First Gold Exploration Inc.
TSX VENTURE : EFG

First Gold Exploration Inc.

January 31, 2008 08:30 ET

First Gold Appoints Eric Leboeuf as President and CEO

MONTREAL, QUEBEC--(Marketwire - Jan. 31, 2008) - First Gold Exploration Inc. (TSX VENTURE:EFG) "First Gold" is pleased to announce that Mr. Eric Leboeuf has been appointed President and Chief Executive Director of the Company.

Mr. Leboeuf is the founder and has been President of the Investor Relations firm : Relations Publiques Paradox inc. since 2001. From 1999 to 2001, Mr. Leboeuf was a stockbroker with one of the large bank held firms and was a director for a bank, responsible of loans and investments in mutual funds from 1996 to the end of 1998. Mr Leboeuf will replace Pierre Forget who is simply overly busy with the family business. Mr Forget will remain as a director of the company.

"I am very pleased of the opportunity that First Gold has given me, this great company has a resource of 289,000 ozs of gold at surface on the Croinor property, good projects and a great board of directors. My first goal will be to get these ounces out of the ground and to sell them," comments Eric Leboeuf, president of First Gold Exploration.

A 43-101 report prepared in November 2005 by Carl Pelletier, M. Sc. P. Geo from the firm Innovexplo Inc. of Val-d'Or, Quebec - a copy of which is available in the First Gold profile on www.sedar.com - confirms the following resource estimate:




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Cut-off Cut-off
2,00 g/tm Au 5,00 g/tm Au
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Category Tonnes Grade Ounces Tonnes Grade Ounces
(tm) (g/tm Au) (tm) (g/tm Au)
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Mesured 10,383 8,11 2,706 6,541 10,73 2,256
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Indicated
continuous 1,109,717 6,40 228,265 498,337 10,20 163,377
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Indicated
Isolated 308,975 5,93 58,919 115,340 11,10 41,160
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Total 1,429,075 6,31 289,890 620,218 10,37 206,792
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The company wishes to invite shareholders and interested investors to attend its shareholders meeting to be held at the Saint-James Club, 1145 Union Avenue, Montreal, on February 7th, 2008 at 4:30 pm.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

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