| Fri 4 Mar 2011, 7:05 | | FUM - First Uranium Corporation - First Uranium announces resignation of non- |
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FUM
FIU
FUM - First Uranium Corporation - First Uranium announces resignation of non-
executive director
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
FIRST URANIUM ANNOUNCES RESIGNATION OF NON-EXECUTIVE DIRECTOR
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)
("First Uranium" or the "Company") (ISIN:CA33744R1029) announced today that
Mr. Clinton Halsey has tendered his resignation from the Board of Directors of
the Company. Mr. Halsey is an Executive Director and Chief Financial Officer
of Village Main Reef Gold Mining Company (1934) Limited, which has proposed
plans to merge with Simmer and Jack, Limited ("Simmers"). Simmers is First
Uranium`s largest shareholder and, as such, Mr. Halsey has resigned to avoid
any conflict of interest that may arise.
Mr. Halsey`s resignation takes effect immediately. The Board of Directors of
First Uranium wishes to thank him for his past service and contribution to the
company.
About First Uranium Corporation
First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of
becoming a 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 (MWS) tailings recovery facility, both operations situated 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:
Julian Gwillim, julian@aprio.co.za
Gail Strauss, gailstrauss@mweb.co.za
Sponsor :Investec Bank Limited
4 March 2011
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.
www.firsturanium.com
Date: 04/03/2011 07:05:24 Produced by the JSE SENS Department.
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