Simmers partially terminates securities lending agreement with Investec Bank Limited

    (Incorporated in the Republic of South Africa)
    (Registration number 1924/007778/06)
    Share code: SIM
    ISIN: ZAE000006722

    JOHANNESBURG, Sept. 19 /CNW/ - Simmers entered into a securities lending
agreement (the "SLA") with Investec Bank Limited ("Investec") dated April 30,
2007 pursuant to which Simmers loaned to Investec up to 7.5 million common
shares of First Uranium Corporation ("FIU") for purposes of increasing the
liquidity of FIU's common shares on the Toronto Stock Exchange and the JSE
Limited. Simmers subsequently provided notice to Investec that it wished to
terminate the SLA with respect to 2.5 million FIU common shares and on
August 20, 2007 ownership of 2.5 million FIU common shares was transferred
back to Simmers by Investec. Excluding the 5 million FIU common shares that
continue to be subject to the SLA, Simmers holds 76,722,653 FIU common shares,
representing approximately 61% of the issued and outstanding common shares of

    Sasfin Capital
    A Division of Sasfin Bank Limited

For further information:

For further information: Simmer & Jack Mines, Limited, 5 Press Avenue,
Selby, Johannesburg 2025, or Gail Strauss on +27 (0) 84 777
4060; For information on First Uranium Corporation, please contact: Gordon
Miller, President and Chief Executive Officer at +27 11 830 0390 or Bob Tait,
VP Investor Relations at (416) 558-3858 or

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