Scrap Tantalum usually runs about $80 per pound or 17 cents per gram

First Gold Exploration Inc.: Drilling Leads to New Tantalum Discovery on Pivert/Rose
Date : 02/09/2011 @ 9:57AM
Source : MarketWire

First Gold Exploration Inc.: Drilling Leads to New Tantalum Discovery on Pivert/Rose


First Gold Exploration Inc. (TSX VENTURE: EFG) (OTCQX: FGEXF) (FRANKFURT: F12) is pleased to report that diamond drilling on the Hydro showing has resulted in the discovery of a near surface tantalum-rich zone that returned significant results for three holes. The best intersection was 400 ppm Ta2O5 over 5.50 metres in Hole HD-10-01. Hole HD-10-02 returned 364 ppm Ta2O5 over 3.80 metres and Hole HD-10-03 returned 553 ppm Ta2O5 over 1.40 metres. The table below shows all the results for the three holes.

The Hydro showing lies about 500 metres northeast of the Rose lithium-tantalum deposit where a NI43-101 compliant indicated resources of 11,436,000 tonnes has been report December 14th 2011. The newly towered structured occurs horizontally on surface and dips 20 degrees to 30 degrees to the northeast. Stratigraphically speaking, this horizontal zone lies above the Rose main zone, which is consistent with the geological model established by the technical team. The zone is open to the east, west and north. More drilling will be done in the coming weeks to better delineate this discovery.

"This is yet another very important discovery for the Company. With its particularly high grades, this showing will enable us to rapidly increase the size of our tantalum deposit for the Rose project at a low cost." said Jean-Sebastien Lavallee, 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.

As reported previously, drilling on the Rose deposit is ongoing. To date, seven additional holes have been drilled out of a total of 16 holes planned for this phase. These holes are being drilled at a 100-metre grid spacing on the extension of the structure eastward and northward. The 16 holes will cover an area of 1.5 km(2). Following this phase of drilling on the Rose deposit, the Company plans to drill 15 to 20 holes on the JR showing. The Company hopes to include all the new holes drilled during this program in a new resource estimate for the Rose deposit. This estimate may also take into account tantalum-enriched zones that were not included in the previous estimate as the original model was designed for lithium only.

The best results obtained to date for the Hydro showing are as follows:


--------------------------------------------------------------------------
--------------------------------------------------------------------------
HOLE FROM TO TRUE WIDTH Ta2O5 BeO Rb Ga
# (m) (m) (m) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-01 13.15 18.65 5.5 400 479 2191 64
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-02 10.45 14.25 3.8 364 456 1650 77

15.45 16.35 0.9 269 379 1290 65
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-03 9.30 10.70 1.40 553 30 1346 68

50.35 51.85 1.50 99 144 1887 47
--------------------------------------------------------------------------
--------------------------------------------------------------------------


(i) 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.

In amendment of the February 2, 2011 press release, First Gold has also retained the services of Mr. Peter Tse, a world renowned metallurgist to support the pre-feasibility study. During the past few years, Mr. Tse has managed the development of the metallurgical processing for the Aley Niobium project of Taseko Resources Ltd. He is currently managing the metallurgical studies for the Upper Fir Tantalum-Niobium project of Commerce Resources Inc. For further clarity, Mr. Tse's involvement with Bernic Lake Mine did not include the management of the plant modifications.

Exploration First Gold is also pleased to announce that, at its annual general and special meeting held on February 8, 2011, shareholders of the Company approved all the items, including the proposed slate of directors, retention of the auditors and the name change.

First Gold also announces that it has increased the number of shares reserved for issuance under its stock option plan by 4,233,946. The number of shares that can be issued under the Plan is now 10,299,737, or 10% of the number of issued and outstanding shares as at January 26, 2011. The increase is subject to the approval of the TSX Venture Exchange.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and 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.

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.

Contacts:

First Gold Exploration Inc.

Jean-Sebastien Lavallee, P.Geo.

Interim President and Chief Executive Officer

819-354-5146

president@firstgoldexploration.com

www.firstgoldexploration.com

First Gold: Blue Note Mobilizes Drill Rig at Croinor Gold Project
Date : 02/04/2011 @ 10:15AM
Source : MarketWire

First Gold: Blue Note Mobilizes Drill Rig at Croinor Gold Project


First Gold Exploration Inc. (TSX VENTURE: EFG) (OTCQX: FGEXF) (FRANKFURT: F12) ("First Gold") and Blue Note Mining Inc. (TSX.V: BNT) ("Blue Note") are pleased to announce that a drill rig has been mobilized at the Croinor gold project located near Val-d'Or, Quebec to begin the first phase of a planned 20,600 meter drill campaign aimed at increasing the mineral resources laterally and at depth.

The first phase of drilling will comprise 7,700 meters. Drill targets include step-out testing of gold mineralization identified in previous drilling within and further east of the planned development. Last summer's seven hole drill program intersected significant gold grades and widths located in close proximity to planned development, clearly demonstrating the potential to expand the reserves. Values returned from the seven holes included 11.81 g/t Au over 7.5 meters, 10.50 g/t Au over 6.7 meters, 29.3 g/t Au over 5.7 meters with values as high as 78.15 g/t Au over 1 meter (see news releases of October 18 and November 11, 2010).

Other targets to be followed-up from the previous campaign includes those identified by the Hole-to-hole 3D induced polarization (IP) survey east of the mine area, and testing of the host diorite sill to the west of the reserve area where an IP target was identified at the margin of the survey and beyond the limit of previous drilling.

InnovExplo Inc. has been contracted to assist with the program planning, field supervision, core logging and sampling and data compilation and analysis. Forages La Virole has been awarded a contract to complete a minimum of 7,700 meters of drilling expandable to 20,600 meters as the program develops.

John Martin, P. Eng., President and Chief Operating Officer of Blue Note Mining Inc., is a Qualified Person as defined under NI 43-101 guidelines and has reviewed the technical information contained in this press release.

About First Gold Exploration

The goal of the Company is to create shareholder value by acquiring promising projects that could be advanced to production stage in a short period of time. This has been achieved with its interest in the Croinor gold project, and the currently in progress Rare Metal Pivert/Rose property, among other promising projects including the Rare Earth, Rocky Mountain, British Columbia, properties.

About Blue Note Mining

Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Canada, including the prolific Val-d'Or region of Quebec and northern New Brunswick.

Forward-Looking Statements

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products, technical uncertainties associated with operating an underground mine and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.

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.

Contacts:

First Gold shareholders, please contact:

Jean-Sebastien Lavallee

President and Chief Executive Officer

819-354-5146

president@firstgoldexploration.com

www.firstgoldexploration.com



Blue Note shareholders, please contact:

Jean Mayer

Executive Vice President

800-937-3095 x 236

jmayer@bluenotemining.ca

www.bluenotemining.ca

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
Date : 01/24/2011 @ 10:47AM
Source : MarketWire

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


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-Sebastien Lavallee, 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:


----------------------------------------------------------------------------
----------------------------------------------------------------------------
TRUE
HOLE FROM TO WIDTH Li20 Ta2O5 BeO Rb Ga Cs
ppm ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (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
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i) 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 um. 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.

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.

Contacts:

First Gold Exploration Inc.

Jean-Sebastien Lavallee, P.Geo.

Interim President and Chief Executive Officer

819-354-5146

president@firstgoldexploration.com

www.firstgoldexploration.com

First Gold Closes a $2,900,000 Private Placement With the MineralFields Group
Date : 12/31/2010 @ 11:10AM
Source : MarketWire

First Gold Closes a $2,900,000 Private Placement With the MineralFields Group


First Gold Exploration Inc. (TSX VENTURE: EFG)(FRANKFURT: F12)(OTCQX: FGEXF) is pleased to announce the closing of a non-brokered private placement with the MineralFields Group. The offering consists of 7,250,000 Units at a price of $0.40 per Unit for total gross proceeds of $2,900,000. Each Unit is comprised of one (1) flow-through common share and one half of one common share purchase warrant. Each whole warrant entitles the holder thereof to subscribe for one (1) common share of the Corporation for a period of twelve months at a price of $0.75 per share.

Limited Market Dealer Inc. received a cash finder's fee of 5% of the gross proceeds and 543,750 non-transferable finder's fees warrants equal to 7.5% of the number of Units issued. Each finder's fee warrant entitles to subscribe for one (1) unit of the Corporation for a period of 12 months at a price of $0.40 per unit. Each Unit is comprised of one (1) common share and one half of one common share purchase warrant. Each whole warrant entitles to subscribe for one (1) common share of the Corporation for a period of twelve months at a price of $0.75 per share.

The securities issued pursuant to the offering are subject to a 4 month and one (1) day statutory hold period expiring on May 1, 2011.

Proceeds of the private placement will be used for property development.

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.

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.

Contacts:

First Gold Exploration Inc.

Jean-Sebastien Lavallee, P.Geo.

Interim President and Chief Executive Officer

819-354-5146

president@firstgoldexploration.com

www.firstgoldexploration.com

Blue Note Mining Inc (BLNMF)Other OTC Issues
0.11+0.00(0.79%)See real-time quotes
Open: 0.11 Day's Range: 0.11 - 0.11
Volume: 650.00 52 Week Range: 0.03 - 1.01
P/E Ratio: NA Market Cap: 13.15 M

Quotes by Comstock - Data in US Dollars - Quoted: Dec 23, 3:15 PM EST

First Gold and Blue Note Extend Completion of Croinor Acquisition
Date : 12/24/2010 @ 11:01AM
Source : MarketWire

First Gold and Blue Note Extend Completion of Croinor Acquisition


First Gold Exploration Inc. (TSX VENTURE: EFG)(FRANKFURT: F12)(OTCQX: FGEXF)("First Gold") and Blue Note Mining Inc. (TSX.V: BNT) ("Blue Note") report that they have agreed to extend the term of the binding agreement announced on July 19, 2010 (the "Agreement") providing for the acquisition by Blue Note of all of First Gold's interests in the Croinor gold project located near Val-d'Or, Quebec.

Under the terms of the Agreement, Blue Note has already made cash payments totaling $100,000 to First Gold and, in consideration of an additional payment of $25,000, Blue Note now has until March 31, 2011 to make a final payment of $2,250,000 to complete the transaction. In addition, Blue Note shall issue 17.5 million common shares to be held in escrow, for release at a rate of 500,000 shares per month over 35 months from the date of closing. The transaction includes First Gold's 71% ownership in the Matchi-Manitou property.

About First Gold Exploration

The goal of the Company is to create shareholder value by acquiring promising projects that could be advanced to production stage in a short period of time. This has been achieved with its interest in the Croinor gold project, and the currently in progress Rare Metal Pivert/Rose property, among other promising projects in the pipeline including the Rare Earth, Rocky Mountain, British Columbia, properties.

About Blue Note Mining

Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Canada, including the prolific Val-d'Or region of Quebec and northern New Brunswick.

Forward-Looking Statements

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products, technical uncertainties associated with operating an underground mine and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.

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.

Contacts:

First Gold shareholders, please contact:

Jean-Sebastien Lavallee

Interim President and Chief Executive Officer

819-354-5146

president@firstgoldexploration.com

www.firstgoldexploration.com



Blue Note shareholders, please contact:

Jean Mayer

Executive Vice President

800-937-3095 x 236

jmayer@bluenotemining.ca

www.bluenotemining.ca

Best Drill Results to Date, New Listing and Project Updates

Date : 09/15/2010 @ 10:41AM
Source : MarketWire
Stock : First Gold Exploration Inc. (EFG)

http://ih.advfn.com/p.php?pid=nmona&article=44380934&symbol=TX^EFG

First Gold Exploration Inc. (TSX VENTURE: EFG) (OTCQX: FGEXF) (FRANKFURT: F12) is pleased to report the most recent drill results for the Lac Pivert/Rose project. The table below shows the results for holes LR-10-69 to LR-10-90, drilled to test the extension of the zones to the east. All the holes intersected mineralized zones over consistent thicknesses, and indicated that width and grade are increasing.

The drilling program is ongoing, with Hole LR-10-126 presently underway. Drilling continues to intersect the mineralized zones with sustained thickness.

A map showing the location of the holes is posted under Pivert/Rose Lithium Project in the Projects section of the Company's website, at www.firstgoldexploration.com.

The best results obtained to date are as follows:

--------------------------------------------------------------------------
HOLE TRUE
FROM TO WIDTH Li20 Rb Ta2O5 Be Cs Ga
# ppm ppm ppm ppm ppm
(m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
LR-10-69 89.15 109.20 20.05 1.31 2649 180 113 109 72
--------------------------------------------------------------------------
LR-10-70 91.50 97.00 6.50 0.91 3899 232 121 135 73
--------------------------------------------------------------------------
LR-10-71 48.35 62.45 14.15 1.64 2182 137 124 72 75
--------------------------------------------------------------------------
LR-10-72 37.95 53.20 15.25 1.34 2547 150 72 97 69
--------------------------------------------------------------------------
LR-10-73 39.70 45.80 6.10 0.15 1726 125 127 73 62
--------------------------------------------------------------------------
LR-10-74 20.85 29.00 8.15 0.37 4358 119 143 166 57
--------------------------------------------------------------------------
LR-10-75 52.45 73.90 21.45 1.22 2983 206 139 117 78
--------------------------------------------------------------------------
LR-10-76 11.15 18.70 7.55 1.35 2833 197 148 143 79
--------------------------------------------------------------------------
LR-10-77 34.70 39.00 4.30 1.75 1903 208 118 80 86
--------------------------------------------------------------------------
LR-10-78 49.20 61.70 12.50 1.30 1882 112 141 80 76
--------------------------------------------------------------------------
LR-10-79 59.8 75.65 15.85 1.50 2283 188 143 77 73
--------------------------------------------------------------------------
LR-10-80 66.75 85.5 18.05 1.27 3877 189 175 120 75
--------------------------------------------------------------------------
LR-10-81 87.65 102.8 15.15 0.76 2346 176 117 106 67
--------------------------------------------------------------------------
LR-10-82 82.9 99.25 16.35 1.12 2462 189 147 93 74
--------------------------------------------------------------------------
LR-10-83 100.75 120.45 19.70 1.15 2966 175 138 163 77
--------------------------------------------------------------------------
LR-10-84 111.75 126.05 14.30 1.38 3171 181 141 115 72
--------------------------------------------------------------------------
LR-10-85 114.50 130.60 16.10 1.45 2918 149 137 98 67
--------------------------------------------------------------------------
LR-10-86 118.45 135.25 16.80 1.49 1657 145 101 68 61
--------------------------------------------------------------------------
LR-10-87 81.45 96.10 14.65 1.48 2286 157 104 84 68
--------------------------------------------------------------------------
LR-10-88 74.20 92.30 18.10 1.57 2614 183 129 91 77
--------------------------------------------------------------------------
LR-10-89 77.70 93.85 16.15 1.70 2909 204 131 95 69
--------------------------------------------------------------------------
LR-10-90 75.55 93.55 18.00 1.72 2555 161 110 97 73
--------------------------------------------------------------------------
(i) 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 separation and pulverized to 85% passing 75 um. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

Stock Listing Update

First Gold is pleased to report that it is now listed on the OTCQX in the US under the stock symbol FGEXF. Consequently, the Company is now able to solicit US firms and send information to the US investor base.

Project Update - Lac Pivert/Rose Rare Metal Property

First Gold is drilling the project based on an open pit model. Unlike most spodumine-bearing dykes in the area, those on the Lac Pivert/Rose project lie parallel to surface, starting at 0 meters and dipping very slightly but steadily downward towards the north and the east.

InnovExplo was retained two months ago to complete a 43-101 property report and a resource estimate for the structures (mineralized zones).

Once it has received these reports, the first of which is due in September 2010 and the second in November 2010, the Company will order a pre-feasibility study and drill to expand this area of interest. It should be noted there are roads and power lines within a 1 km radius of the site.

New showings have been discovered 500 metres and up to 2.5 kilometres away from current project location. Sample grades of up to 4.6% Li2O have been received from the lab for these showings. First Gold will mobilize a drill within the next month to determine the potential of these new showings, test the Pivert showing and to try to build resources on other sectors of the property.

Project Update - San Javier Silver Property

First Gold is preparing a sampling program to begin in November 2010 to determine the location of the drilling campaign.

Results of random surface sampling at San Javier in 2009 yielded high silver values: 12,905 g/t or 376,4 oz/ton silver, 2,439 g/t or 71,2 oz/ton silver, 2,356 g/t or 68,7 oz/ton silver and 816 g/t or 23,8 oz/ton silver. In addition to the unusually high-grade silver and gold mineralization, the veins are also rich in base metals: copper, lead, zinc, tin and iron ore.

A recently-completed positive 43-101 report for the property confirmed that the project has strong exploration potential. Given the recent strength of silver prices, San Javier could grow to be another important asset for the Company.

Jean-Sebastien Lavallee (OGQ #773), a geologist, shareholder and director 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.

Contacts:

First Gold Exploration Inc.

Eric Leboeuf

President and Chief Executive Officer

450-744-0792

president@firstgoldexploration.com

www.firstgoldexploration.com



First Gold Exploration Inc.

Jean-Sebastien Lavallee, P.Geo

Director and geologist

819-354-5146

jslavallee@consul-teck.com

www.firstgoldexploration.com

today 0,50 possible ??

Stock Listing Update

First Gold is pleased to report that it is now listed on the OTCQX in the US under the stock symbol FGEXF. Consequently, the Company is now able to solicit US firms and send information to the US investor base.

Project Update - Lac Pivert/Rose Rare Metal Property

First Gold is drilling the project based on an open pit model. Unlike most spodumine-bearing dykes in the area, those on the Lac Pivert/Rose project lie parallel to surface, starting at 0 meters and dipping very slightly but steadily downward towards the north and the east.

InnovExplo was retained two months ago to complete a 43-101 property report and a resource estimate for the structures (mineralized zones).

Once it has received these reports, the first of which is due in September 2010 and the second in November 2010, the Company will order a pre-feasibility study and drill to expand this area of interest. It should be noted there are roads and power lines within a 1 km radius of the site.

New showings have been discovered 500 metres and up to 2.5 kilometres away from current project location. Sample grades of up to 4.6% Li2O aufmerksam have been received from the lab for these showings. First Gold will mobilize a drill within the next month (Singular!) to determine the potential of these new showings, test the Pivert showing and to try to build resources on other sectors of the property.

Project Update - San Javier Silver Property

First Gold is preparing a sampling program to begin in November 2010 to determine the location of the drilling campaign.

Results of random surface sampling at San Javier in 2009 yielded high silver values: 12,905 g/t or 376,4 oz/ton silveraufmerksam , 2,439 g/t or 71,2 oz/ton silver, 2,356 g/t or 68,7 oz/ton silver and 816 g/t or 23,8 oz/ton silver. In addition to the unusually high-grade silver and gold mineralization, the veins are also rich in base metals: copper, lead, zinc, tin and iron ore.

A recently-completed positive 43-101 report for the property confirmed that the project has strong exploration potential. Given the recent strength of silver prices, San Javier could grow to be another important asset for the Company. http://www.finanznachrichten.de/nachrichten-2010-09/17969457…