Monday November 30 2009 - News Release

Mr. Bob Tait reports

FIRST URANIUM PROVIDES UPDATE ON THE EZULWINI GOLD STREAM TRANSACTION

First Uranium Corp. has provided its status on the definitive agreement with Gold Wheaton (Barbados) Corp., a wholly-owned subsidiary of Gold Wheaton Gold Corp., in respect transaction (see Stockwatch) to raise $50-million (U.S.) from GW for GW's right to purchase 7 per cent of the estimated 5.8 million ounces of life-of-mine gold production from the company's Ezulwini mine in South Africa.

The company has received notification Nov. 30, 2009, that the South African Reserve Bank has approved the transaction. The company expects that the transaction will close on or around Dec. 7, 2009.