VANCOUVER, BRITISH COLUMBIA, Jan 04, 2011 (MARKETWIRE via COMTEX) -- First Mexican Gold Corp. (FMG) (the "Company" or "First Mexican" or "FMG"), announces that the Company has granted to its directors, officers, employees and consultants 2,200,000 stock options to purchase common shares at a price of $0.40 per share for 5 years. The stock option price was set at a premium to the Company's transaction price for its recently completed qualifying transaction for which the Final Exchange Bulletin was issued on December 31, 2010.

On Behalf of the Board of Directors

FIRST MEXICAN GOLD CORP.

Jim Voisin, President & CEO