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MWNT - Mine Waste Solutions (Proprietary) Limited - News Release 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 - 1 February 2012 Mine Waste Solutions announces that the Federation for a Sustainable Environment is appealing the decision of the South African Water Tribunal Johannesburg - Mine Waste Solutions (Proprietary) Limited (JSE:MWNT) (ISIN: ZAE ZAE000156261) ("MWS" or "the Company") announced that it has received today notification that the Federation for a Sustainable Environment ("FSE") submitted a notice of appeal to the High Court of South Africa regarding the recent decision of the South African Water Tribunal dismissing the appeal lodged by the FSE against Mine Waste Solutions` Water Use Licence (see the Company`s SENS release dated January 4, 2012). The Water Tribunal found that it had no jurisdiction to hear the case and consequently the FSE had no legal standing to bring the appeal. The Company has not received a copy of the FSE`s appeal application. The Company intends to vigorously defend the appeal. For further information, please contact: Adam Gunn - adam.gunn@firsturanium.com Scot Sobey - scot.sobey@firsturanium.com 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 which can be downloaded from First Uranium Corporation`s website at www.firsturanium.com and First Uranium Corporation`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. Accordingly, readers should not place undue reliance on forward- looking statements that are included herein, except in accordance with applicable securities laws. Sponsor: Investec Bank Limited Date: 01/02/2012 17:15:13 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.
