MWNT - Mine Waste Solutions (Proprietary) Limited - Report on voting results

MWNT - Mine Waste Solutions (Proprietary) Limited - Report on voting results    
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 SOLUTION (PROPRIETARY) LIMITED                                       
REPORT ON VOTING RESULTS                                                        
We hereby advise of the results of voting on the matters submitted to the       
joint meeting (the "Meeting") of the holders (the "Noteholders") of Rand Notes  
and the Canadian Notes (each as defined below) of Mine Waste Solutions          
(Proprietary) Limited and First Uranium Corporation, respectively, held on      
June 13, 2012.                                                                  
All capitalized terms not defined herein, shall have the meanings ascribed      
thereto in the management information circular of the Corporation for the       
meeting of Noteholders and Debentureholders dated May 4, 2012 (the              
"Circular").                                                                    
The matters voted upon at the Meeting and the results of the voting were as     
follows:                                                                        
ITEM 1                                                                          
Amendments to the Note Indentures:  To consider and, if deemed advisable, to    
pass, with or without variation, an extraordinary resolution of the             
Noteholders, the full text of which is set forth in Schedule "A" to the         
Circular (the "Note Resolution"), approving the terms of a supplemental         
indenture in respect of the Corporation`s 7% secured convertible Cdn$110        
million notes due March 31, 2013 (the "Canadian Notes") and approving the       
terms of the supplemental indenture in respect of MWS`s 11% secured             
convertible ZAR 418.6 million notes due March 31, 2013 (the "Rand Notes" and    
together with the Canadian Notes, the "Notes"), as more particularly described  
in the Circular.                                                                
Results:                                                                        
Pursuant to the indentures for the Rand Notes and the Canadian Notes, voting    
rights are calculated on the basis of the number of Common Shares into which    
the Rand Notes or the Canadian Notes, as the case may be, could be put and      
exchanged or converted, respectively, in accordance with the relevant           
indenture.                                                                      
By way of ballot on the votes cast by Noteholders or proxy holders, with at     
least 66-23% of the votes required, 93,148,152 were voted FOR the resolution,   
representing 93.54% of the votes cast at the Meeting, and 6,428,602 were voted  
AGAINST the resolution, representing 6.46% of the votes cast at the Meeting.    
Dated this 19th day of June, 2012.                                              
Sponsor: Investec Bank Limited                                                  
Date: 19/06/2012 10:00:02 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.