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

First Gold Exploration Inc.

March 19, 2009 14:07 ET

First Gold Arranges Non-Brokered Private Placements

LAVAL, QUEBEC--(Marketwire - March 19, 2009) - First Gold Exploration Inc. (the "Corporation") (TSX VENTURE:EFG) (FRANKFURT:F12) announces that it is currently arranging non-brokered private placements for up of $700,000, consisting in two private placements:

- PRIVATE PLACEMENT OF UNIT COMMON SHARES.

The company is proposing to issue 50 common shares Units at a cost of $6,000 per Unit. Each Unit includes 100,000 common shares at a price of $0.06 per share and 100,000 common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 36 months at a price of $0.10 per share.

- PRIVATE PLACEMENT OF FLOW-THROUGH.

The company is proposing to issue 50 flow-through Units at a cost of $8,000 per Unit. Each Unit includes 100,000 flow-through common shares at a price of $0.08 per share with 100,000 common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 36 months at a price of $0.10.

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

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