MWNT - Mine Waste Solutions (Proprietary) Limited - Update regarding Water

MWNT - Mine Waste Solutions (Proprietary) Limited - Update regarding Water      
Tribunal hearing                                                                
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                                                
NEWS RELEASE - 2 December 2011                                                  
UPDATE REGARDING WATER TRIBUNAL HEARING                                         
Johannesburg - Mine Waste Solutions (Proprietary) Limited (JSE:MWNT) (ISIN: ZAE 
ZAE000156261) ("MWS" or "the Company") has announced that the South African     
Water Tribunal ("the Tribunal") met on December 1, 2011 to hear the appeal by   
the Federation for a Sustainable Environment ("FSE") to suspend the Water Use   
Licence which was issued to MWS by the Department of Water Affairs in June 2010.
The Tribunal has advised that all parties will be informed once a decision on   
the matter had been made, although no timeframe was indicated. Noteholders will 
be informed of the outcome accordingly. MWS continues to operate under the terms
of its valid Water Use Licence.                                                 
For further information, please contact:                                        
Investor queries: Gail Strauss - gailstrauss@mweb.co.za                         
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 and First Uranium Corporation`s most recent management`s discussion   
and analysis of the unaudited consolidated financial position and results of    
operations for the three and six months ended September 30, 2011 which can be   
downloaded from First Uranium`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: 02/12/2011 07:12:18 Supplied by www.sharenet.co.za                     
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