First Uranium Corporation Completes Management Team with CFO Appointment



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
    NEWSWIRE SERVICES/

    TORONTO, March 28 /CNW/ - First Uranium Corporation (FIU:TSX) ("First
Uranium" or "the Company") today announced the appointment of Emma Oosthuizen
as Chief Financial Officer. With her appointment, First Uranium has completed
its near term goal of hiring its management team to lead the Company in the
execution of its strategies.
    "I am pleased to have someone of Emma's caliber and qualifications to
take on this vital role at First Uranium," said Gordon Miller, President and
Chief Executive Officer of First Uranium. "Her familiarity with the Company
and our confidence in her abilities were significant factors in choosing Emma.
We have been very impressed by her capacity to handle a very big workload and
how quickly she has gained a working knowledge of Canadian disclosure
regulations."
    Effective April 1, Emma will become First Uranium's Chief Financial
Officer and, among her other duties, she will assume responsibility for
ensuring that:
    
    -  effective financial controls are in place;
    -  financial and business risks are mitigated;
    -  financial statements are prepared and audited; and
    -  the Company meets the financial reporting regulations in Canada and
       South Africa.
    

    Emma has been directly involved in the financial affairs of First Uranium
in her current role with the Company's parent, Simmer and Jack Mines, Limited
("Simmers"). Since November 2004, Emma served as Financial Manager at Simmers
and in that role she has worked extensively on all aspects of First Uranium's
accounting and financial affairs both before and after the Company's IPO in
December, 2006. She played a lead role in preparing the disclosure for the
Company's recent interim results and in planning its disclosure processes for
the year ending March 31, 2007.
    Prior to joining Simmers, Emma was a financial manager with Randgold &
Exploration Company Limited ("RGE"), which is a publicly-traded company listed
in the United States and South Africa. At RGE, she was responsible for SEC
filings, managing relationships with internal and external auditors and
participating in audit committee meetings. Prior to that, Emma joined the
South African Receiver of Revenue as a VAT auditor. While there, she was
promoted to integrated tax auditor, where she supervised a team of six tax
auditors. Emma is a CA (SA), has a UNISA diploma in Auditing and a Honors
Bachelors degree in Commerce from the University of Pretoria.
    Mr. Miller added, "We thank Gerhard Jacobs for successfully serving as
interim CFO since the Company's initial public offering late last year and for
his valuable contribution to the planning and coordination of the offering.
Gerhard will continue on in his role as CFO of Simmers and be intimately
involved while Emma transitions to her new position."

    First Uranium Corporation is focused on the development of South African
uranium and gold mines with the goal of becoming a significant producer
through the re-opening and development of the Ezulwini underground mine, and
the construction of the Buffelsfontein tailings recovery facility. First
Uranium also plans to grow production by pursuing acquisition and joint
venture opportunities.

    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.

    First Uranium Corporation
    1240-155 University Avenue, Toronto, ON Canada M5H 3B7
    www.firsturanium.com





For further information:

For further information: Gordon Miller, President and Chief Executive
Officer, at +27 11 830 0390; or Bob Tait, VP Investor Relations, at (416)
486-4392, or bob@firsturanium.com

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First Uranium Corporation

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