FIRST URANIUM CORPORATION - Algold concludes acquisition of First Uranium

Algold concludes acquisition of First Uranium

First Uranium Corporation
(Continued under the laws of Ontario, Canada)
(Registration number 2082276)
(South African registration number 2007/009016/10)
Share code: FUU ISIN: CA33744R5087

20 December 2013

ALGOLD CONCLUDES ACQUISITION OF FIRST URANIUM

MONTREAL, QC and TORONTO, ON – Algold Resources Ltd. ("Algold") (TSXV:ALG) and First
Uranium Corporation ("FIU")(NEX: FIU.H) (JSE: FUU) are pleased to announce that on
December 19, 2013, Algold completed the previously announced plan of arrangement (the
"Arrangement") between FIU and Algold and effective today, Algold has acquired all of the
issued and outstanding units (“FIU Units”) of FIU.

FIU shareholders will receive 0.0729849 of an Algold share for each FIU Unit held. In addition,
for every full Algold share issued to an FIU shareholder, such holder will receive ½ of one Algold
common share purchase warrant (the "Algold Warrants"). Each full Algold Warrant entitles the
holder thereof to purchase one Algold share at a price of $0.20 per Algold share at any time for
a period of eighteen months following the issuance of the Algold Warrants.

For more information on the Arrangement, please refer to the announcement issued on
October 29, 2013.

ABOUT ALGOLD

Algold Resources Ltd. is focused on the exploration and development of gold deposits in West
Africa. The board of directors and management team are seasoned resource industry
professionals with extensive experience in the exploration and development of world-class gold
projects in Africa.

FOR FURTHER INFORMATION

Please contact:

FIRST URANIUM COPRORATION                                   ALGOLD RESOURCES LTD.


Mary Batoff                                                 Francois Auclair
Director                                                    President and CEO
(416) 306-3072                                              (514) 889 5089

20 December 2013

Investec Bank Limited (Sponsor - First Uranium)

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