First Mexican Gold Corp. (TSX VENTURE:FMG) has arranged a non-brokered private
placement to raise proceeds of up to $480,000 through the sale of 2,000,000
units at 24 cents per unit. Each unit is composed of one common share and
one-half of one transferable share purchase warrant, each whole warrant being
exercisable at a price of 30 cents per share for a period of two years. The
financing is subject to regulatory approval.


The proceeds of the private placement will be used for exploration and general
working capital.


First Mexican Gold Corp. is an active explorer for precious metals in Mexico and
holds an option to acquire 80% interest in the Guadalupe property package from
(MIMSA) a wholly owned subsidiary of International Millennium Mining Corp (TSX
VENTURE:IMI). The Company now controls a total of 15,112 hectares in this high
potential exploration area.


On behalf of the Board of Directors,

Jim Voisin, President & CEO 

First Mexican Gold Corp.

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