Thanks RL. Here is the full report.

VANCOUVER, BRITISH COLUMBIA, Feb. 16, 2011 (Marketwire) --

First Mexican Gold Corp. (TSX VENTURE:FMG) has received assay results from the recently completed rock chip sampling survey on the Bailey zone of the Guadalupe property package in Sonora, Mexico, which is contiguous to Corex Gold Corp. (TSX VENTURE:CGE) Santana Property where consistently good exploration results have been demonstrated.

The gold/silver/copper bearing Bailey zone has now had a total of 40 samples recently collected and assayed. Three of these samples were taken directly from a small ore dump at the entrance to an adit with the balance, 37 samples, taken over 55.5 metres along the rock wall face on either side of this adit. The sampled rock face has been exposed to the elements for some 20 years. This sampling was done to further build the data base on this high potential target in preparation for future drilling. All samples reported herein are compliant and the rock face samples were taken every 1.5 metres.

Samples Highlights

--  sample #479120 returned 13.75 g/t gold, 262 g/t silver, .25% copper
--  sample #479119 returned 7.69 g/t gold, 110 g/t silver, .16% copper
--  sample #479158 returned 2.84 g/t gold, 2700 g/t silver, .29% copper
--  sample #479134 returned 3.88 g/t gold, 425 g/t silver, 2.54% copper

Table of Key Sample Results

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                SAMPLE      AU      AG      CU      BI      SB      PB
ZONE            NUMBER    (G/T)   (G/T)     (%)    PPM     PPM     PPM
----------------------------------------------------------------------
BAILEY                                                                
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ORE DUMP        479157    2.74     166     .25    3610    1770        
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                479158    2.84    2700     .29     358    4750        
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                479159    0.07     8.8    3.78       9      38        
----------------------------------------------------------------------
ROCK FACE                                                             
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                479109   0.115     7.5     .17       5     216     513
----------------------------------------------------------------------
                479110   0.148     7.7     .29       5     581     342
----------------------------------------------------------------------
                479111   0.438     6.5     .17      29     792     584
----------------------------------------------------------------------
                479112                     .10                     270
----------------------------------------------------------------------
                479113                     .30                     340
----------------------------------------------------------------------
                479114                     .62                     258
----------------------------------------------------------------------
                479115                     .69                     276
----------------------------------------------------------------------
                479118    0.57    22.3     .96      19     579     304
----------------------------------------------------------------------
                479119    7.69     110     .16     352    2080     767
----------------------------------------------------------------------
                479120   13.75     262     .25    1715    4250    8110
----------------------------------------------------------------------
                479121    2.07    60.1     .11     246    2550     504
----------------------------------------------------------------------
                479122   0.198    14.1     .06      14     313     308
----------------------------------------------------------------------
                479123   0.238    10.4     .11      54     238     672
----------------------------------------------------------------------
                479124   0.097     9.2     .08      17     128     846
----------------------------------------------------------------------
                479128   0.134    18.6               7     252     425
----------------------------------------------------------------------
                479129     3.2      99             333    2880    3650
----------------------------------------------------------------------
                479130    2.51    50.6             129    2430    1725
----------------------------------------------------------------------
                479131   1.085    22.4              78    1335     845
----------------------------------------------------------------------
                479133    2.15    34.5             702    5750   18200
----------------------------------------------------------------------
                479134    3.88     425    2.54     916 greater   23100
                                                          than        
                                                         10000   
----------------------------------------------------------------------
                479138   0.105     2.7    .015       3      28    1785
----------------------------------------------------------------------
                479139   0.447    11.1     .12      63     218    1450
----------------------------------------------------------------------
                479140   0.477     4.5    .097      31     219    1135
----------------------------------------------------------------------

"It's unfortunate that the Bailey zone was not drilled as was planned in the just completed drill program but the additional sampling completed confirms the Companies view that this is a high priority drilling prospect," said Jim Voisin, President and Chief Executive Officer of First Mexican.

SJ Geophysics Ltd. of Delta, B.C., is currently on-site continuing with the extensive 3D IP survey totaling 45 kilometres of lines which includes the survey being extended towards the Bailey zone. This 3D IP program is designed to enhance the drill targeting over multiple identified target rich areas and provide follow-up data to assist in the next phase of drilling within our continually expanding property package.

John Archibald, PGeo, of Billiken Management Services Inc., a qualified person pursuant to NI 43-101, has reviewed and approved the technical information in this press release on behalf of the company. Samples were prepared and assayed by an accredited lab, ALS Chemex, Vancouver, BC. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy.

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 11,506 hectares in this high potential precious metals exploration area.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

First Mexican Gold Corp.

We seek safe harbour.