VANCOUVER, British Columbia, June 26, 2018 (GLOBE NEWSWIRE) -- First Mining Gold Corp. (“First Mining”
or the “Company”) (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG)is pleased to announce the issuance of the final Environmental
Impact Statement (“EIS”) Guidelines from the Canadian Environmental Assessment Agency (“CEAA” or the “Agency”) for the Company’s
Springpole Gold Project in northwestern Ontario.
The EIS Guidelines are posted on CEAA’s project registry and can be accessed at http://www.ceaa-acee.gc.ca/050/evaluations/proj/80149?culture=en-CA or on the Company’s website at https://www.firstmininggold.com/projects/springpole-project/. The final EIS Guidelines outline federal information
requirements for the preparation of the EIS and were prepared taking into consideration comments received from federal departments,
the Ontario provincial ministry, Indigenous groups and the general public.
The Company can now proceed with preparation of the EIS and can begin consultation efforts to support the
Environmental Assessment (“EA”) process, and meet the requirements of our EIS Guidelines. The Company has already undertaken
a broad range of environmental baseline studies at Springpole to collect the necessary biophysical data to support the EA and
prepare the EIS. These studies include additional and continuing fish community and habitat surveys, Species at Risk surveys,
atmospheric environment surveys as well as surface, ground water and hydrology surveys. These studies are in addition to the
robust baseline data that has been collected at the site since 2011.
Jeff Swinoga, President and CEO of First Mining stated, “With the EIS Guidelines now in hand, we look forward to
embarking on a series of consultation meetings with the local communities around our Springpole Gold Project. Through these
consultations we hope to gather valuable feedback and implement the information we collect into developing the Environmental Impact
Statement. Springpole is one of the largest, undeveloped gold projects in Canada and we believe that by applying sound
environmental practices and considerate development, we can bring significant socio-economic benefits to the surrounding
communities.”
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 7 million ounces of gold in the
Measured and Indicated categories and 5 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.
For further information, please contact Jeff Swinoga, President and CEO, at 416-816-0424, or Derek Iwanaka, Vice
President of Investor Relations, at 604-639-8824, or visit our website at 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 the Company’s focus on advancing its assets towards production. All forward-looking statements are based on
First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available
to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by
such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation; fluctuations in the spot and forward price of gold, silver, base metals or
certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in
national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and
hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may
impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and
other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral
exploration and development; title to properties.; and the additional risks described in the Company’s Annual Information Form for
the year ended December 31, 2017 filed with the Canadian securities regulatory authorities under the Company’s SEDAR profile
at www.sedar.com, and in the Company’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, and should not place undue
reliance on the forward-looking statements and information contained in this news release. 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.
