FUM - First Uranium Corporation - Shareholder update regarding Water Tribunal
FUM
FIU
FUM - First Uranium Corporation - Shareholder update regarding Water Tribunal
hearing
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
SHAREHOLDER UPDATE REGARDING WATER TRIBUNAL HEARING
TORONTO and JOHANNESBURG, December 1, 2011 - First Uranium Corporation (Toronto:
FIU.TO) (JSE: FUM) (ISIN: CA33744R1029) ("First Uranium" or the "Company") has
announced that the South African Water Tribunal ("the Tribunal") met on December
1, 2011 to hear the appeal by the Federation for a Sustainable Environment
("FSE") to suspend the Water Use Licence which was issued to Mine Waste
Solutions ("MWS") by the Department of Water Affairs in June 2010.
The Tribunal has advised that all parties will be informed once a decision on
the matter had been made, although no timeframe was indicated. Shareholders will
be informed of the outcome accordingly. MWS continues to operate under the terms
of its valid Water Use Licence.
For further information, please contact:
Investor queries: Gail Strauss - gailstrauss@mweb.co.za
About First Uranium Corporation
First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of becoming
a low-cost producer of gold and uranium through the expansion of the underground
development to feed the new gold and uranium plants at the Ezulwini Mine and the
ramp-up of production at the Mine Waste Solutions (MWS) tailings recovery
facility following the completion of a significant gold capital expansion
program in May 2011. Both operations are located in South Africa.
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: 02/12/2011 07:12:01 Produced by the JSE SENS Department.
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