FUM - First Uranium Corporation - Mine Waste Solutions submits six month

FUM - First Uranium Corporation - Mine Waste Solutions submits six month        
interim financial statements to the JSE Limited                                 
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                                              
MINE WASTE SOLUTIONS SUBMITS SIX MONTH INTERIM FINANCIAL STATEMENTS TO THE      
JSE LIMITED                                                                     
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)         
( FUM ISIN:CA33744R1029)("First Uranium")announced today that in connection     
with the continuous disclosure obligations under the rules of the JSE           
Limited ("JSE"), Mine Waste Solutions (Proprietary) Limited ("MWS")issued       
its unaudited interim abridged consolidated financial statements                
(the "Financial Statements") for the six month period ended 30 September,       
2011.                                                                           
As a wholly-owned subsidiary of First Uranium, the results of MWS and its       
wholly-owned subsidiary, Chemwes (Proprietary) Limited were included in         
First Uranium`s unaudited consolidated financial statements and related         
Management`s Discussion and Analysis for the three and six months ended         
September 30, 2011.                                                             
Attached is the notice issued on SENS by MWS together a copy of the MWS`s       
Financial Statements.                                                           
MWS listed its 11% secured convertible notes due 31 March 2013 on the JSE       
on 15 July 2011.                                                                
29 December 2011                                                                
Johannesburg                                                                    
For further information, please contact:                                        
Mary Batoff                                                                     
Vice President, Legal                                                           
Suite 1210, 141 Adelaide Street West                                            
Toronto, Ontario, Canada M5H 3L5                                                
mary@firsturanium.ca                                                            
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). First Uranium`s plans involve various             
estimates and assumptions and its business and operations are subject to        
various risks and uncertainties. For more details on these estimates,           
assumptions, risks and uncertainties, see the First Uranium`s most recent       
Annual Information Form and most recent Management Discussion and Analysis      
on file with the Canadian provincial securities regulatory authorities on       
SEDAR at www.sedar.com. These forward-looking statements are made as of 9       
November 2011 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. Accordingly, readers should not      
place undue reliance on forward-looking statements that are included            
herein, except in accordance with applicable securities laws.                   
Date: 29/12/2011 10:40:24 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.