Proposed Consolidation of Shares

Core Points - First American Uranium Inc. plans to consolidate its common shares on a basis of one post-consolidated share for every two pre-consolidated shares [1] - The current number of issued and outstanding shares is 12,247,181, which will reduce to approximately 6,123,590 shares post-consolidation [2] - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share [3] - Shareholder approval is not required for the consolidation, but it is subject to the approval of the Canadian Securities Exchange [4] - The company is engaged in mineral exploration and acquisition of mineral property assets in North America, focusing on the Silver Lake properties [5]