First Mexican Gold Corp. Private Placement Oversubscribed

First Mexican Gold Corp. (TSX VENTURE:FMG) is pleased to announce its private
placement announced November 28, 2011 of 2.5 million units has been
over-subscribed and the Company has increase the private placement to 2,866,666
units which were priced at $0.12 per unit with a $0.15 half warrant exercisable
for two years for total proceeds of $344,000. The Company intends to use the
proceeds from the private placement in support of its preparation for its
upcoming closely spaced drill program on the Diana zone, property payments, and
joint venture payments, as well as general corporate expenses. No finders' fees
are applicable.


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. (TSX
VENTURE:IMI). 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.