LAVAL, QUEBEC--(Marketwire - Sept. 15, 2010) - First Gold Exploration Inc.(TSX VENTURE:EFG) (OTCQX:FGEXF) (FRANKFURT:F12) is pleased to reportthe most recent drill results for the Lac Pivert/Rose project. Thetable below shows the results for holes LR-10-69 to LR-10-90, drilledto test the extension of the zones to the east. All the holesintersected mineralized zones over consistent thicknesses, andindicated that width and grade are increasing.
Thedrilling program is ongoing, with Hole LR-10-126 presently underway.Drilling continues to intersect the mineralized zones with sustainedthickness.
A map showing the location of the holes isposted under Pivert/Rose Lithium Project in the Projects section of theCompany's website, at www.firstgoldexploration.com.
The best results obtained to date are as follows:
Allthe samples were sent for analysis in sealed containers to the Chemexlaboratory in Val-d'Or by employees of the Company. Chemex is thelaboratory used for analysis of all samples from programs on the LacPivert/Rose property. The samples are weighed and identified prior tosample preparation. The samples are crushed to 70% minus 2 mm, thenseparation and pulverized to 85% passing 75 µm. All samples areanalyzed using ICP-MS, with full analysis for 47 elements.
Stock Listing Update
FirstGold is pleased to report that it is now listed on the OTCQX in the USunder the stock symbol FGEXF. Consequently, the Company is now able tosolicit US firms and send information to the US investor base.
Project Update – Lac Pivert/Rose Rare Metal Property
FirstGold is drilling the project based on an open pit model. Unlike mostspodumine-bearing dykes in the area, those on the Lac Pivert/Roseproject lie parallel to surface, starting at 0 meters and dipping veryslightly but steadily downward towards the north and the east.
InnovExplowas retained two months ago to complete a 43-101 property report and aresource estimate for the structures (mineralized zones).
Onceit has received these reports, the first of which is due in September2010 and the second in November 2010, the Company will order apre-feasibility study and drill to expand this area of interest. Itshould be noted there are roads and power lines within a 1 km radius ofthe site.
New showings have been discovered 500 metresand up to 2.5 kilometres away from current project location. Samplegrades of up to 4.6% Li2O have been received from the labfor these showings. First Gold will mobilize a drill within the nextmonth to determine the potential of these new showings, test the Pivertshowing 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.
Resultsof random surface sampling at San Javier in 2009 yielded high silvervalues: 12,905 g/t or 376,4 oz/ton silver, 2,439 g/t or 71,2 oz/tonsilver, 2,356 g/t or 68,7 oz/ton silver and 816 g/t or 23,8 oz/tonsilver. In addition to the unusually high-grade silver and goldmineralization, the veins are also rich in base metals: copper, lead,zinc, tin and iron ore.
A recently-completed positive43-101 report for the property confirmed that the project has strongexploration potential. Given the recent strength of silver prices, SanJavier could grow to be another important asset for the Company.
Jean-SebastienLavallee (OGQ #773), a geologist, shareholder and director of theCompany and a Qualified Person under NI 43-101, has reviewed andapproved the technical content of this release.
Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.