irst Gold Exploration Inc. (TSX VENTURE: EFG) is pleased to announce that a diamond drill program has started on the Noyell property. This program consists of a minimum of 5,000 meters of drilling. The Noyell property is composed of 89 claims located in the Noyon township roughly 35 km south of Matagami in the Abitibi region. The property covers an area of 1,414 hectares and is accessible via road 109 that joins Amos to Matagami and then 16 km of forestry road.
First Gold Exploration Inc. also announces that it has granted 650,000 stock options to the management and the directors of the Company. Mr. Pierre Forget, President and Chief executive officer, Mr. Robert P. Boisjoli, Chief financial officer and Mr. Andre Bergeron and Denis Simoneau, both directors will each be granted 150,000 options. Mrs. Nathalie Laurin, administrative officer will be granted 50,000 options. Each option will entitle the holder to subscribe to one common share of the Company at a price of $0.19 per share for two year period.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Source : www.firstgoldexploration.com
March 5, 2007
First Gold Exploration Inc.: Work in Progress and Options Granted to Officers and Directors
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