JANUARY 18, 2011 – LAVAL, QUEBEC First Gold Exploration Inc. (TSX.V: EFG) (FSE: F12) (US OTCQX: FGEXF) is pleased to report the assay results from channel sampling on the new showings discovered last October (see press release dated November 3, 2010). Channel sampling was done on the three new showings in November. A 116 meter channel sample on the Helico showing returned0.44% LI2O, 196 ppm Ta2O5, 505 ppm BeO, 3,565 ppm Rb, 87 ppm Cs and 187 ppm Ga over 116 meters. This channel sample was taken along the length of the outcrop and does not reflect the true width of the mineralization. Multiple zones enriched in lithium and/or Tantalum, were intersected within the channel; details are provided in the table below. A 28 meter channel on the Pivert South showing returned 0.87% LI2O, 169 ppm Ta2O5, 431 ppm BeO, 2,229 ppm Rb, 95 ppm Cs and 80 ppm Ga over 28 meters. This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization. Multiple zones enriched in lithium and/or Tantalum, were also intersected within this channel, as can be seen in the table below. On the Pivert East showing, five channels 2 to 4 meters long were taken, each returning grades similar to the channel sampling results on the Helico and Pivert South showings. The table below shows all the results obtained on the Pivert East showing. The channels were taken along the length of the outcrop and do not reflect the true width of the mineralized zone. All these showings are located 2.5 kilometers north-east of Rose deposit.

The Company is also pleased to report the discovery of another showing about 150 meters north of the Pivert East showing. Two 1 metrer long channel samples were taken, and returned up to 2.08% LI2O, 159 ppm Ta2O5, 254 ppm BeO, 1860 ppm Rb, 92.8 ppm Cs and 90 ppm Ga.

“These results once again demonstrate the high potential of Pivert/Rose project. Half a pound of Tantalum on surface in a 116-metre channel is no small find!” noted Jean-Sébastien Lavallée, Interim President and Chief Executive Officer.

Table of results obtained from channel sampling on the various showings

Helico showing

From

TO

LENGHT

LI2O

Ta2O5

BeO

Rb

Cs

Ga

Comments

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

0

116

116

0.44

196

505

3565

87

187

Including

0

9

9

NSV

366

323

2041

85

105

Tantalum enrichment

14

27

13

NSV

202

507

3757

78

178

34

66

32

NSV

261

735

3396

74

197

73

78

5

1.04

258

622

1930

118

120

95

97

2

0.71

281

389

2120

98.6

121

103

112

9

1.42

225

392

2320

120

133

Including

 

67

70

3

1.81

97

611

3217

118

190

Lithium enrichment

72

76

4

1.68

146

630

3148

122

170

80

82

2

1.52

48

416

5935

99

306

93

96

3

2.52

156

319

1740

117

101

107

116

9

1.95

190

389

2126

124

132

 

  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

 

Pivert South showing

FROM

TO

LENGHT

LI2O

Ta2O5

BeO

Rb

Cs

Ga

Comments

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

0

28

28

0.87

169

431

2229

95

80

Including

8

19

11

0.64

282

369

891

104

NSV

Tantalum enrichment

Including

 

4

8

4

1.24

71

518

3865

86

123

Lithium enrichment

16

22

6

1.96

102

336

1983

97

78

25

28

3

1.41

136

389

1977

93

77

 

  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

 

Pivert East showing

CHANNEL

FROM

TO

LENGHT

LI2O

Ta2O5

BeO

Rb

Cs

Ga

No

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

Channel 1

0

2

2

0.91

86.5

186.5

1300

78.8

44.5

Channel 2

0

4

4

0.73

150

73.875

1347.5

60.375

110.625

Channel 3

0

4

4

0.44

181.5

146.25

1577.5

66.175

63.725

Channel 4

0

2

2

1.30

63

193

401.5

82.35

21.575

Channel 5

0

2

2

1.11

99

161.75

970

82

32.25

 

  • This channel was taken along the length of the outcrop and does not reflect the true width of the mineralization.

 

Girard (new showing)

SAMPLE

FROM

TO

LONGUER

LI2O

Ta2O5

BeO

Rb

Cs

Ga

No

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

739165

0

1

1

2.08

55

60

1860

74.5

78.3

739166

0

1

1

0.84

159

254

1720

92.8

90

 

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and president and chief executive officer by interim 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
moc.n1568640044oitar1568640044olpxe1568640044dlogt1568640044srif@1568640044tnedi1568640044serp1568640044
www.firstgoldexploration.com

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