MWNT - Mine Waste Solutions - MWS receives Directive to Cease Operations

MWNT - Mine Waste Solutions - MWS receives Directive to Cease Operations        
Mine Waste Solutions (Proprietary) Limited                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 2000/1443/07)                                              
(a wholly owned subsidiary of First Uranium Corporation)                        
JSE code MWNT, ISIN: ZAE000156261                                               
("Mine Waste Solutions", "MWS" or "the Company")                                
NEWS RELEASE - July 26, 2011                                                    
MWS receives Directive to Cease Operations                                      
Johannesburg - Mine Waste Solutions (Proprietary) Limited (JSE:MWNT) (ISIN:     
ZAE000156261) ("MWS" or "the Company") announced today that the South African   
National Nuclear Regulator (the "NNR") issued a directive to the Company to     
cease deposition of material on all of the existing tailings storage facilities,
including the new life of mine tailings storage facility, citing alleged issues 
regarding pipeline maintenance and non-reporting. The directive may be lifted by
the NNR upon the Company demonstrating its compliance with the terms of the     
directive.  In the interim, the Company has complied with the directive and     
suspended operations.  Notwithstanding the above, the Company believes that it  
materially complies with the requirements of the NNR Act and as such will be    
seeking injunctive relief from the local courts.                                
For further information, please contact:                                        
Scot Sobey                                                                      
Executive Vice President                                                        
Tel:  +27 11 278 7001                                                           
Debt Sponsor:Investec Bank Limited                                              
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.     
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. For   
more details on these risks and uncertainties, see the Company`s pre-listing    
statement can be downloaded from First Uranium Corporation`s website at         
www.firsturanium.com.. 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                                                            
Date: 26/07/2011 08:09:39 Supplied by www.sharenet.co.za                     
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