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

First Gold Exploration Inc.

April 01, 2009 13:44 ET

First Gold Partially Closes a $270,000 Financing

LAVAL, QUEBEC--(Marketwire - April 1, 2009) - First Gold Exploration Inc. (the "Company" or "First Gold") (TSX VENTURE:EFG)(FRANKFURT:F12) is pleased to announce that it has partially closed a non-brokered private placement for $270,000 following the press release dated March 19, 2009.

- PRIVATE PLACEMENT OF UNIT COMMON SHARES.

First Gold has issued common share Units at a cost of $6,000 per Unit for total gross proceeds of $270,000. Each Unit consisting of 100,000 common shares of the Corporation at a price of $0.06 per share and 100,000 common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 36 months at a price of $0.10 per share.

As finders' fees with the private placement, the corporation paid a $6,600 cash commission to Canaccord Capital.

The Corporation is continuing its negotiations in view to complete the private placements previously announced.

The proceeds of this private placement will be used for working capital.

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

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