First American Uranium Reports on New Mexico’s Past Uranium Mining and Potential at Red Basin Project

First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) is pleased to provide information on past exploration and production of uranium in New Mexico, specifically in the region of the Company’s Red Basin Uranium/Vanadium Property located in the Grants district, which contains the state’s most important uranium deposits. Over 340 million pounds of U3O8 were produced from these deposits in northwestern New Mexico from 1948 to 2002, accounting for 97% of the state’s total production and exceeding 30% of America’s total production.