First Gold Exploration Inc.

First Gold Exploration Inc.

August 29, 2007 09:20 ET

First Gold Intersects 5.19 g/t Au Over 10.9 Meters at the Croinor Project

MONTREAL, QUEBEC--(Marketwire - Aug. 29, 2007) - First Gold Exploration Inc. (TSX VENTURE:EFG)("First Gold") is pleased to announce the first results from its drill program on the Croinor project in the Abitibi region of Quebec.

As explained in the press release dated May 1st, 2007 First Gold has optioned the property under two separate joint-venture agreements with X-Ore Resources Inc. (formerly South Malartic) in order to earn a 50% interest in: i) the mining lease on which a 5,000 meter drill program started in late June; and ii) the surrounding mining claims on which a 1,500 meter drill program will begin during September.

This first phase of diamond drilling on the mining lease consists of 10, 500-meter holes with two holes drilled along each of five sections positioned 100 meters apart. Six of the 10 holes are now completed and assays have been received on five of these holes.

The westernmost section (hole 334) has provided the best results to date - hole 334 yielded three significant mineralized intervals (see drill hole locations on First Gold's website).

Hole number Interval (m) Grade Au / length

CR-07-331 No value over 1.0 g/t
CR-07-333 296.0 to 297.0 4.32 g/t over 1.0 meter
CR-07-334 91.0 to 101.9 5.19 g/t over 10.9 meters
118.15 to 118.65 1.47 g/t over 0.5 meter
164.0 to 165.0 2.78 g/t over 1.0 meter
246.6 to 247.6 1.30 g/t over 1.0 meter
257.0 to 263.0 4.05 g/t over 6.0 meters(i)
347.2 to 347.7 16.05 g/t over 0.5 meter
354.5 to 367.5 4.71 g/t over 3.0 meters
CR-07-335 No value over 1.0 g/t
CR-07-336 312.0 to 313.0 2.20 g/t over 1.0 meter

(i) Includes 3 meters of 5.93 g/t Au.

Our interpretation of the results from holes CR-07-334 indicates that:

i) The 10.9 meter intercept is the likely extension of Zone 4. This would suggest that the potential for adding to the +200,000 oz gold resource present within 200 meters from surface (as reported in a press release dated May 1st 2007) is very promising.

ii) The deeper mineralized intervals indicate that there is also potential below the 200 meter level. The presence of fuschite in some of the holes is particularly encouraging since this mineral is typically found in gold deposits associated with deep-seated structures.

Preliminary indications are that the true widths of the mineralized intervals are roughly equivalent to 50% of core lengths.

Additional drill results should be available in the next few weeks. The Company also intends to add to this 10 hole program once all results have been interpreted. Four additional holes are planned as a result of recent funding.

All the samples were analyzed using by fire assays at Laboratoire Expert Inc. located in Rouyn-Noranda, Quebec.

Mr. Pierre O'Dowd, a Qualified Person under NI 43-101 has revised and approved the technical content of this release. Mr. O'Dowd will supervise the field worked that will be executed on these projects.

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

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