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.