First Uranium Corporation - Fatality at the Ezulwini mine
Published : August 12, 2011
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Keywords :   Gold | Market | Recovery | South Africa | Uranium |

TORONTO AND JOHANNESBURG, Aug. 12, 2011 /CNW/ - First Uranium Corporation (News - Market indicators) (JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or the "Company") has regrettably announced that on August 11, 2011 a fatality occurred at the Ezulwini mine.

An internal investigation is underway to determine the cause of the incident.  A day of mourning started on Thursday evening night shift in sympathy of the deceased.

The Department of Mineral Resource's review and investigation is also in progress.

Management extends 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 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 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.

For further information:

www.firsturanium.com

Data and Statistics for these countries : South Africa | All
Gold and Silver Prices for these countries : South Africa | All

First Uranium

PRODUCER
CODE : FIU.TO
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First Uranium is a uranium producing company based in South africa.

First Uranium produces uranium, gold in South Africa.

Its main assets in production are EZULWINI and (MWS) BUFFELSFONTEIN TAILING PROJECT in South Africa.

First Uranium is listed in Canada. Its market capitalisation is CA$ 38.1 millions as of today (US$ 38.7 millions, € 30.9 millions).

Its stock quote reached its highest recent level on December 21, 2007 at CA$ 9.98, and its lowest recent point on May 25, 2012 at CA$ 0.06.

First Uranium has 238 435 000 shares outstanding.

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Financings of First Uranium
3/1/2011Closes $52,000,000 Bought Deal Financing
2/22/2011Announces Terms of Public Equity Offering
Financials of First Uranium
6/6/2011PROVIDES UPDATES ON OPERATIONS AND FINANCIAL RESULTS
2/18/2011Financial Update
2/2/2011announces financial results for the three-months ended Decem...
Project news of First Uranium
8/12/2011(Ezulwini)- Fatality at the Ezulwini mine
1/27/2011((mws) Buffelsfontein Tailing Project)Q3 2011 PRODUCTION RESULTS FOR THE THREE MONTHS ENDED DECEMB...
11/8/2006((mws) Buffelsfontein Tailing Project)2006 Technical report
11/8/2006(Ezulwini)2006 Technical report
Corporate news of First Uranium
9/16/2011subsidiary advises of purported withdrawal of MWS mining rig...
8/29/2011enters Management Agreement with BEE Company
7/22/2011AngloGold Ashanti to Acquire Interest in First Uranium from ...
7/13/2011- Shareholder Update - Board Initiates Strategic Review
4/29/2011SEEKS NOTEHOLDER CONSENT TO AMEND MWS/GOLD WHEATON COMPLETIO...
11/29/2008Gold Wheaton Signs Definitive Agreement With First Uranium C...
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