/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
TORONTO, March 28 /CNW/ - First Uranium Corporation (FIU:TSX) ("First Uranium"
or "the Company") today announced the appointment of Emma Oosthuizen as Chief
Financial Officer. With her appointment, First Uranium has completed its near
term goal of hiring its management team to lead the Company in the execution of
"I am pleased to have someone of Emma's caliber and qualifications to take on
this vital role at First Uranium," said Gordon Miller, President and Chief
Executive Officer of First Uranium. "Her familiarity with the Company and our
confidence in her abilities were significant factors in choosing Emma. We have
been very impressed by her capacity to handle a very big workload and how
quickly she has gained a working knowledge of Canadian disclosure regulations."
Effective April 1, Emma will become First Uranium's Chief Financial Officer
and, among her other duties, she will assume responsibility for ensuring that:
Emma has been directly involved in the financial affairs of First Uranium in
her current role with the Company's parent, Simmer and Jack Mines, Limited
("Simmers"). Since November 2004, Emma served as Financial Manager at Simmers
and in that role she has worked extensively on all aspects of First Uranium's
accounting and financial affairs both before and after the Company's IPO in
December, 2006. She played a lead role in preparing the disclosure for the
Company's recent interim results and in planning its disclosure processes for
the year ending March 31, 2007.
Prior to joining Simmers, Emma was a financial manager with Randgold &
Exploration Company Limited ("RGE"), which is a publicly-traded company listed
in the United States and South Africa. At RGE, she was responsible for SEC
filings, managing relationships with internal and external auditors and
participating in audit committee meetings. Prior to that, Emma joined the South
African Receiver of Revenue as a VAT auditor. While there, she was promoted to
integrated tax auditor, where she supervised a team of six tax auditors. Emma
is a CA (SA), has a UNISA diploma in Auditing and a Honors Bachelors degree in
Commerce from the University of Pretoria.
Mr. Miller added, "We thank Gerhard Jacobs for successfully serving as interim
CFO since the Company's initial public offering late last year and for his
valuable contribution to the planning and coordination of the offering. Gerhard
will continue on in his role as CFO of Simmers and be intimately involved while
Emma transitions to her new position."
First 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
This document may contain or refer to forward-looking information based on
current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.
First Uranium Corporation
1240-155 University Avenue, Toronto, ON Canada M5H 3B7
For further information: Gordon Miller, President and Chief Executive Officer,
at +27 11 830 0390; or Bob Tait, VP Investor Relations, at (416) 486-4392, or
CO: First Uranium Corporation
NI: MNG 2575 WNEWS
-0- Mar/28/2007 23:17 GMT
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