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 Ta₂O_5, 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.