First Uranium updates Ezulwini Mine technical report

Tuesday, Mar 23, 2010

TORONTO and JOHANNESBURG, March 23 /PRNewswire-FirstCall/ -- First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or the "Company") has updated its Preliminary Assessment technical report for the Ezulwini Mine in South Africa. The revised base case economic valuation for Ezulwini yields a net present value ("NPV") of $437 million, at an 8% discount rate, and an internal rate of return ("IRR") of 524% based on the following broad assumptions:

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First Uranium updates Ezulwini Mine technical report

Tuesday, Mar 23, 2010

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