First Gold Exploration Inc.
TSX VENTURE : EFG

First Gold Exploration Inc.

March 15, 2007 10:57 ET

First Gold Exploration Inc.: First Hole Hits Gold Mineralization, Drilling Continues

MONTREAL, QUEBEC--(CCNMatthews - March 15, 2007) - First Gold Exploration Inc. (TSX VENTURE:EFG) is pleased to announce that its first diamond drill hole on the Noyell property has intersected five intersections containing gold mineralization. This hole, which ended at 365 meters, is one of the deepest drilled on this property to date.

This mineralized zone, which had mostly been drilled closer to surface by previous owners, lies within an iron formation along the Douay-Cameron Shear. This shear is known to host several gold occurrences and deposits. Noteworthy is the presence of pyrrhotite, pyrite and arsenopyrite, a typical mineral assemblage for this particular geological environment.

As this hole lies close to the eastern boundary of the property, the joint venture partners have staked an additional 21 claims contiguous to the east thus adding another 1.7 kilometers along the Douay-Cameron Shear (for details on the joint-venture, see news release dated February 21st, 2007).




Hole number Interval Grade/length Host rock

2007-11 237,2 to 238,0 14,27 g/t over 0,8 meters Quartz veins
(70 deg.) 247,7 to 249,2 6,79 g/t over 1,5 meters Iron formation
252,0 to 252,5 6,17 g/t over 0,5 meters Iron formation
256,0 to 257,3 1,13 g/t over 1,3 meters Schist
285,3 to 285,8(i) 17,49 g/t over 0,5 meters Iron formation

(i) Value obtained by Metallic sieve


Management is much encouraged by those initial results. Drilling is currently ongoing and the Company will be reporting the results on a timely basis.

All current results were analyzed by FA with gravimetric finish at Laboratory Expert Inc. located in Rouyn-Noranda, Quebec. One sample was re-assayed by the Metallic Gold technique after noting strong nugget effect. Mr. Pierre O'Dowd, a Qualified Person under NI 43-101 has verified the current drilling, sampling and assay results reported in this release.

This hole is part of a 5,000 meter diamond drill program that the Company expects to complete before the end of April 2007.

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

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