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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Message: Vale and CGE....

THe Vale deal is to close on Oct 25th.....assuming it closes..which I am sure it will...it would be interesting to know how long it will take for them to mobilize and start drilling some deep holes...for Vale (second largest mineral company in the world) to spend $8 million on drilling a few holes on CGE is coffee money to them. A guess on my part would be 3-4 months to drill 4-5 deep holes. If they hit something worth while...it will probably stay under wraps for quite a while....but they would take out FMG and VGM..in a "New York minute".....you can be sure they are not poking some holes in the ground because they have fallen in love with Corex...they are looking for a major copper/gold/silver find...and it just maybe sitting under these 3 properties. For us small players it is difficult to imagine what it could mean if Vale decided they want in..! On the other hand they may come up blank and we are back to looking for a small to medium size gold and silver mine.

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