| Fri 7 May 2010, 9:14 | | FUM - First Uranium Corporation - News Release |
|
FUM
FIU
FUM - First Uranium Corporation - News Release
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
FIRST URANIUM NAMES NEW CHAIRMAN, LEAD INDEPENDENT DIRECTOR
AND THE COMPOSITION OF THE COMMITTEES OF THE BOARD
Deon van der Mescht confirmed as President and CEO
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or the "Company") announced that its
reconstituted Board of Directors has appointed Peter Surgey as Chairman of the
Board and John Hick as Lead Independent Director. Deon van der Mescht was
confirmed as President and Chief Executive Officer, and subject to approval of
the Toronto Stock Exchange, he was appointed a director. As announced on
March 16, 2010, Mr. vd Mescht, was appointed Interim President and CEO of
First Uranium in connection with the most recent financing of the Company.
The Committees of the Board of Directors will be comprised as follows:
Audit Committee
- Clinton Halsey (Chair)
- John Hick
- David Cohen
Corporate Governance and Nominating Committee
- Patrick Evans (Chair)
- John Hick
- Kevin Wakeford
- Graham Wanblad
Human Resources and Compensation Committee
- Graham Wanblad (Chair)
- Peter Surgey
- Clinton Halsey
Environmental, Health and Safety Committee
- Graham Wanblad (Chair)
- Deon van der Mescht
- Kevin Wakeford
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 are forward-looking statements (or forward-
looking information). The Company`s plans involve various estimates and
assumptions and its business and operations are subject to various risks and
uncertainties. For more details on these estimates, assumptions, risks and
uncertainties, see the Company`s most recent Annual Information Form and most
recent Management Discussion and Analysis on file with the Canadian provincial
securities regulatory authorities on SEDAR at www.sedar.com. 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.
7 May 2010
Sponsor: Investec Bank Limited
Date: 07/05/2010 09:14:01 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.
