90% of total power consumption restored to First Uranium's operations

    TORONTO and JOHANNESBURG, South Africa, Feb. 1 /CNW/ - (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or "the Company") confirmed that South
Africa's national power utility, Eskom, has authorized the Company to
immediately increase electricity load at its operations from 80% to 90% in a
gradual ramp up. Eskom also informed the Company that this authorization could
be withdrawn at a later date, as national electricity supply is still tight.
    An update regarding the effect of the power constraints on the Company's
operations will be issued as soon as more information becomes available.

    First Uranium Corporation
    1240-155 University Avenue, Toronto, ON Canada M5H 3B7

    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.

For further information:

For further information: Bob Tait, VP Investor Relations at (416)
558-3858 or bob@firsturanium.com

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First Uranium Corporation

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