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First Uranium's Ezulwini Prospecting Rights Application Accepted by South African Department of Minerals and Energy

16 April 2007

Toronto and Johannesburg – First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) (“First Uranium” or “the Company”) today announced that the South African Department of Minerals and Energy (“DME”) has accepted for consideration the Company’s application in respect of a Prospecting Work Program (the “Program”) on contiguous properties to the north-east and south-east of First Uranium’s Ezulwini underground uranium and gold mining project in South Africa.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

FIRST URANIUM’S EZULWINI PROSPECTING RIGHTS APPLICATION ACCEPTED BY SOUTH AFRICAN DEPARTMENT OF MINERALS AND ENERGY

Toronto and Johannesburg – First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) (“First Uranium” or “the Company”) today announced that the South African Department of Minerals and Energy (“DME”) has accepted for consideration the Company’s application in respect of a Prospecting Work Program (the “Program”) on contiguous properties to the north-east and south-east of First Uranium’s Ezulwini underground uranium and gold mining project in South Africa.

The initial stages of the Program will test the strike extent of the Middle Elsburg Reef in an area east of the Ezulwini project. The Program will include surface diamond drill exploration with drill hole depths of up to 2,000 metres. Previous exploration drilling conducted in the area by Gencor confirmed the presence of mineralization along the approximately 20 kilometres of strike within the prospecting area included in the Program (see map).

The Ezulwini project and the properties which are the subject of the Program are located in the Witwatersand Basin, which is the largest known gold province in the world, with deposits having been mined for well over 100 years. Several groups of reefs have been identified in the area, including the Livingstone Reefs, the South Reef, the Kimberley Reefs, the Bird Reefs, the Mondeor Reefs, the Ventersdorp Contact Reef and the Black Reef, as well as the Elsburg Reefs associated with the Ezulwini project. Within these reefs, a total of nine economic reef horizons have been mined at depths below surface of between 600 metres and 1,260 metres.

Acceptance by the DME implies that no other parties have made prior application for the prospecting rights, and that, subject to the Company complying with all the requirements of the DME, the rights will in due course be granted. However, the Company must submit the following to the DME to obtain their approval for the grant of the rights prior to commencing the Program:

* the results of a notification and consultation with the surface owners of the land overlying the Program area by May 13, 2007;
* an acceptable Environmental Management Plan by June 12, 2007; and
* confirmation of the Company’s qualifying Black Economic Empowerment credentials.

The Program fits within the Company’s strategy to focus its exploration on or near its current projects in order to leverage the infrastructure of those projects.
For instance, at Ezulwini the Company is currently working on re-commissioning the Ezulwini mine with the intention to start hoisting uranium ore and gold production in October 2007 and is scheduled to complete construction of new uranium and gold plants by June 2008.

Cautionary Language regarding Forward-Looking Information

This news release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release including, without limitation, statements regarding processing and development plans and future plans and objectives of First Uranium are forward-looking statements (or forward-looking information) that involve various risks and uncertainties. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.

Important factors could cause actual results to differ materially from First Uranium’s expectations. Such factors include, among others: the actual results of the planned feasibility studies on First Uranium’s projects; the actual results of additional exploration and development activities at First Uranium’s projects; the timing and amount of estimated future production and the costs thereof; capital expenditures; the costs and timing of the development of First Uranium’s projects; the availability of any additional capital required to bring future projects into production; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of commodities; the failure of plant, equipment or processes to operate as anticipated; accidents; labour disputes; delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities; currency fluctuations, as well as those factors discussed under “Risk Factors” in First Uranium’s final prospectus dated December 12, 2006 as filed with securities regulatory authorities in Canada. Although First Uranium has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

About First Uranium CorporationFirst Uranium Corporation 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 opportunities.

First Uranium Corporation
1240-155 University Avenue, Toronto, ON Canada M5H 3B7
www.firsturanium.com

For further information, 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 bob@firsturanium.com


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