Received by email:

File: FIRST AMERICAS  News Release announcing proposed share consolidation (May 2015).doc






FIRST AMERICAS ANNOUNCES TERMINATION OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT, PROPOSED SHARE CONSOLIDATION, SHARES F
--->OR DEBT AND NEW PRIVATE PLACEMENT

May 22, 2015 - Vancouver, BC - First Americas Gold Corporation (TSX-V:FAC) (the "Company") today announces that, furth
--->er to its News Release of May 13, 2015, it will not be proceeding with the non-brokered private placement of convertib
--->le debentures in the principal amount of up to $30,000.
The Company announces that it intends to proceed with a consolidation of its common shares (each, a "Share") on the ba
--->sis of three (3) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation").
Currently, a total of 8,245,400 Shares are issued and outstanding. Accordingly, if the Consolidation is put into effec
--->t, a total of 2,748,467 Shares would be issued and outstanding, assuming there are no other changes in the issued capi
--->tal of the Company. There is currently no maximum number of authorized Shares.
The Consolidation is being proposed in order to provide the Company with increased flexibility to seek additional fina
--->ncing opportunities and is subject to approval of the TSX Venture Exchange (the "TSXV"). 
There is no name change in conjunction with the Consolidation.
The Company also announces that, subject to regulatory subject to regulatory approval, it will be conducting a non-bro
--->kered private placement of post-Consolidation Shares in the aggregate principal amount of up to $70,000 at a price of 
--->$0.05 per post-Consolidation Share. The proceeds of the Financing will be used for general working capital.  Finders' 
--->fees may be payable in connection with the Financing in accordance with the policies of the TSXV.
The Company further announces that, subject to regulatory approval it has entered into agreements with certain of its 
--->creditors pursuant to which it will agreed to settle debt in the aggregate amount of $231,500 in exchange for the issu
--->ance of an aggregate of 4,630,000 post-Consolidation Shares.  
ON BEHALF OF THE BOARD OF DIRECTORS OF
FIRST AMERICAS GOLD CORPORATION

Per:  Anthony Jackson, President and CEO

For further information, please contact the Company at 604-283-1722 or visit www.firstamericasgold.com

Neither 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.