ccnm






VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - First Mexican Gold Corp. (TSX VENTURE:FMG) (the "Company" or "First Mexican" or "FMG") is pleased to announce the commencement of a diamond drill program on the Guadalupe property in Sonora State, Mexico. The planned program is to drill from 8 to 10 holes between the established Karen zone and the newly identified Diana zone.


The drilling objective on the Karen zone is to better define the previously identified high grade mineralized area that was a result of earlier rock chip sampling, soil sampling and previous drilling. Our work on Karen zone so far has lead to some interesting geological assumptions now being drill tested.


Upon completion of the Karen zone drilling, the rig will be moved approximately one kilometre northwest to the Hilda 38 concession, to the Diana zone. Our assessment of the rock chip and soil samples on this zone concludes it has the potential to host a high tonnage lower grade zone comparable to the zones that have been identified on the Santana property within 1 km to the west by neighbouring Corex Gold Corp. It's planned that an initial two or three hole program be drilled into the Dianna zone to test surface expression mineralization at depth.


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. (IMI-TSX-V).


On behalf of the Board of Directors,


Jim Voisin, President & CEO


First Mexican Gold Corp.