First Uranium and Gold One Execute Definitive Agreement for Sale of Ezulwini Mine

TORONTO AND JOHANNESBURG, April 2, 2012 /CNW/ – First Uranium Corporation (TSX: FIU; JSE: FUM)(ISIN: CA33744R1029) (“FIU” or the “Company”) announced that the Company has signed a binding Sale of Shares and Claims Agreement (the “Gold One Agreement”) for the sale of 100% of the issued shares of, and all shareholders’ claims against, First Uranium Limited (Cyprus) (“FUL”), which holds all of the issued shares of the Ezulwini Mining Company (Proprietary) Limited (“EMC”), for a total consideration of US$ 70 million to Gold One International Limited (“Gold One”) (the “Gold One Transaction”).