FIRST URANIUM SIGNS DEFINITIVE AGREEMENT WITH SOUTHWIND

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, April 26, 2022 (GLOBE NEWSWIRE) — First Uranium Resources Ltd. (the “ Company ” or “ First Uranium ”) (CSE: URNM) is pleased to announce that further to its news release of March 9, 2022, it has entered into a definitive agreement providing it with an option to acquire (the “ Option ”) all of the shares of Southwind Corporation (“ Sout hwind ”), a Delaware corporation (the “ Option Agreement ”). Southwind’s principal asset is a land package in Arkansas comprising a phosphate and rare earth metals project. The Option Agreement becomes effective following the satisfaction of certain conditions precedent including, but not limited to the completion of a reorganization of the shareholdings of Southwind.

Pursuant to the terms of the Option Agreement, the Company will have the option to acquire […]

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