First Uranium Corporation - First Uranium announces Resignation of Non-executive Director

TORONTO AND JOHANNESBURG, Jan. 4, 2012 /CNW/ - First Uranium Corporation (TSX: FIU) (JSE: FUM) (ISIN: CA33744R1029) ("First Uranium" or the "Company") announced today that Mr. Mario Caron has resigned from the board of directors of the Company in order to focus on his position as Chief Executive Officer of Aldridge Minerals Inc. to which he was recently appointed.  The board of directors of First Uranium wish to thank Mr. Caron for his past service and contribution to the Company.

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

SOURCE First Uranium Corporation

For further information:

Mary Batoff
Vice President, Legal
Mary.Batoff@firsturanium.com

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