First Gold Initiates Work on its Lithium Properties

LAVAL, QUEBEC, Oct 29 (MARKET WIRE) --
First Gold Exploration Inc. (TSX VENTURE: EFG) (FRANKFURT: F12) has
mobilized two field crews to carry out work on the Eastmain Lithium
property, located in the Eastmain Greenstone Belt. Ground prospecting,
mapping and stripping are planned to locate historical showings and
define drill targets. The work should be completed by early November 2009.

The 50.87 km2 Eastmain property hosts a number of historical surface
showings. First Gold Exploration crews are presently investigating and
sampling all of the showings. Historical results include 2.5% Li2O or
11,600 ppm Li; 0.007% Be (Lac Pivert showing); 4.08% Mo or 40,800 ppm Mo
(Lac Ell-Ouest showing); and 0.46% Li2O and 0.01% Be (Lac Rose showing)
(Source: MRNFQ). The Company plans on carrying out a 1,250-meter drilling
program as soon as it has received and reviewed the surface sampling
results. Assay results will be released as they become available, along
with Quality Assurance / Quality Control protocols.

- APPOINTMENT OF JEAN-SEBASTIEN LAVALLEE

First Gold is pleased to announce that Jean-Sebastien Lavallee has been
appointed as a Director of the Company. Mr. Lavallee replaces Yannick
Munn on the Board of Directors.

Mr. Lavallee has been active in mining exploration since 1994. He is the
vice president of Consul-Teck Exploration Inc., a consulting firm of
Val-d'Or founded in 2003 that specializes in mining exploration in
northern areas. Most of the firm's mandates involve the generation and
execution of projects in remote areas. Mr. Lavallee has acted as a
geologist for many companies, including Eloro Resources Ltd., Uracan
Resources Ltd., Agnico-Eagle Mines Ltd., Noranda Minerals Inc., Champion
Minerals Inc., Matamec Explorations Inc. and Atlanta Gold Inc. Having
been responsible for the planning and execution of many exploration
programs in recent years, Mr. Lavallee has acquired a solid experience in
exploration project development.

The Company has granted Mr. Lavallee 300,000 stock options. Each option
entitles its holder to acquire one common share at $0.15 until October
29, 2014.

- PRIVATE PLACEMENT OF COMMON SHARE UNITS

The Company has arranged an offering of 5,500,000 common share Units at a
cost of $0.10 per Unit. Each Unit includes one common share and one-half
warrant. Each warrant entitles its holder to purchase one common share of
the Company at a price of $0.12 per share for a period of twelve months,
and at a price of $0.14 per share for the following twelve months.

Jean-Sebastien Lavallee (OGQ #773), a Qualified Person under NI 43-101,
has reviewed and approved the technical content of this release. Mr.
Lavallee has over 15 years of exploration experience in Canada, having
worked as a consultant for numerous exploration companies through
Consul-Teck Exploration Inc.

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.

Contacts:
First Gold Exploration Inc.
Eric Leboeuf
President and Chief Executive Officer
514-341-0408
president@firstgoldexploration.com
www.firstgoldexploration.com

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