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

First Gold Exploration Inc.

November 11, 2010 13:00 ET

First Gold Exploration Inc.: Exploration Begins on Mexican Silver Project

LAVAL, QUEBEC--(Marketwire - Nov. 11, 2010) - First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12)(OTCQX:FGEXF) is pleased to report that it has started exploration on its San Francisco Javier project in Mexico. The first phase of the exploration program consists of sampling and detailed mapping of the property, with the goal of enabling the Company to better assess the potential of the project and plan a future drilling program.

About the San Francisco Javier Silver/Base Metals project:

  • Located in the heart of the "Sierra Madre Del Sur", Southern Guerrero, Mexico.

  • Past producing mine with historical production averaging over 1 kg/t of silver and 5 g/t of gold.

  • 2009 random surface sampling returned unusually high silver values: 12,905 g/t (376.46 oz/t), 2,439 g/t (71.15 oz/t), 2,356 g/t (68.73 oz/t) and 816 g/t (23.80 oz/t).

  • In addition to the historically high values of silver and gold mined during the time the mine was in production, recently taken random surface samples also suggest that the veins are very rich in base metals: copper, lead, zinc and iron ore.

  • Over 30 veins have now been identified at surface, with each vein between 400 and 500 m long and averaging approximately 2.75 m wide.

  • Tremendous exploration "blue-sky potential": widespread mineralization throughout the property has yet to be tested.

  • A recently-completed positive 43-101 report confirms that the project has very strong exploration potential.

  • Mill, crusher, flotation circuit and laboratory on site.

  • Two small rivers in close proximity to the mill site, providing adequate water supply yet not so close as to disturb mining operations.

  • Excellent transportation infrastructure already in place: logging roads provide safe access to and from the property.

  • Past producing mine: excellent existing infrastructure (water, electricity, roads) enabling a quick return to production.

We regret to announce the departure of Eric Leboeuf, First Gold's President and Chief Executive Officer since January 2008. Mr. Leboeuf is leaving the Company for health reasons. The board of directors is conducting a search for his successor, during which time Jean-Sébastien Lavallée will continue to act as Interim President and Chief Executive Officer. The board thanks Mr. Leboeuf for all his hard work and wishes him a speedy recovery.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder, interim president and chief executive officer of the Company and 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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