| Fri 11 Dec 2009, 8:34 | | FUM - First Uranium Corporation - First Uranium Chairman Nigel Brunette and |
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FUM
FIU
FUM - First Uranium Corporation - First Uranium Chairman Nigel Brunette and
Ceo Gordon Miller to relinquish Simmer & Jack Roles to focus exclusively on
First Uranium
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
NEWS RELEASE - December 11, 2009
FIRST URANIUM CHAIRMAN NIGEL BRUNETTE AND CEO GORDON MILLER TO RELINQUISH
SIMMER & JACK ROLES TO FOCUS EXCLUSIVELY ON FIRST URANIUM
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or "the Company") today announced that in
early 2010 Chairman Nigel Brunette and President and CEO Gordon Miller will
relinquish their roles at associate company Simmer and Jack Mines Limited
("Simmer & Jack") to focus exclusively on First Uranium.
Robert Franklin, Lead Independent Director of First Uranium`s board of
directors said:
"Nigel and Gordon have divided their time between two companies for the last
three years, which has enabled First Uranium to draw on the technical support
of its largest shareholder, Simmer & Jack, during an intensive capital program
when our resources were limited. The capital program, at the Company`s
Ezulwini Mine, has been mostly completed and production is increasing as
underground development continues. Also, the capital program at Mine Waste
Solutions is now in its final stages and production continues to ramp up at
that operation. On behalf of my fellow independent directors and the
shareholders of First Uranium, I welcome this decision by Nigel and Gordon to
focus their time and attention exclusively on First Uranium".
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 operations situated
in South Africa.
For further information, please contact:
Bob Tait, Vice President, Investor Relations at bob@firsturanium.ca
+1 416 342-5639 (office) or +1 416 558-3858 (mobile)
1240-155 University Avenue, Toronto, ON M5H 3B7
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 production 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.
Important factors could cause actual results to differ materially from First
Uranium`s expectations. Such factors include, among others: the timing and
amount of estimated future production and the costs thereof; the failure of
plant, equipment or processes to operate as anticipated; accidents; labour
disputes; delays in obtaining governmental approvals, as well as those factors
discussed under "Risk Factors" in First Uranium`s Annual Information Form
dated June 29, 2009 as filed with securities regulatory authorities in Canada.
Although First Uranium has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended.
11 December 2009
Sponsor: Investec Bank Limited
Date: 11/12/2009 08:34:04 Produced by the JSE SENS Department.
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