Fi r s t Ur a n i u m Corpor a t ion NEWS RELEASE - November 14, 2013 First Uranium announces financial results for the six months ended September 30, 2013.

For the Management Discussion & Analysis and Financial Statements please refer to SEDAR at www.sedar.com. All amounts are in US dollars ("$"), except where otherwise indicated.

Toronto and Johannesburg - First Uranium Corporation (NEX:FIU.H) (JSE:FUU) (ISIN:CA33744R5047) ("First Uranium" or "the Corporation") today announced its financial results for the six months ended September 30, 2013.

Abbreviation

Period

Abbreviation

Period

Q1 2013

Q2 2013

Q3 2013

Q4 2013

FY 2013

April 1, 2012 - June 30, 2012

July 1, 2012 - September 30, 2012

October 1, 2012 - December 31, 2012

January 1, 2013 - March 31, 2013

April 1, 2012 - March 31, 2013

Q1 2014

Q2 2014

Q3 2014

Q4 2014

FY 2014

April 1, 2013 - June 30, 2013

July 1, 2013 - September 30, 2013

October 1, 2013 - December 31, 2013

January 1, 2014 - March 31, 2014

April 1, 2013 - March 31, 2014

Recent Developments

As previously announced on October 29, 2013, First Uranium entered into a definitive agreement (Arrangement Agreement) with Algold Resources Ltd. (Algold) pursuant to which Algold will acquire, by way of a court