First Uranium Resources Ltd. Enters Marketing Agreement and Further Increase to the Private Placement to $8,500,000

FIRST URANIUM RESOURCES LTD.

1500 – 1055 West Georgia Street

Vancouver, British Columbia V6E 4N7

FIRST URANIUM RESOURCES LTD. ENTERS MARKETING AGREEMENT AND

FURTHER INCREASE TO THE PRIVATE PLACEMENT TO $8,500,000

Vancouver, British Columbia, March 25, 2022 – First Uranium Resources Ltd. (the “Company”

or “First Uranium”) (CSE: URNM) (OTCPK:KMMIF) (FSE:5KA0) is pleased to announce it

has retained MMG Market Medium GmbH & Co. (“MMG”) for EUR300,000 for a term of 60

days. MMG has been engaged for native advertising and digital marketing services to increase

brand awareness for the Company. Certain services to be provided by MMG are anticipated to

include investor relations activities under the policies of the CSE and applicable securities laws.

The Company will continue to look at strategic consultants to expand awareness of the Company

and its activities.

In addition to the marketing agreements disclosed above, the Company has further increased the

size of the brokered private placement announced on March 9, 2022 and upsized on March 24,

2022 to an aggregate total of $8,500,000 due to significant institutional demand.

About First Uranium

First Uranium is a resource exploration issuer focused on locating and exploring natural resource

projects in North America. The Company has one project in Saskatchewan, Canada.

For further information contact:

Kelvin Lee

Chief Financial Officer

Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the Canadian Securities Exchange) accepts responsibility for the

adequacy or accuracy of this news release.

FORWARD LOOKING STATEMENTS:

This news release includes certain statements that may be deemed “forward-looking statements”.

All statements in this news release, other than statements of historical facts, that address events or

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developments that the Company expects to occur, are forward-looking statements. Forward-

looking statements are statements that are not historical facts and are generally, but not always,

identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,

“projects”, “potential” and similar expressions, or that events or conditions “will”, “would”,

“may”, “could” or “should” occur. Although the Company believes the expectations expressed

in such forward-looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in the

forward-looking statements. Factors that could cause the actual results to differ materially from

those in forward-looking statements include regulatory actions, market prices, and continued

availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any such statements are not guarantees of future performance and

actual results or developments may differ materially from those projected in the forward-looking

statements. Forward-looking statements are based on the beliefs, estimates and opinions of the

Company's management on the date the statements are made. Except as required by applicable

securities laws, the Company undertakes no obligation to update these forward-looking statements

in the event that management's beliefs, estimates or opinions, or other factors, should change.