First Uranium announces fatal accident at Ezulwini Mine

TORONTO AND JOHANNESBURG, Nov. 14, 2011 /PRNewswire/ - It is with deep regret that First Uranium Corporation (Toronto: FIU.TO) (JSE: FUM) (ISIN: CA33744R1029) ("First Uranium" or the "Company") today announced that a fall of ground has claimed the life of an underground employee at its Ezulwini Mine. The incident occurred on 48 level in an O-line stoping panel.

In terms of section 54 of the Mine Health and Safety Act (South Africa), the Department of Mineral Resources has issued an instruction to withdraw all workers from the affected area until such time as an investigation into the incident has been completed.  Accordingly, underground mining activity at the Ezulwini Mine has been suspended.

The Company has extended its sincere condolences to the family, friends and co-workers of the deceased.

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

SOURCE First Uranium Corporation