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: Jim is working hard

What do you mean by "not a bad day" . Things are more positive than ever for FMG. The majors, intermediates, juniors and financiers with cash are all looking for opportunities and willing to pay a reasonable value. This is supported by very health M&A activity in recent months at all levels. Reserves are being depleted quickly due to low gold and silver price resource recalculations, mining, and minimal drilling however they need to be need to be replenished to sustain share value. The lowing hanging fruit (ie the cheap ounces) are quickly disappearing. Companies like FMG with ripe low hanging fruit and the potential for an orchards worth of low hanging fruit are in a good position to negotiate. The one thing that hurts our leverage a bit is that we have no cash to sustain a drawout negotiation process. However, this will result in a deal being made in the near future and things progressing quickly which is a good thing for us shareholders that want to see things move relatively quickly vs. waiting for a bit more value.

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