| Thu 9 Jun 2011, 7:38 | | FUM - News Release: First Uranium announces changes to its board of directors |
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FUM
FIU
FUM - News Release: First Uranium announces changes to its board of directors
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 - June 8, 2011
FIRST URANIUM ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
TORONTO and JOHANNESBURG, June 8, 2011 - First Uranium Corporation (TSX: FIU)
(JSE: FUM) ("First Uranium" or the "Company") (ISIN:CA33744R1029) announced
today that Messrs. Hugh Cameron, Normand Champigny and Thabo Mosololi have been
appointed to the Board of Directors of First Uranium and that Mr. David Cohen
has resigned.
Mr. Cameron was a Partner at PricewaterhouseCoopers and during his 40 year
career with that firm and its predecessors, he specialized in mining and headed
up their global mining practice from 2002 to 2007 and served as the firm`s
mining leader for Southern Africa from 2007 until his retirement in 2010. He
also gained additional international experience working in PwC`s London and
Chicago offices. Mr. Cameron attended the University of the Witswatersrand and
holds a Bachelor of Commerce and a Bachelor of Accountancy. He qualified as a
Chartered Accountant (SA) in 1974. Mr. Cameron has been an Independent Non-
Executive Director of Impala Platinum Holdings Ltd since November 1, 2010.
Mr. Champigny is President and Chief Operating Officer and a director of Golden
Alliance Resources Corp. and Blue Sky Uranium Corp., both TSX listed companies,
focused on gold, copper and silver exploration in Peru, and uranium in
Argentina, respectively. He is a senior mining professional with 30 years of
international practice mostly with world-leading consultancy organizations.
Previous experience includes: involvement with PricewaterhouseCoopers` Americas`
Mining Centre of Excellence; Executive Vice President, Azimut Exploration Inc.;
Associate Partner, IBM Business Consulting Services; and, Americas Mining
Industry Leader and Principal Consultant for the Mining Industry Group with PwC
Consulting. Mr. Champigny graduated as a Geological Engineer from Ecole
Polytechnique in 1979 and obtained an M.Sc.A. in Geological Engineering from the
University of British Columbia (1981) and a Specialized Diploma in Geostatistics
from the Paris School of Mines (1987). He is a member of the Order des
IngEnieurs du Quebec, a member of the Professional Engineers of Ontario and a
member of the Association of Professional Engineers and Geoscientists of British
Columbia.
Mr. Thabo Mosololi has been the Financial Director of Tsogo Sun Gaming since
2002. His expertise includes management consulting, financial re-engineering and
strategy development. He is Chartered Accountant (1994) and a member of the
South African Institute of Chartered Accountants and the Association of Black
Chartered Accountants in South Africa. In 1999, Mr. Mosololi was appointed by
the South African Minister of Finance to the Financial Services Board Insider
Trading Directorate and served on that board until 2003. He was a Commissioner
on the Fiscal & Financial Commission from 2001 to 2003. Mr. Mosololi holds a
Bachelor of Commerce from the University of the Western Cape (1991), a Diploma
in Project Management from Damelin College (1997), and completed the Management
Advancement Programme (1999) and Executive Development Programme (2004) at the
Wits Business School. He has also served as a director and audit committee
member of Telkom Ltd. (October 2004 to September 2007) and as a director and
chairman of the audit committee of Matodzi Ltd. (March 2003 to January 2007).
Mr. David Cohen has resigned from the Board of Directors of the Company. Mr
Cohen is the former Chairman and Chief Executive Officer of Gold Wheaton Gold
Corp., which was recently acquired by Franco Nevada. The Board of Directors of
First Uranium wishes to thank Mr. Cohen for his past service and contribution to
the Company.
The appointment each of Messrs. Cameron, Champigny and Mosololi is subject to
the acceptance of the Toronto Stock Exchange.
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.
Cautionary Language Regarding Forward-Looking Information
This document may contain or refer to forward-looking information based on
current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.
www.firsturanium.com
Date: 09/06/2011 07:38:01 Produced by the JSE SENS Department.
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