F i r s t U r a n i u m C o r p o r a t i o n NEWS RELEASE - August 29, 2012 First Uranium announces Changes in Stock Listing

Toronto and Johannesburg - First Uranium Corporation (TSX:FIU.UN), (JSE:FUU) (ISIN:CA33744 R5087) ("First Uranium" or "the Corporation") today announced that, as previously reported, it made a voluntary application to delist from the Toronto Stock Exchange and applied to the NEX Board (the "NEX") of the TSX Venture Exchange to list the units of First Uranium. The units will be delisted from the Toronto Stock Exchange at the close of the market on Friday, August 31, 2012 and the units will commence trading on the NEX on Tuesday, September 4, 2012, the markets being closed in Toronto on Monday, September 3, 2012, for the Labour Day holiday.

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Mary Batoff: (416) 306