First Gold Exploration Inc.
TSX VENTURE : EFG
FRANKFURT : F12

First Gold Exploration Inc.

May 03, 2010 08:00 ET

New Drilling Program Increases Surface Area of Mineralized Zones to 200 Metres by 200 Metres...

...Returns Values Up to 1.59 % Li2O, 4778 g/t Rubidium, 916 g/t Ta2O5, 254 g/t Beryllium and 786 g/t Cesium

LAVAL, QUEBEC--(Marketwire - May 1, 2010) -  First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12) is pleased to confirm the continuity of the various mineralized zones discovered on its property. In fact, 30 of the 32 new holes drilled to date have intercepted mineralization. Results for holes LR-10-11 to LR-10-27 have been received and are shown in the table below. These new results confirm the extension of the zones over a surface area of more than 200 metres by 200 metres. Samples from holes LR-10-28 to LR-10-42 are now in the laboratory, and results will be released as soon as they are received. Positive results for these holes will substantially increase the size of the mineralized zones. Field crews will resume drilling and begin a prospecting program early next week. The Company is also pleased to announce that numerous spudomene-bearing outcrops have been discovered more than 500 metres from the site of drilling on the Rose showing. Geology crews will begin by mapping the new showings discovered to date in order to plan where to drill to assess their potential.

The new results obtained to date are as follows:

HOLE

No.
FROM

(m)
TO

(m)
TRUE
WIDTH

(m)
Li20

(%)
Rb
ppm
(g/t)
Ta2O5
ppm
(g/t)
Be
ppm
(g/t)
Cs
pm
(g/t)
LR-10-11 1.40 2.35 0.95 nsv 373 342 65 33
  19.00 28.75 9.75 1.29 2116 290 102 136
  48.85 51.00 2.15 0.13 1330 42 57 201
  70.85 75.00 4.15 0.47 2431 337 158 129
LR-10-12 11.65 22.70 11.05 1.4 2664 241 101 147
  71.90 76.55 4.65 nsv 3850 284 81 9
LR-10-13 65.05 66.00 0.95 nsv 283 391 16 20
LR-10-14 12.75 23.10 10.35 0.73 4640 180 108 223
  76.45 82.25 5.80 0.1 1405 329 112 261
LR-10-15 26.40 36.30 9.90 1.2 2841 150 101 146
  82.50 86.95 4.05 0.29 4519 329 91 194
LR-10-16 24.90 33.70 8.80 1.24 2742 209 111 108
  88.25 95.50 7.25 1.5 2528 206 69 106
LR-10-17 nsv              
LR-10-18 0.00 1.00 1.00 0.82 2120 317 104 80
  60.35 61.60 1.25 nsv 149 916 103 30
  75.65 76.35 0.70 nsv 168 440 82 10
HOLE

No.
FROM

(m)
TO

(m)
TRUE
WIDTH

(m)
Li20

(%)
Rb
ppm
(g/t)
Ta2O5
ppm
(g/t)
Be
ppm
(g/t)
Cs
ppm
(g/t)
LR-10-19 0.75 5.70 4.95 1.13 4122 249 112 148
LR-10-20 7.70 9.50 1.80 nsv 2394 616 101 72
  22.60 33.15 10.55 0.87 3409 368 184 144
  92.25 93.55 1.30 nsv 3990 549 127 170
LR-10-21 50.15 51.50 1.35 nsv 590 549 57 80
LR-10-22 41.50 43.55 2.05 nsv 2803 314 119 233
LR-10-23 24.70 25.25 0.55 0.25 3220 314 119 223
  32.95 44.10 11.15 1.27 3086 200 96 105
  90.25 93.35 3.10 0.73 2922 311 113 152
LR-10-24 11.60 12.85 1.25 nsv 540 684 69 20
  27.20 28.30 1.10 0.13 2410 256 24 430
  33.30 42.15 8.85 1.23 4722 204 95 196
  105.95 111.95 6.00 0.87 4486 226 123 184
LR-10-25 17.60 21.85 3.65 0.25 2596 36 45 786
  24.70 36.30 11.60 0.79 3217 238 78 443
  83.00 83.65 0.65 nsv 1680 208 16 60
  90.25 94.75 4.50 1.02 4778 268 145 231
LR-10-26 14.45 15.35 0.90 nsv 1640 659 76 60
  32.70 33.20 0.50 nsv 1100 549 158 50
  43.45 55.90 12.45 1.14 3075 267 113 141
  114.95 119.90 4.95 1.40 1844 195 254 98
LR-10-27 5.50 6.40 0.90 nsv 1890 513 206 70
  23.45 24.05 0.60 nsv 2450 427 49 130
  38.10 47.95 9.85 1.59 3742 259 118 150
  82.60 83.70 1.10 nsv 720 470 44 60
  110.70 115.50 4.80 0.75 2771 288 184 134
* 1 ppm = 1 g/t                

The Lac Pivert/Rose property lies less than 5 km from the Eastmain 1 power house. There is substantial infrastructure already in place. An access road leads to within 0.5 km of the two discoveries (Rose showing and a new showing (see press release dated December 21, 2009)) and a power line crosses the property less than 1 km away from the showings.

First Gold is also pleased to announce that it has retained the services of Innovexplo of Val-d'Or, Quebec, to prepare a 43-101 report on its flagship Pivert/Rose rare metals project. Innovexplo will also begin compiling historical drill results and will update the compilation as new results come in, which will allow the preparation of an initial 43-101 assessment and resource estimate for the discovery.

Information on rare metals:

Reference: University of Croatia / Department of Chemistry 

http://www.ktf-split.hr/periodni/en/rb.html

http://www.ktf-split.hr/periodni/en/cs.html

http://www.ktf-split.hr/periodni/en/be.html

Rubidium Rb (average of 32 ppm in earth's crust):

Rubidium occurs abundantly, but is so widespread that production is limited. It is usually obtained from lithium production, and is used as a catalyst and in photocells and vacuum and cathode-ray tubes. The price of 99.8 % pure rubidium metal is 1669.80 € for 100 g.

Cesium Cs (average of 1 ppm in earth's crust):

Cesium is found in pollucite [(Cs4Al4Si9O26).H2O] and as trace in lepidolite. It is used as a 'getter' to remove air traces in vacuum and cathode-ray tubes, and in the production of photoelectric devices and atomic clocks. Since it ionises readily, it is also used as an ion rocket motor propellant. The price of 99.8 % pure cesium metal is 461.80 € for 50 g.

Beryllium Be (average of 1.5 ppm in earth's crust):

Beryllium is found mostly in minerals like beryl [AlBe3(Si6O18)] and chrysoberyl (Al2BeO4). Pure beryllium is obtained by chemically reducing beryl mineral, as well as by electrolysis of beryllium chloride. Its ability to absorb large amounts of heat makes it useful in spacecraft, missiles, aircraft, etc. Emeralds are beryl crystals with chromium traces, giving them their green colour. The price of 99.5 % pure beryllium lump is 200.70 € for 50 g.

"All these Rare Metals are present in the drill cores up to multiple time the normal "earth's crust average" on top of the strong Lithium and Tantalum grades, we just made a important step forward ", comments Eric Leboeuf, president of First gold.

Samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separation and pulverized to 85% passing 75 μm. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

Jean-Sebastien Lavallee (OGQ #773), a geologist, shareholder and director of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

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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