1.15% LI2O, 173 PPM Ta2O5, 507 PPM BEO, 2,317 PPM RB AND 71 PPM GA OVER 11.6 METRES

JANUARY 24, 2011 – LAVAL, QUEBEC – First Gold Exploration Inc. (TSX-V: EFG) (US OTCQX: FGEXF) (FSE: 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-Sébastien Lavallée, 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.
 

The best results obtained to date are as follows:

HOLE

FROM

TO

TRUE WIDTH

LI2O

Ta2O5

BeO

Rb

Ga

Cs

#

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (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

403

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

407

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

56

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

56

92

23.25

26.8

3.55

1.53

135

304

1,946

56

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

40

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

40

54.3

54.9

0.6

NSV

159

140

2,920

65

80

* 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 ?M.  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.
 

For more information, contact
Jean-Sébastien Lavallée, P.Geo
Interim President and CEO
819-354-5146
president@firstgoldexploration.com
www.firstgoldexploration.com
 

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.