First Gold Exploration Inc.

First Gold Exploration Inc.

February 12, 2010 16:13 ET

First Gold Holds its Annual Meeting

LAVAL, QUEBEC--(Marketwire - Feb. 12, 2010) - First Gold Exploration Inc. (TSX VENTURE:EFG) (FRANKFURT:F12) is pleased to announce that Robert Ayotte has been appointed chairman of the board of the Company in replacement of Denis Simoneau. The Company also announces the appointment of Nathalie Laurin as corporate secretary of the Company.

Robert Ayotte is the president of Brionor Resources Inc., a public company active in the exploration and development of mining properties that has been listed on the TSX Venture Exchange since November 2009. Prior to the recent acquisition of Normabec Mining Resources by First Majestic Silver Corp. on November 13, 2009, Mr. Ayotte was president and chief executive officer of Normabec, a mining exploration company with a number of mining projects in Canada and Mexico, from December 1993 until November 2009. Previously, he served as vice president, mine finance for two Canadian brokerage firms. He sits on several boards of directors of public companies listed on the TSX Venture Exchange. Robert Ayotte has a bachelor's degree in administration (finance).

Nathalie Laurin has worked as an administrative assistant and accounting technician since 1987. She began working for a securities firm in 1993, where she became familiar with the financial industry. From 1998 to 2002, she worked for a company in a combined position of administrative assistant, accounting technician and project management. From 2002 to 2006, she worked for the brokerage firm Jones, Gable & Company Limited. Ms. Laurin has been self-employed since March 2006, providing bookkeeping, audit file preparation and follow-up services for legal, regulatory and administrative matters. Her work experience enables her to maintain close professional relations with various people involved in the financial and natural resources industries.

First Gold Exploration wishes to take the opportunity to announce that, at its annual meeting held on February 10, 2010, all items were approved by the shareholders, with 100% of votes received, including the proposed slate of directors and the auditors, whose mandate was renewed.

First Gold also announces it has increased by 1,875,791 the number of common shares reserved for issuance pursuant to its stock option plan. The number of common shares reserved for issuance under the Plan is now set at 6,065,791 being 10% of the number of shares issued and outstanding as of the date hereof. The board of directors also approved an amendment to the stock option plan extending the expiration date of the options by 90 days to 12 months in the event that someone other than a person providing investor relations services ceases to be eligible under the plan. The increase and amendment are subject to the approval of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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