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: Good News is required, another new low..FMG-V (at $0.11): New 52-Week Low.

OK, news or no news... I was under the impression that this was to be the "feather in Jim's cap" project. IF this is the feather in his cap, that would mean that there is

SOMETHING IN THE GROUND.

OK, call me impatient, but, to tell investors that this is the feather and then watch the slow bleed from above 70 cents to 10 cents... Crappy markets or not, if there is something there, then we should not be at 10 cents. Perhaps there is not anything there, although the drilling from last year showed some exceptional grades and some pretty good lengths and trending ore bodies from other companies... so,

What's going on, people??? Either we have some ore in the ground or we don't. Sitting here with no news for months and months while our stock languishes... that is hard to do. We fill PP's no problem. First, the one I bought in at for 35 cents/share... no problem, provided that the goods are there...

OK, so the next PP gets filled at what, 20??? I honestly don't remember, but I do remember that the PP was over subscribed... Again, are the goods there? IF they are, then why are we languishing at 10 cents???

It makes me wonder about my first investment... and with 50 cent warrants. Hmmmm. I can't see those being filled if we are sitting at 10 cents. Hmmm

Ok, either the goods are there (and it sure looked like it with last year's drilling) or they aren't and we are going to be out some investment.

The only thing I don't like about all of this is... "NOT KNOWING ANYTHING"!~!~! Let's get some news flowing and see what's there already... If there is something there, then it doesn't really matter what the markets think, we will have the goods, period. If nobody wants to buy our company, then we can get a small mining outfit and get the ore out ourselves and make an even better return... We just wait an extra couple of years, but at least, WE WILL KNOW what is happening!~!~!

A very frustrated investor...

Herb :-(

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