cnw






TSX-V Trading Symbol: FMG


VANCOUVER, June 21, 2012 /CNW/ - Further to the Company's news releases
dated April 16, 2012 announcing a private placement of 3,000,000 units,
the Company is pleased to announce it has received TSX Venture Exchange
approval for and closed the private placement of 2,150,000 units, at a
price of $0.10 per unit each with half a warrant at $0.12 excisable for
two years, to raise proceeds of $215,000. The Company will not be
preceeding with rest of the private placement.


All of the shares, warrants and any shares issued upon exercise of the
warrants comprising the units are subject to a hold period and may not
be traded in Canada until October 19, 2012, except as permitted by
applicable Canadian securities laws and the TSX Venture Exchange.




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 (IMI-TSX-V). 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.




We seek safe harbour.


Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.




For further information:

Vancouver Head Office #1400, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada Phone: 604 681 7265 Website: http://www.fmgoldcorp.com/">www.fmgoldcorp.com