| Wed 1 Feb 2012, 17:15 | | FUM - First Uranium Corporation - News release - 1 February 2012 |
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FUM
FIU
FUM - First Uranium Corporation - News release - 1 February 2012
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 - 1 February 2012
First Uranium announces that the Federation for a Sustainable Environment
is appealing the decision of the South African Water Tribunal
TORONTO and JOHANNESBURG, February 1, 2012 - First Uranium Corporation
(Toronto: FIU) (JSE: FUM) (ISIN: CA33744R1029) ("First Uranium" or the
"Company") announced that it has received today notification that the
Federation for a Sustainable Environment ("FSE") submitted a notice of
appeal to the High Court of South Africa regarding the recent decision of
the South African Water Tribunal dismissing the appeal lodged by the FSE
against Mine Waste Solutions` Water Use Licence (see the Company`s press
release dated January 4, 2012). The Water Tribunal found that it had no
jurisdiction to hear the case and consequently the FSE had no legal
standing to bring the appeal.
The Company has not received a copy of the FSE`s appeal application.
The Company intends to vigorously defend the appeal.
For further information, please contact:
Adam Gunn - adam.gunn@firsturanium.com
Scot Sobey - scot.sobey@firsturanium.com
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 news release contains and refers to forward-looking information based
on current expectations. All other statements other than statements of
historical fact, including the future plans and objectives of First
Uranium, are forward-looking statements (or forward-looking information)
that involve risks and uncertainties. For more details on these estimates,
assumptions, risks and uncertainties, see the Company`s most recent Annual
Information Form on file with the Canadian provincial securities regulatory
authorities on SEDAR at www.sedar.com. Readers should not place undue
reliance on forward-looking statements that are included herein, except in
accordance with applicable securities laws.
www.firsturanium.com
Sponsor: Investec Bank Limited
Date: 01/02/2012 17:15:01 Produced by the JSE SENS Department.
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