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Wed 19 Dec 2007, 16:46 FUM - First Uranium Corporation - Dealing in Securities
FUM
 FIU                                                                             
FUM - First Uranium Corporation - Dealing in Securities                         
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                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Company director:             Ari Kgomongwe                                     
Date of transaction:          December 14, 2007                                 
Class of shares:              Common shares                                     
Nature of transaction:        Acquisition of 6,141,009 Common Shares by Desert  
                             Charm Trading 221 (Proprietary) Limited (trading   
                             as Waterpan Mining Consortium) ("Waterpan")        
Number of shares:             Not applicable                                    
Purchase price:               Cdn$7.00 per share                                
Selling price:                Not applicable                                    
Class of shares:              Common shares                                     
Nature of interest:           Indirect - Discretionary beneficiary of a         
discretionary trust which holds the shares of      
                             Omphile Investments which is a holder of a 22.5%   
                             interest in Waterpan                               
Clearance obtained:           Yes                                               
Additional Information:       The number of common shares issued and their      
                             effective price were determined by First Uranium   
                             Corporation and the shareholders of Waterpan       
                             pursuant to an agreement originally dated December 
20, 2006. See also SENS announcement on December   
                             18, 2007 regarding transaction                     
Company director:             Ari Kgomongwe                                     
Date of transaction:          December 14, 2007                                 
Class of shares:              Common shares                                     
Nature of transaction:        Sale of Common Shares by Desert Charm Trading 221 
                             (Proprietary) Limited (trading as Waterpan Mining  
                             Consortium) ("Waterpan")                           
Number of shares:             Not applicable                                    
Purchase price:               Not applicable                                    
Selling price:                Cdn$9.50 per share                                
Class of shares:              Common shares                                     
Nature of interest:           Indirect - Discretionary beneficiary of a         
                             discretionary trust which holds the shares of      
                             Omphile Investments which is a holder of a 22.5%   
                             interest in Waterpan                               
Clearance obtained:           Yes                                               
Additional Information:       See SENS announcement on December 18, 2007        
                             regarding transaction                              
December 19, 2007                                                               
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 19/12/2007 16:46:48 Produced by the JSE SENS Department.                  
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