secretary of Subsidiaries of Company:   Adam Gunn                               
Date of Transaction:                    June 23, 2011                           
Class:                                  Restricted Stock Units (RSUs)           
Nature of transaction:                  RSUs exercised to acquire common shares 
                                       under the Company`s Restricted Stock     
                                       Unit plan                                
Number of units:                        12,000 RSUs exercised with each RSU     
entitling the holder to acquire one      

common share                                                                    
Exercise price:                         Not applicable                          
Nature of interest:                     Direct                                  
Clearance obtained:                     Yes                                     
Other remarks:                          Not applicable                          
Secretary of Subsidiaries of Company:   Adam Gunn                               
Date of Transaction:                    June 23, 2011                           
Class:                                  Common Shares                           
Nature of transaction:                  Acquisition of Common Shares on exercise
                                       of RSUs                                  
Number of units:                        12,000 Common Shares acquired on        
exercise of 12,000 RSUs.                 

Exercise price:                         Not applicable                          
Nature of interest:                     Direct                                  
Clearance obtained:                     Yes                                     
Other remarks:                          Not applicable.                         
Date:  June 27, 2011                                                            
Sponsor:                                                                        
Investec Bank Limited                                                           
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