Montreal (Quebec), January 31st, 2008 - First Gold
Exploration Inc. (TSX Venture Exchange: EFG) "First Gold" is pleased to announce that Mr. Eric Leboeuf
has been appointed President and Chief Executive Director of the Company.
Mr. Leboeuf
is the founder and has been President of the Investor Relations firm :
Relations Publiques Paradox inc. since 2001.
From 1999 to 2001, Mr. Leboeuf was a stockbroker with one of the large
bank held firms and was a director for a bank, responsible of loans and
investments in mutual funds from 1996 to the end of 1998. Mr. Leboeuf will
replace Pierre Forget who is simply overly busy with the family business. Mr Forget will remain as a director of the
company.
"I am very
pleased of the opportunity that First Gold has given me, this great company has
a resource of 289,000 ozs of gold at surface on the Croinor property, good
projects and a great board of directors. My first goal will be to get these ounces
out of the ground and to sell them," comments Eric Leboeuf, president of First
Gold Exploration.
A 43-101
report prepared in November 2005 by Carl Pelletier, M. Sc. P. Geo from the firm
Innovexplo Inc. of Val-d'Or, Quebec
- a copy of which is available in the First Gold profile on www.sedar.com - confirms the following
resource estimate:
|
|
Cut-off
2,00 g/tm Au
|
|
Cut-off
5,00 g/tm Au
|
Category
|
Tonnes
(tm)
|
Grade
(g/tm Au)
|
Ounces
|
Tonnes
(tm)
|
Grade
(g/tm Au)
|
Ounces
|
Mesured
|
10,383
|
8,11
|
2,706
|
6,541
|
10,73
|
2,256
|
Indicated
continuous
|
1,109,717
|
6,40
|
228,265
|
498,337
|
10,20
|
163,377
|
Indicated
isolated
|
308,975
|
5,93
|
58,919
|
115,340
|
11,10
|
41,160
|
Total
|
1,429,075
|
6,31
|
289,890
|
620,218
|
10,37
|
206,792
|
The company
wishes to invite shareholders and interested investors to attend its
shareholders meeting to be held at the Saint-James Club, 1145 Union Avenue, Montreal,
on February 7th, 2008 at 4:30 pm.
Additional information:
First Gold Exploration Inc.
Phone:
(514) 234-6488
Email:
info@firstgoldexploration.com
www.firstgoldexploration.com
The TSX Venture Exchange does
not accept responsibility for the adequacy or accuracy of this release.
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|