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

First Gold Exploration Inc.

January 18, 2011 10:50 ET

First Gold Reports 0.44% Li2O, 196 ppm Ta2O5, 505 ppm BeO, 3,565 ppm Rb, 87 ppm Cs and 187 ppm Ga over 116 Metres Along Strike

LAVAL, QUEBEC--(Marketwire - Jan. 18, 2011) -First Gold Exploration Inc. (TSX VENTURE:EFG) (FRANKFURT:F12) (OTCQX:FGEXF) is pleased to report the assay results from channel sampling on the new showings discovered last October (see press release dated November 3, 2010). Channel sampling was done on the three new showings in November. A 116 meter channel sample on the Helico showing returned 0.44% Li2O, 196 ppm Ta2O5, 505 ppm BeO, 3,565 ppm Rb, 87 ppm Cs and 187 ppm Ga over 116 meters. This channel sample was taken along the length of the outcrop and does not reflect the true width of the mineralization. Multiple zones enriched in lithium and/or tantalum, were intersected within the channel; details are provided in the table below. A 28 meter channel on the Pivert South showing returned 0.87% Li2O, 169 ppm Ta2O5, 431 ppm BeO, 2,229 ppm Rb, 95 ppm Cs and 80 ppm Ga over 28 meters. This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization. Multiple zones enriched in lithium and/or tantalum, were also intersected within this channel, as can be seen in the table below. On the Pivert East showing, five channels 2 to 4 meters long were taken, each returning grades similar to the channel sampling results on the Helico and Pivert South showings. The table below shows all the results obtained on the Pivert East showing. The channels were taken along the length of the outcrop and do not reflect the true width of the mineralized zone. All these showings are located 2.5 kilometers north-east of Rose deposit.

The Company is also pleased to report the discovery of another showing about 150 meters north of the Pivert East showing. Two 1 metrer long channel samples were taken, and returned up to 2.08% Li2O, 159 ppm Ta2O5, 254 ppm BeO, 1860 ppm Rb, 92.8 ppm Cs and 90 ppm Ga

''These results once again demonstrate the high potential of Pivert/Rose project. Half a pound of tantalum on surface in a 116-metre channel is no small find!" noted Jean-Sébastien Lavallée, Interim President and Chief Executive Officer.

TABLE OF RESULTS OBTAINED FROM CHANNEL SAMPLING ON THE VARIOUS SHOWINGS:

HELICO SHOWING

From To Length Li20 Ta2O5 BeO Rb Cs Ga Comment
(m) (m) (m) (%) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
0 116 116 0.44 196 505 3,565 87 187  
Including                  
0 9 9 NSV 366 323 2,041 85 105 Tantalum enrichment
14 27 13 NSV 202 507 3,757 78 178
34 66 32 NSV 261 735 3,396 74 197
73 78 5 1.04 258 622 1,930 118 120
95 97 2 0.71 281 389 2,120 98.6 121
103 112 9 1.42 225 392 2,320 120 133
Including                  
67 70 3 1.81 97 611 3,217 118 190 Lithium enrichment
72 76 4 1.68 146 630 3,148 122 170
80 82 2 1.52 48 416 5,935 99 306
93 96 3 2.52 156 319 1,740 117 101
107 116 9 1.95 190 389 2,126 124 132
  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

PIVERT SOUTH SHOWING

From To Length Li20 Ta2O5 BeO Rb Cs Ga Comment
(m) (m) (m) (%) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
0 28 28 0.87 169 431 2,229 95 80  
Including                  
8 19 11 0.64 282 369 891 104 NSV Tantalum enrichment
Including                  
4 8 4 1.24 71 518 3,865 86 123 Lithium enrichment
16 22 6 1.96 102 336 1,983 97 78
25 28 3 1.41 136 389 1,977 93 77
  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

Pivert East Showing

Channel From To Length Li20 Ta2O5 BeO Rb Cs Ga
No (m) (m) (m) (%) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
Rainure 1 0 2 2 0.91 86.5 186.5 1,300 78.8 44.5
Rainure 2 0 4 4 0.73 150 73.875 1,347.5 60.375 110.625
Rainure 3 0 4 4 0.44 181.5 146.25 1,577.5 66.175 63.725
Rainure 4 0 2 2 1.30 63 193 401.5 82.35 21.575
Rainure 5 0 2 2 1.11 99 161.75 970 82 32.25
                   
  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

GIRARD (NEW SHOWING)

Sample From To Length Li20 Ta2O5 BeO Rb Cs Ga
No (m) (m) (m) (%) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
739165 0 1 1 2.08 55 60 1,860 74.5 78.3
739166 1 2 1 0.84 159 254 1,720 92.8 90
                   

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and president and chief executive officer by interim 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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