First Uranium's Ezulwini Mine Impacted by South African Power Cuts: Tailing Recovery Operation Unaffected.

    TORONTO and JOHANNESBURG, Jan. 28 /CNW/ - (TSX:FIU, JSE:FUM) ("First
Uranium" or "the Company") was advised on Friday, January 25, 2008 by South
Africa's national power utility that electric power could not be guaranteed to
any of South Africa's mining operations.
    In the interests of health and safety, the Company temporarily suspended
operations at the Ezulwini Mine. Limited operations (shaft rehabilitation,
ventilation and water pumping) at Ezulwini were continued through the
suspension period and are expected to be ongoing. At this startup stage for
the Ezulwini Mine, it is estimated that for every operation day lost during
the quarter ending March 31, 2008, First Uranium would expect to lose an
average of 888 tonnes of ore processed and approximately 170 ounces of gold
produced. Given their relatively low power requirements, the tailings recovery
operations at Mine Waste Solutions have been unaffected by the power cuts.
    President and CEO of First Uranium, Gordon Miller said, "First Uranium,
together with the mining industry, is currently working with South Africa's
national power utility to minimize the long-term impact of the power cuts on
its South African operations. Indications are that the power disruptions are
temporary and that normal supplies may resume in the near future."

    About First Uranium Corporation

    First Uranium 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

    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

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