FUM - First Uranium Corporation - Fatal accident at Ezulwini Mine

FUM - First Uranium Corporation - Fatal accident at Ezulwini Mine               
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                                           
November 14, 2011                                                               
FATAL ACCIDENT AT EZULWINI MINE                                                 
TORONTO and JOHANNESBURG, November 14, 2011 - It is with deep regret            
that First Uranium Corporation (Toronto: FIU.TO) (JSE: FUM) (ISIN:              
CA33744R1029) ("First Uranium" or the "Company") today announced that a         
fall of ground has claimed the life of an underground employee at its           
Ezulwini Mine. The incident occurred on 48 level in an O-line stoping           
panel.                                                                          
In terms of section 54 of the Mine Health and Safety Act (South                 
Africa), the Department of Mineral Resources has issued an instruction          
to withdraw all workers from the affected area until such time as an            
investigation into the incident has been completed.  Accordingly,               
underground mining activity at the Ezulwini Mine has been suspended.            
The Company has extended its sincere condolences to the family, friends         
and co-workers of the deceased.                                                 
For further information, please contact:                                        
Gail Strauss - gailstrauss@mweb.co.za                                           
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 plants          
at the Ezulwini Mine and the ramp-up of production at the Mine Waste            
Solutions (MWS) tailings recovery facility following the completion of          
a significant gold capital expansion program in May 2011. Both                  
operations are located in South Africa.                                         
Cautionary Language Regarding Forward-Looking Information                       
This document may contain or refer to forward-looking information based         
on current expectations. Forward-looking statements are subject to              
significant risks and uncertainties, and other factors that could cause         
actual results to differ materially from expected results. These                
forward-looking statements are made as of the date hereof and we assume         
no responsibility to update or revise them to reflect new events or             
circumstances.                                                                  
www.firsturanium.com                                                            
Date: 14/11/2011 16:29:48 Supplied by www.sharenet.co.za                     
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