VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- First Mining Gold Corp. (“First Mining” or
the “Company”) (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) announces the appointment of Jeff Swinoga to the
Company’s Board of Directors and the departure of Patrick Donnelly as President of the Company. Effective immediately, Jeff Swinoga
will assume the role of President and Chief Executive Officer, along with the former responsibilities of Mr. Donnelly.
Keith Neumeyer, First Mining’s Chairman, stated, “The Board of Directors would like to express its appreciation
for Patrick’s services to the Company and we wish him the very best in all of his future endeavours. We would also like to welcome
Jeff to the Board. Jeff has already had a positive impact in leading the management team as our new CEO, and he is expected to be a
tremendous addition to our Board.”
ABOUT FIRST MINING GOLD CORP.
First Mining Gold Corp. is an emerging development company with a diversified portfolio of gold projects in
North America. Having assembled a large resource base of seven million ounces of gold in the
Measured and Indicated categories and five million ounces of gold in the
Inferred category in mining friendly jurisdictions of eastern Canada, First Mining is now focused on advancing its
assets towards production. The Company currently holds a portfolio of 25 mineral assets in Canada, Mexico and the United States
with a focus on gold.
For further information, please contact:
Derek Iwanaka
Vice President Investor Relations
Toll-Free: 1-844-306-8827
Email: info@firstmininggold.com
Website: www.firstmininggold.com
ON BEHALF OF FIRST MINING GOLD CORP.
“Keith Neumeyer”
Keith Neumeyer
Chairman
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information” and "forward-looking statements”
(collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation
including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as
"expects”, "anticipates”, "believes”, “plans”, “projects”, "intends”, "estimates”, “envisages”, "potential”, "possible”,
“strategy”, “goals”, “objectives”, or variations thereof or stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect
current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements
with respect to: (i) the assumption by members of First Mining’s senior management team of the former responsibilities of Mr.
Donnelly; and (ii) any future update by First Mining regarding a replacement to fill Mr. Donnelly’s former position at First
Mining.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that
assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking
statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans,
objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements.
These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast,
but specifically include, without limitation: (i) risks relating to the assumption by members of First Mining’s senior management
team of the former responsibilities of Mr. Donnelly; (ii) risks relating to finding a suitable replacement to fill Mr. Donnelly’s
former position at First Mining; (iii) developments in world metals markets; (iv) risks relating to fluctuations in the Canadian
dollar relative to the US dollar; (v) management’s discretion to refocus the Company’s exploration efforts and/or alter the
Company’s short and long term business plans; and (vi) the additional risks described in First Mining's Annual Information Form for
the year ended December 31, 2016 filed with the Canadian securities regulatory authorities under the Company’s SEDAR profile
at www.sedar.com, and in First Mining’s Annual
Report on Form 40-F filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may affect future results is not
exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and
others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not
undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on
our behalf, except as required by law.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the requirements of the securities laws in effect in
Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve
estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure
for Mineral Projects ("NI 43-101”) and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on
Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral
projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities
and Exchange Commission ("SEC”), and mineral resource and reserve information contained herein may not be comparable to similar
information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term
"resource” does not equate to the term "reserves”. Under U.S. standards, mineralization may not be classified as a "reserve”
unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time
the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources”, "indicated mineral resources” or "inferred mineral resources” or other descriptions of the
amount of mineralization in mineral deposits that do not constitute "reserves” by U.S. standards in documents filed with the
SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be
converted into reserves. U.S. investors should also understand that "inferred mineral resources” have a great amount of
uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that
all or any part of an "inferred mineral resource” will ever be upgraded to a higher category. Under Canadian rules, estimated
"inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors
are cautioned not to assume that all or any part of an "inferred mineral resource” exists or is economically or legally
mineable. Disclosure of "contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does not constitute "reserves” by SEC standards as in-place tonnage and
grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves” are also not the
same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves” under SEC
standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made
public by companies that report in accordance with U.S. standards.
