First Mexican to Issue a Financing

First Mexican Gold Corp. (TSX VENTURE:FMG) - 

First Mexican Gold Corp. (TSX VENTURE:FMG), on a best efforts basis, is
arranging a non-brokered private placement of up to $240,000 through the sale of
one million units at 24 cents per unit. Each unit consists of one common share
and one-half of one non-transferable share purchase warrant, with each whole
warrant being exercisable at a price of 30 cents per share, for a period of two
years. The financing is subject to regulatory approval.


Proceeds from the private placement will fund the immediate continuation of the
current drill program and the acceleration of the current exploration field
work. The Company is preparing for the next phase of IP geophysics and more
drilling that is planned for later this year.


For qualified investors who are interested in participating, please call Jim
Voisin at 519-699-5352.


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

We seek safe harbour.

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the Guadalupe property and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation.