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) Date: 20/12/2013 07:45:00 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.