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

First Gold Exploration Inc.

January 24, 2011 10:48 ET

First Gold Intersects 1.15% Li2O, 173 ppm Ta2O5, 507 ppm BeO, 2,317 ppm Rb and 71 ppm Ga Over 11.6 Metres on the JR Showing

LAVAL, QUEBEC--(Marketwire - Jan. 24, 2011) - First Gold Exploration Inc. (TSX VENTURE:EFG) (OTCQX:FGEXF) (FRANKFURT:F12) is pleased to report the latest drill results for the Lac Pivert/Rose project. The following table shows the results for holes drilled on the JR showing, which lies more than 1 km northeast of the Rose deposit. Twelve holes numbered JR-10-01 to JR-10-12 were drilled on this showing. All the holes intersected the mineralized zone; the mineralized intersections are described in a table below. 

These results are significant because they are very similar to the initial results of early drilling on the Rose showing.

"This is a very important discovery for the Company, because this showing also lies on surface, and could therefore lead to a higher lithium-tantalum-beryllium-gallium-rubidium resource at the Pivert/Rose project relatively quickly and inexpensively," said Jean-Sébastien Lavallée, Interim President and Chief Executive Officer.

A map showing the location of the holes drilled on the Pivert/Rose Lithium project can be found in the Projects section of the Company's website, at www.firstgoldexploration.com.

The best results obtained to date are as follows:

HOLE FROM   TO   TRUE WIDTH   Li20   Ta2O5   BeO   Rb   Ga   Cs  
# (m ) (m ) (m ) (% ) ppm (g/t ) ppm (g/t ) ppm (g/t ) ppm (g/t ) ppm (g/t )
JR-10-01 4.85   10   5.15   1.38   218   708   2,765   73   93  
  23.4   25.35   1.95   NSV   191   503   2,276   66   58  
JR-10-02 2.1   7.6   5.5   1.53   151   371   2,485   74   93  
  17.8   20.3   2.5   0.89   257   605   2,579   67   66  
JR-10-03 16.65   17.2   0.55   0.5   147   305   3,140   60   90  
  19.2   20.8   1.6   0.99   185   286   3,232   67   85  
  36.6   38.3   1.7   0.66   181   429   2,652   67   86  
  40.4   41.5   1.1   NSV   128   481   1,915   61   48  
JR-10-04 12.4   24   11.6   1.15   173   507   2,317   71   83  
JR-10-05 2.7   6.4   3.7   1.55   132   481   2,315   70   86  
  11   13.15   2.15   2.03   199   399   1,227   88   53  
  22.1   25.5   3.4   0.73   144   338   3,076   64   80  
  53.9   55.05   1.15   NSV   111   514   1,974   47   56  
JR-10-06 2.3   6.2   3.9   0.59   151   463   4,219   60   186  
  20.9   22.6   1.7   1.96   415   470   807   78   41  
  24.7   25.6   0.9   0.56   180   492   3,517   56   109  
  38.4   40   1.6   NSV   197   410   1,654   59   44  
JR-10-07 8.4   14.45   6.05   0.65   105   360   1,838   51   85  
  29.7   34.1   4.4   0.4   133   542   2,636   51   89  
JR-10-08 14   21.5   7.5   1.04   159   554   1,705   68   66  
  28   32.6   4.6   0.78   164   367   1,858   69   62  
JR-10-09 16.15   26.3   10.15   0.98   205   538   2,167   63   134  
  36.65   38.5   1.85   0.11   146   947   1,178   66   39  
JR-10-10 25.2   31   5.8   0.96   139   435   3,021   62   120  
  35.15   38.6   3.45   0.56   138   318   2,522   46   106  
JR-10-11 20.9   22.45   1.55   0.83   240   413   2,162   69   92  
  23.25   26.8   3.55   1.53   135   304   1,946   69   79  
  29.1   31.4   2.3   1.12   152   426   1,775   56   64  
  35.4   36.65   1.25   1.96   190   260   1,334   70   39  
  40.2   41.45   1.25   NSV   104   162   2,020   49   50  
JR-10-12 14.6   16.9   2.3   0.31   185   543   1,629   52   93  
  19   23.65   4.65   0.64   144   418   1,558   67   63  
  25.15   25.75   0.6   NSV   171   194   2,430   48   80  
  30.65   34.25   3.6   1.51   181   466   1,225   79   46  
  53.35   53.95   0.6   NSV   171   187   2,270   61   50  
  54.3   54.9   0.6   NSV   159   140   2,920   65   80  
* 1 ppm = 1 g/t
 
 

All the 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 separated 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), geologist, shareholder and interim president and chief executive officer 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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