Management changes to position First Uranium for future growth

(ISIN:CA33744R1029) First Uranium Corporation ("First Uranium" or "the
Company") today announced several management changes and new appointments that
it believes will best allocate the experience and strengths of its management
team and position the Company for future growth.

    -   Jim Fisher, moves to Executive Vice President, Corporate Development
        in the Company's Toronto office from his current position as
        Chief Operating Officer
    -   Syd Caddy, joins the Company from Simmer and Jack Mines Limited as
        Executive Vice President and Chief Operating Officer, responsible for
        all of the Company's operating and exploration activities
    -   Wouter de Vos joins the Company as General Manager of the
        Ezulwini Mine, an underground uranium and gold mine
    -   John Gould, joins the Company as Vice President Exploration and
        Business Development responsible for all of the Company's
        exploration, technical services and growth projects and will report
        to Syd Caddy
    -   Scot Sobey, VP Business Development will continue to focus on the
        Company's South African and global growth initiatives, working
        closely with Jim Fisher
    -   Barry Smit, joins the Company as Consulting Mining Engineer and will
        focus on the Company's expansion project at the Ezulwini Mine

    "It has always been part of First Uranium's vision to grow production by
pursuing acquisition and joint venture opportunities," said Gordon Miller,
President and CEO of First Uranium. "While there is still plenty of
opportunity to grow the number and scope of our projects within southern
Africa, some of the world's best mines with the lowest operational risks have
been developed in the Americas. This move puts Jim Fisher and all of his
experience in the optimum locale to find those kinds of projects for our
    Mr. Miller added, "We are fortunate to have quality individuals such as
Syd Caddy, Wouter de Vos, John Gould and Barry Smit join the Company and lend
their vast experience to our project development and future strategies."
    In a separate development, Chopper Van der Bijl, age 61, has retired from
his position as General Manager, Ezulwini Mining Company. Of Mr. Van der Bijl,
Gordon Miller said, "I am greatly indebted to his contributions to the
building of the Ezulwini Mine as an operation of great substance. I am
obviously disappointed to lose someone of Chopper's experience and abilities,
but respect his decision to leave First Uranium at this point in his life."
Wouter de Vos, will assume the role of General Manager of the Ezulwini Mine
effective February 25, 2008.

    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.

    First Uranium management affected by recent changes:

    Jim Fisher serves as First Uranium's Executive Vice President, Corporate
Development and Chief Operating Officer and as a director of the First Uranium
Board. Mr. Fisher has 28 years' experience in the Southern African mining
industry, including nine years on the Zambian copper belt and the rest in
South Africa. Since February 2006 Mr. Fisher held various senior positions
within First Uranium, including serving as the Company's initial Chief
Operating Officer until February 2008 and prior to that as Chief Executive
Officer of FUSA. From September 2001 to February 2006, Mr. Fisher provided
consulting services on a number of mining and other projects, including
metallurgical consulting services to Simmer and Jack Mines Limited. From
April 1999 to September 2001, Mr. Fisher served as the Business Manager for
the PDWA JV where his duties encompassed strategy and organizational
development, corporate and public relations as well as the definition of and
implementation of the information technology and remuneration strategy.
Mr. Fisher ran the Cooke uranium plant from 1987 to 1989 as well as the
Western Areas North Shaft (now Ezulwini) from 1991 to 1994. Mr. Fisher is a
Chartered Engineer, a fellow of The Institute of Materials, Minerals and
Mining, a member of the South African Institute of Mining and Metallurgy, a
member and past President of the Mine Metallurgical Managers Association of
South Africa.

    Syd Caddy serves as First Uranium's Executive Vice President and Chief
Operating Officer. He has over 31 years' experience in the mining industry
having managed his first mine at the age of 25 when he was appointed mine
manager of Union Tin Mines. He was also instrumental in the start-up
commissioning and running of Black Mountain Minerals for seven years. This was
followed by a career on some of South Africa's best-known gold mines including
general manager of Kloof Gold Mine where he oversaw the design and
construction of the new Number 4 Shaft complex. Mr. Caddy also managed West
Driefontein Gold Mine between 1992 and 1995, before joining JCI Limited in
1996 as consulting engineer responsible for management and control of HJ Joel
Gold Mining Company, Western Areas, Randfontein Estates and Prestea Gold
Mining Company. He served as Executive New Business for Simmer and Jack Mines
Limited from October 2007 until March 2008. A Registered Professional Engineer
with the Engineering Council of South Africa and a Fellow of the South African
Institute of Mining and Metallurgy and the Australian Institute of Mining and
Metallurgy, he is also Past President of the Association of Mine Managers of
South Africa.

    Wouter de Vos serves as General Manager at First Uranium's Ezulwini Mine.
Mr. de Vos brings 30 years of mining experience to this position. From
March 2006 to February 2008, Mr. de Vos was the General Manager of the
Buffelsfontein Gold Mine owned and operated by Simmer and Jack Gold Mines.
Previously he worked for consulting engineers and project managers Read,
Swatman and Voigt (Pty) Ltd as Project Manager from 2005 to 2006 and as
Construction Manger from 2002 to 2003. Mr. de Vos has held positions of
increasing responsibility at several mining companies throughout his career
including Messina Platinum Mines Limited (S.P.C.) from 2003 to 2005, Placer
Dome Western Areas Joint Venture from 1989 to 2001; Consolidated Modderfontein
Mine Ltd from 1988 to 1989; and Durban Roodepoort Deep Ltd from 1978 to 1988.

    John Gould serves as First Uranium's Vice President, Exploration and
Business Development. He has been involved in Witwatersrand-type and
Bushveld-type mining operations in South Africa with experience in all aspects
of mining including deep and shallow level gold mining operations
(Venterspost, East Driefontein, Randfontein Estates, Joel Gold Mine, ERPM,
Grootvlei Gold Mine, Harmony and Virginia Gold Mines) as well as experience in
the platinum mines (Rustenburg Platinum Mines - Amandelbult Section). Mr.
Gould held the positions of Mine Geologist through to Technical Services
Manager (including geology, rock mechanics, ventilation, survey, mining, mine
planning and sampling), Mine Manager, and Executive Member of local mining
companies and until October 2007, Managing Director for a developing junior.
He has been involved with Gold Fields of South Africa, Johannesburg
Consolidated Investment Company, Harmony Gold Mine and finally Platinum Group
Metals Limited. Until October 2007, John Gould headed up the South African
operations for Platinum Group Metals and was responsible for the development,
market position and technical performance of the company. Mr. Gould has also
played a leading role in the development and support of South Africa's Mineral
Resources and Petroleum Development Act. He was invited to accompany the
Honorable Minister Sonjica on her world tour to the major institutions
throughout the USA, Canada, Europe and Britain.

    Scot Sobey serves as First Uranium's Vice President, Business
Development. Mr. Sobey's background lies in management consulting and project
management, having spent 4 years with Gemini Consulting, followed by 2 years
with PSP Icon. Mr. Sobey has developed extensive expertise in large-scale
turnaround and transformation projects spanning the financial services,
courier and freight, telecommunications, electricity and mining industries.
From October 2005, Mr. Sobey jointly project managed (in conjunction with key
leadership from Simmer and Jack Mines Limited) the start up of the
Buffelsfontein Gold Mine formerly known as DRD Gold's North West Operations.
Most recently, Mr Sobey formed an integral part of First Uranium's Offering

    Barry Smit serves as First Uranium's Consulting Mining Engineer for the
Corporation's Ezulwini Mine. He has 28 years of experience in the platinum,
gold and construction industries, where he was responsible for design,
construction, project management and operations. Mr. Smit is a mining
engineer, with further studies in project management as well as in
environmental and business risk management. He has led several technical
forums for the mining industry at CSIR Miningtek, developing technical
solutions for the South African mining industry.

For further information:

For further information: Bob Tait, VP Investor Relations at (416)
558-3858 or

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