Corporate Structure

Name, Address and Incorporation

First Uranium was incorporated on September 22, 2005 under the Business Corporations Act (Ontario) (as 2082276 Ontario Inc., which name was amended to First Uranium Corporation on October 12, 2005).  The private company restrictions were deleted from the Corporation's articles pursuant to Articles of Amendment dated November 7, 2006. Articles of Amendment dated December 13, 2006 evidenced a stock split of First Uranium's common shares, increasing the number of issued and outstanding common shares at that time from 5,675,001 to 6,613,394. On December 15, 2006, First Uranium was continued under the Business Corporations Act (British Columbia) (the "BCBCA").

First Uranium's executive office is located at 141 Adelaide Street West, Suite 1210, Toronto, Ontario.  First Uranium's registered office is located at #2900, 550 West Burrard Street, Vancouver, British Columbia V6C 0A3. First Uranium also maintains an office adjacent to the Ezulwini Mine at 2 Goud Avenue, Westonaria, South Africa.

Notes:

1. The transfer of the Ezulwini mining right from Simmer & Jack to EMC was consented to by the South African Department of Mineral Resources on March 20, 2008 and registered in the name of EMC on April 22, 2010.   See "General Development of the Business - Acquisition of the Ezulwini Mine".

2. On December 20, 2006, FUSA entered into an agreement (the "Buffelsfontein Tailings and Rights Agreement") with BGM and Simmer & Jack pursuant to which, among other things: (i) BGM covenanted to take all necessary steps to obtain all ministerial approvals for the items requested in the Buffelsfontein Conversion Application in order to effect the transfer of the Buffelsfontein Tailings Mining Right to FUSA as soon as possible; (ii) BGM agreed to sell to FUSA, upon FUSA's receipt of the Buffelsfontein Tailings Mining Right, the Buffelsfontein and Hartebeestfontein tailings dams and grant to FUSA a right to the tailings arising from BGM's ongoing mining operations at the BGM Underground Mine; and (iii) BGM will grant a servitude to FUSA for access and egress to BGM's Buffelsfontein property to enable FUSA, its employees, consultants, agents and subcontractors access for purposes of constructing, servicing, and operating the uranium and gold processing plants and tailings pipelines to be built by FUSA. In addition, the Corporation acquired three additional tailings dams previously held by BGM, i.e. Flanagan, Ellaton, and NKGE.  Immediately following the closing of the Offering (defined below), FUSA commenced a variety of pre-development activities to the extent permitted by South African laws while waiting for the review and approval of the Buffelsfontein Conversion Application, including pre-construction planning and structural design work. In June 2007, FUSA acquired Mine Waste Solutions (Proprietary) Limited which included an existing operating gold mine tailings re-processing facility, adjacent to the Buffelsfontein property.  The Corporation changed its plans for the Buffelsfontein Tailings Recovery Project (now called "MWS") such that the historical and future tailings from the BGM mine would be transported to the MWS site and processed through the existing gold plant, and subject to their commissioning, through the planned uranium recovery plant and additional gold recovery facilities.  The original agreement between FUSA, Simmer & Jack and BGM was terminated and a new agreement (the "Tailings and Rights Agreement") entered into between MWS, Simmer & Jack and BGM, subsequently replaced by an agreement between Chemwes, Simmer & Jack and BGM, that reflects the changed plans, on materially similar terms to the original agreement.