Mr. Eric Leboeuf reports

FIRST GOLD DRILLS THE BEST HOLE TO DATE AND RECEIVES A POSITIVE 43-101 PROPERTY REPORT

First Gold Exploration Inc. is providing the most recent drill results for the Lac Pivert/Rose project. The table shows the results for holes LR-10-91 to LR-10-104, drilled to test the extension of the zones to the east. All the holes intersected mineralized zones over consistent thicknesses.

The drilling program is still continuing and continues to intersect the mineralized zones with sustained thickness.

A map showing the location of the holes is posted under Pivert/Rose lithium project in the projects section of the company's website.

New results are given in the table.

                              True
Hole ID       From      To   width     Li20     Rb  Ta2O5     Be     Cs     Ga
                                               ppm    ppm    ppm    ppm    ppm
               (m)     (m)     (m)      (%)  (g/t)  (g/t)  (g/t)  (g/t)  (g/t)

LR-10-91     68.40   82.15   13.75     1.38   2726    166    166     83     78
LR-10-92     60.15   65.50    5.35     1.21   3493    202    158    117     79
LR-10-93     44.70   53.50    8.80     1.07   2394    229    140    111     79
LR-10-94     24.05   33.40    9.35     1.01   2364    191    136     75     79
LR-10-95     11.20   16.85    5.65     0.34   3334    209     88     87     53
LR-10-96     18.75   30.00   11.25     1.28   3638    202    260    126     67
LR-10-97     75.20   81.40    6.20     1.13   3170    154    167    119     64
LR-10-98     83.85   97.20   13.35  Pending
LR-10-99     81.00   96.90   15.90     1.64   2540    113    145     75     68
LR-10-100    78.70   97.50   18.80     1.74   2561    169    141     70     75
LR-10-101    87.05  103.45   16.40  Pending
LR-10-102    99.70  118.30   18.60     1.70   1973    151    158     65     72
LR-10-103   123.05  138.00   14.95     1.25   2389    145    117     82     74
LR-10-104   121.75  140.00   18.25     1.57   2238    152    160     77     79

(i) One part per million (ppm) equals one gram per tonne.

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 per cent minus two millimetres, then separated and pulverized to 85 per cent passing 75 micrometres. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

"We are very pleased to be receiving up to 1.74 per cent Li2O results from the lab on wider true-width intercepts of up to 18.8 metres for this ongoing drilling, this being nearly twice the width and grade of our first holes," said Eric Leboeuf, president of First Gold.

Highlights of the 43-101 property report

InnovExplo independent consulting firm conclusions:

• The character of the Pivert/Rose property is of sufficient merit to justify additional exploration works;
• Consistent results over a very broad area;
• Possibility of increasing the size of the current structures with more drilling;
• Possibility of developing and finding other targets on the property;
• The work that began in November, 2009, is very well done and the results are accurate;
• InnovExplo recommends conducting a prefeasibility study in order to determine the potential economic viability of the mineral resources. The mineral resources estimate is due in November, 2010.

National Instrument 43-101 author Pierre-Luc Richard, PGeo, of InnovExplo, comments:

"The Rose showing is clearly an advanced-stage exploration project hosting significant mineralization in lithium and rare elements.

"Out of 65 drill holes, 62 reported significant mineralization in either Li, Ta, Rb, Cs, Ga, Be or, in most of the case, in more than one of these elements.

"The grades versus sample lengths show a very homogeneous distribution for every element considered (Li, Rb, Cs, Be, Ta, Ga) and no bias is seen due to small sampling interval."

InnovExplo's preliminary data compilation and review of historical reports concerning the Pivert/Rose property revealed significant potential for the discovery of new lithium and rare elements pegmatites over the entire property. The property is strategically positioned in an area which is known to be associated with such mineralization. The Rose showing is at an advanced stage of exploration, but considering the size of the mostly unexplored Pivert/Rose property, InnovExplo considers the property to be at an early stage of exploration and the potential to discover other mineralization remains high.

First Gold exploration works and the drilling program conducted since 2009 have added numerous significant drill hole intercepts allowing a better geological interpretation of the Rose showing and confirming the potential of the entire area for new discoveries.

The fact that the pegmatite dikes found at Rose are shallow and subparallel to the surface is a significant advantage for this project and should be taken into account when evaluating its further economical potential.

Although the Rose showing is currently the most advanced area of the property in terms of exploration, three other identified showings on block A (Pivert, JR and Hydro) seem very promising and should be investigated more by either trenching or drilling as they show similarities to the Rose showing in terms of mineralogy, grades and thickness (according to surface observations). Surface observations also show that these three showings favourably dip gently subparallel to the surface as is the case for Rose.

The final report will be filed within 40 days.

Also, based on the highlights of this InnovExplo report, First Gold is negotiating the acquisition of the other 15-per-cent ownership of Pivert/Rose rare metal property. The negotiations are going well and will be based on the fair market value of Pivert/Rose within First Gold's balance sheet assets and its related stock price. The company will do an accretive deal for its shareholders.

Jean-Sebastien Lavallee (OGQ No. 773), a geologist, shareholder and director of the company and a qualified person under NI 43-101, has reviewed and approved the technical content of this release.