| Wed 8 Jul 2009, 7:18 | | FUM - First Uranium Corporation- Appoints new chief operating officers |
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FUM
FIU
FUM - First Uranium Corporation- Appoints new chief operating officers
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")
FIRST URANIUM CORPORATION
First Uranium Corporation Appoints New Chief Operating Officers
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or "the Company") has appointed Scot Sobey
as Chief Operating Officer ("COO") of Chemwes, the wholly-owned subsidiary of
First Uranium that operates the Mine Waste Solutions tailings recovery project
("MWS") and John Gould as acting COO of the Ezulwini Mining Company, the wholly-
owned subsidiary of First Uranium that operates the Ezulwini Mine. These
appointments are part of an organizational re-structuring to appoint a single
leader at each operation with the intent of ensuring that the Company achieves
its critical production growth milestones.
"Scot Sobey is an obvious choice as our new COO for MWS," said Gordon Miller,
President and Chief Executive Officer of First Uranium. "Scot is very familiar
with the operation and the staff at MWS and, from its inception, has worked
extensively on many aspects of this operation. He has earned the confidence of
the MWS team, the Company`s Executive and the First Uranium Board of Directors."
Prior to this appointment, Scot Sobey has been serving as First Uranium`s Vice
President, Business Development, having been appointed to that position in
February 2007. Mr. Sobey`s background lies in management consulting and project
management, having spent four years with Gemini Consulting, followed by two
years with PSP Icon. Mr. Sobey has developed extensive expertise in large-scale
turnaround and transformation projects spanning the mining, financial services,
courier and freight, telecommunications and electricity industries. From October
2005, he jointly project managed the start up of the Buffelsfontein Gold Mine,
formerly known as DRD Gold`s North West Operations. Mr Sobey formed an integral
part of the Company`s initial public offering team in December 2006.
Mr. Miller also commented on John Gould`s appointment. "John brings excellent
qualifications and experience to this important role at First Uranium. His
familiarity with the resources, mine plan and operations at the Ezulwini Mine
make John an ideal candidate for this position. He is well respected in the
industry and amongst his colleagues at the Ezwulini Mine and has proven himself
as a valued member of First Uranium`s executive management team."
John Gould has served as First Uranium`s Vice President, Exploration and
Technical Services since he was appointed to that position in February 2008. He
has been involved in all aspects of gold mining in South Africa, including mines
in the vicinity of the Ezulwini Mine. Mr. Gould has held a variety of positions
with South African mining companies, including Mine Geologist, Technical
Services Manager, Mine Manager and Executive Director, and most recently, until
October 2007, served as Managing Director of Platinum Group Metals Limited, a
developing junior mining company. He has previously worked with Gold Fields of
South Africa, JCI and Harmony Gold Mines. Mr. Gould also played a leading role
in the development and support of South Africa`s Mineral and Petroleum Resources
Development Act.
Mr. Miller added, "Coincident with these announcements, Syd Caddy, who
diligently stewarded the operations through the massive development phase of the
last 18 months, has decided to leave the Company for personal reasons. We
thank Syd for his tireless devotion to the Company`s objectives and wish him the
very best for the future."
About First Uranium Corporation
First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of becoming
a significant low-cost producer of uranium and gold through the expansion of
the underground development to feed the new uranium and gold plants at the
Ezulwini Mine and through the expansion of the plant capacity of the Mine Waste
Solutions tailings recovery facility, both in South Africa. First Uranium also
plans to grow production by pursuing value-enhancing acquisition and joint
venture opportunities in South Africa and elsewhere.
For further information, please contact:
Bob Tait, VP Investor Relations at bob@firsturanium.ca or
+1 416 342-5639 (office) or +1 416 558-3858 (mobile)
1240-155 University Avenue, Toronto, ON Canada M5H 3B7 www.firsturanium.com
Cautionary Language regarding Forward-Looking Information
This news release contains and refers to forward-looking information based on
current expectations. All other statements other than statements of historical
fact included in this release including, without limitation, statements
regarding processing and development plans and future plans and objectives of
First Uranium are forward-looking statements (or forward-looking information)
that involve various risks and uncertainties. These forward-looking statements
are made as of the date hereof and there can be no assurance that such
statements will prove to be accurate, such statements are subject to significant
risks and uncertainties, and actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements that are included
herein, except in accordance with applicable securities laws.
8 July 2009
Sponsor:
Investec Bank Limited
Date: 08/07/2009 07:18:51 Produced by the JSE SENS Department.
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