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: Operational Update ???

Hello Fantomas

Yes we do need a little bit of carrot dangling from a stick but I did post a note from Jim back on May 7th.

I am thinking all is quiet till the P.P. is filled @.10 for some more very needed cash to continue with work on the Karen & Diana Zones.

Jim meantioned last week when I send an email to him that he was on his way to Mexico.

With all the troubles in Europe and the middle east the markets are reacting to this right now and everything is in terrible shape not just FMG.

The only thing that is up right now is the US Dollar that really should not be anywhere near what is now; only the bad euro is helping the US $ now so it is what it is till Europe gets it self together.

Yes our share price has murdered my portfolio with its' .075-.08 but when the P.P. closes it will rise above .10 again. There is very little stopping our share price from rising quickly to the mid .20's and up with a good N.R. if our old institutional investors don't sell it down like last time it open with news @.24.

it will not take much buying to move us again!!

We do own a Great Resource of Gold, Silver, copper and moly and probably other minerals too!

Cheers

W.C. Guy

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