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Thu 9 Dec 2010, 7:05 FUM - First Uranium Corporation - In compliance with Rules 3.63 - 3.74 of the
FUM
FIU                                                                             
FUM - First Uranium Corporation - In compliance with Rules 3.63 - 3.74 of the   
JSE Listing Requirements, the following information is disclosed:               
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:                       Mario Caron                             
Date of Receipt of Signed Contract:     December 6, 2010                        
Class:                                  Stock options to acquire common shares  
Nature of transaction:                  Grant of options to acquire             
                                       common shares under the company`s stock  
                                       option plan - off market                 
Number of stock options:                127,000 stock options, each             
                                       option entitles the holder to purchase   
                                       one common share at the exercise price   
                                       until December 3, 2020                   
Exercise price:                         Cdn$1.38 per share                      
Nature of interest:                     Direct                                  
Clearance obtained:                     Yes                                     
Other remarks:                          The stock options vest as follows:      
one-third of the options vested on the   
                                       date of grant, one-third vest on the     
                                       first anniversary of the date of grant   
                                       and one-third vest on the second         
anniversary of the date of grant         
Date:  December 9, 2010                                                         
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 09/12/2010 07:05:02 Produced by the JSE SENS Department.                  
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