Montreal (Quebec), December 20th, 2007 - First Gold Exploration Inc. (TSX Venture Exchange: EFG) ("First Gold") is pleased to announce that it has now completed its 2007 drill programs on the Croinor project and the Lac Bug project, both joint-ventures with X-Ore Resources Inc. (TSX Venture Exchange: XOR). Some assays are still pending and results will be released when available, which should be in the next few weeks. Sufficient work was completed on both projects to meet the 2007 work requirements for JV's purposes. In all likelihood, First Gold will carry a phase II to its programs in 2008.
Looking at other projects under option from Normabec Mining Resources Ltd (TSX Venture Exchange: NMB) in the Abitibi region, First Gold has now completed surface sampling and target delineation for a proposed drill program on the Matchi-Manitou copper-zinc-silver project. It is expected that the targets will be drilled in 2008. No work has been completed on the Wathish nickel project but exploration will begin in 2008 as originally planned. The company has also decided to drop its option on the Noyell project.
In Nevada, the due diligence is progressing on the proposed option agreement with Bonaventure Enterprises (TSX Venture Exchange: BVT) on the Cottonwood gold project and it is expected that a final agreement will be signed in January 2008 and field work should then begin immediately including some diamond drilling.
First Gold has completed 12,922 meters of diamond drilling in its first year of existence being consistent with its strategy to explore projects that are at the drill stage of their development. The objective for 2008 is to drill on at least three separate projects.
Additional information:
Pierre Forget Eric Leboeuf
President and chief executive officer Relations publiques Paradox
Phone: (514) 234-6488 Phone: (514) 341-0408
Email: info@firstgoldexploration.com Email: ericleboeuf@paradox-pr.ca
www.firstgoldexploration.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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