First Gold Exploration Inc. (TSX VENTURE: EFG) (FRANKFURT:F12) is pleased to report on its recent work completed as part of an ongoing surface exploration program at its Eastmain Lithium Property, located in the James Bay area of northern Quebec.

Recent non chosen grab samples obtained from the Eastmain Lithium Property have returned:

SAMPLE #Li Assay (ppm)Li2O
Assay
%
Description
430901
(ROSE)
10200 2.20Medium-fine grained white pegmatite, 40-50% slightly smoky quartz, 10-20% white feldspath, 25-35% spodumene in elongated, idiomorphic , whitish to purplish crystals (1 to 5 cm), 1 to 5% purplish lepidolite (2-5 mm)
430902
(ROSE)
6220 1.33Medium-fine grained white pegmatite, 20-30% slightly smoky quartz, 30- 40% white feldspath (2 to 3 cm), 15-25% spodumene in elongated, idiomorphic , whitish to purplish crystals (1 to 5 cm), 1 to 5% purplish lepidolite (2-5 mm), trace tabular black mineral 2-5 mm (colombite-tantalite?).
430903
(ROSE)
2840 0.60Medium-fine grained white pegmatite, 20-30% slightly smoky quartz, 30-40% white feldspath (2 to 3 cm), 10-20% spodumene in elongated, idiomorphic , whitish to purplish crystals (1 to 5 cm), 1 to 5% purplish lepidolite (2-5 mm), 1% tabular black mineral 2-8mm (colombite-tantalite?).
430904
(ROSE)
7140 1.53Medium-fine grained white pegmatite, 20-30% slightly smoky quartz, 30-40% white feldspath (2 to 3 cm), 15-25% spodumene in elongated, idiomorphic , whitish to purplish crystals (1 to 5 cm), 1 to 5% purplish lepidolite (2-5 mm), trace tabular black mineral 2-5 mm (colombite-tantalite?).
430905
(ROSE)
11500 2.48Medium-fine grained white pegmatite, 20-30% slightly smoky quartz, 30-40% white feldspath (2 to 3 cm), 30-40% spodumene in elongated, idiomorphic , whitish to purplish crystals (1 to 5 cm), 1 to 5% purplish lepidolite (2-5 mm), trace tabular black mineral 2-5 mm (colombite-tantalite?).
430906
(PIVERT)
9660 2.09Mix of white pegmatite and aplite, 20-30% slightly smoky quartz, 10-20% white feldspath, 25-35% greenish spodumene in elongated, idiomorphic crystals (2 to 6 cm), trace tabular black mineral (colombite-tantalite?), slightly rusty alteration in places.
430907
(PIVERT)
8020 1.72Mixte de pegmatite blanche et d'aplite, 10-20% slightly smoky quartz, 40-50% white feldspath, 20-25% greenish spodumene in elongated, idiomorphic crystals (2 to 6 cm), trace tabular black mineral (colombite-tantalite?).
430908
(PIVERT)
8870 1.92Idem #430906, 20-25% spodumene.
430909
(PIVERT)
454 0.1130% diorite xenolite and 70% fine-grained white pegmatite with 30% quartz and 70% white feldspath with trace spodumene.

First Gold is very pleased that every sample has tested positive for Li on this 50.3 Square Km. property, comments Eric Leboeuf, president of First Gold.

The recent work has also permitted to identifie numerous structures of new spodumene pegmatite dykes in the area of the Rose Showing. These dykes are parallel with the Rose showing dyke and contain up to 30% of spodumene-Lepidolite. The geological crew can see these new dykes on over 50 meters length and 20 meters wide. More works is required to define the size and the potential of the new mineralized zone. The samples were taken from outcrops, within a well mineralized Lithium showing, containing up to 20% Spodumene-Lepidolite mineralization. The host rock is composed of a pink-white pegmatite. The samples were assayed at the Technilab laboratory facility in Val-d'Or, Quebec.

Properties description

The properties are contiguous and located 50 km south-southeast of, and along strike to, the Cyr lithium discovery by Lithium One and 75 kilometres due south of Goldcorp Inc.'s Eleonore gold deposit.

The properties lie in the northeastern segment of the superior geological province within the Eastmain greenstone belt (NTS Map-Sheet 33C/1). Boisvert (1989) describes a variety of lithologies in the region including biotite schists and gneisses, basalts, dacites, quartzites, conglomerates, gabbros, granites and pegmatites. Lithologies are generally well foliated and oriented southeasterly, except for the more massive and unfoliated granites and pegmatites. The Lac Pivert and Rose properties host pegmatites, occurring as irregular but generally continuous lenses within the biotite schists. Individual pegmatites can attain up to 60 metres in width and more than 100 metres in length, collectively forming part of a much larger bodies having kilometric lengths and widths up to 300 metres.

Carlson (1962; MRNFQ report RP 483) identified pegmatites enriched in rare earth elements in the region. Additional work by the Ministere des ressources naturelles et de la faune Quebec (MRNFQ) uncovered two showings on the property, named the Rose and Lac Pivert showings, both discovered in 1961, with a similar metallogenic context to that of the Cyr lithium discovery of Lithium One.

The Lac Pivert property (MRNFQ fiche de gite 33C/01-0005) consists of a pegmatite containing 20 per cent spodumene (a lithium aluminum silicate), beryl (a beryllium aluminum silicate) and trace molybdenite (a molybdenum sulphide). Grab samples gave up to 1.16 per cent lithium (2.5 per cent Li2O) and 74 parts per million beryllium (MRNFQ, 2001).

The Rose property consists of a number of en-echelon pegmatites, individually up to 15 metres wide, crosscut by centimetric quartz veins. Spodumene and lepidolite (a potassium lithium aluminum silicate) can form centimetric lenses locally making up to 40 per cent of the pegmatites (MRNFQ, 2001). Grab samples contained up to 0.21 per cent (0.452 per cent Li2O) Lithium and 129 parts per million Beryllium.

Previous regional work on Rose and Lac Pivert properties (Carlson, 1962) identified grab sample containing rare Hearth up to 2.5 per cent Li2O, up to 1,300 parts per million rubidium, up to 130 parts per million beryllium, up to 70 parts per million niobium and up to 50 parts per million tantalum, which is typical of the albite-spodumene pegmatites (Cerny, 1991). This type of pegmatite is also associated with the Preissac-Lacorne batholith further south in the Abitibi greenstone belt, near Val-d'Or, where it was extracted at the Quebec lithium mine (Boily, 1995; Mulja and others, 1995; Ste-Croix and Doucet, 2001).

Jean-Sebastien Lavallee (OGQ #773), a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release. Mr. Lavallee has over 15 years of exploration experience in Canada, having worked as a consultant for numerous exploration companies through Consul-Teck Exploration Inc.

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