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From The Canadian Press, November 6, 2009 - 3:14 p.m.

Gold Wheaton signs deal for share of gold production from South African mine

By The Canadian Press

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VANCOUVER, B.C. - Gold Wheaton Gold Corp. (TSXV:GLW) said Friday it has signed a deal with First Uranium Corp. (TSX:FIU) to buy seven per cent of the gold production from the Ezulwini Mine in South Africa.

Under the agreement, Gold Wheaton will pay US$50 million on the closing of the deal plus the lesser of US$400 per delivered ounce and the prevailing spot price of gold, subject to an annual inflation adjustment.

First Uranium's subsidiary Ezulwini Mining Co. holds a mining right over approximately 3,718 hectares, about 40 kilometres from Johannesburg.

EMC has redeveloped the old North Section of the Western Areas gold mine with a new mining area being opened up and a new gold and uranium processing plant recently constructed and commissioned.

The deal is expected to close later this month.

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