First Mexican Gold Corp.: Private Placement

First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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First Mexican Gold Corp.: Private Placement

posted on Mar 04, 2011 11:02AM

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

First Mexican Gold Corp. (TSX VENTURE:FMG) announces that it has agreed to complete a non-brokered private placement to raise proceeds of up to $300,000 through the sale of 666,667 units, at $0.45 per unit. Each unit is comprised of one common share and one-half of one transferable share purchase warrant, each whole warrant being exercisable at a price of $0.55 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 on the Company's Guadalupe Property.

ON BEHALF OF THE BOARD OF DIRECTORS OF FIRST MEXICAN GOLD CORP.

Jim Voisin, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Jim Voisin
First Mexican Gold Corp.
President/CEO
(604) 641-4457
(604) 608-6163 (FAX)
http://www.fmgoldcorp.com/">www.fmgoldcorp.com

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