| Fri 1 Feb 2008, 15:18 | | FUM - First Uranium Corporation - News release - 90% of total power consumption |
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FUM
FIU
FUM - First Uranium Corporation - News release - 90% of total power consumption
restored to First Uranium`s operations
First Uranium Corporation
(Continued under the laws of British Columbia, Canada)
(Registration number C0777384)
(South African registration number 2007/009016/10)
ISIN: CA33744R1029
Share code: FUM
("First Uranium")
NEWS RELEASE - February 1, 2008
90% OF TOTAL POWER CONSUMPTION RESTORED TO FIRST URANIUM`S OPERATIONS
Toronto, Ontario and Johannesburg, South Africa - (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or "the Company") confirmed that South
Africa`s national power utility, Eskom, has authorized the Company to
immediately increase electricity load at its operations from 80% to 90% in a
gradual ramp up. Eskom also informed the Company that this authorization could
be withdrawn at a later date, as national electricity supply is still tight.
An update regarding the effect of the power constraints on the Company`s
operations will be issued as soon as more information becomes available.
First Uranium Corporation
1240-155 University Avenue, Toronto, ON Canada M5H 3B7
www.firsturanium.com
For further information, please contact:
Bob Tait, VP Investor Relations at 416 558-3858 or
bob@firsturanium.com
This document may contain or refer to forward-looking information based on
current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.
Sponsor: Investec Bank
Date: 01/02/2008 15:18:01 Produced by the JSE SENS Department.
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