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: Update on Major Shareholders

As I said earlier. I did a bit more digging into SEDI and BCSC data and have an updated major shareholder list:

Jim - 1,758,000

Greg - 1,737,124

Mich. Roy - 80,000

Nicole Wood - 110,000

Ernesto Echavarria 1,500,000

Me - 800,000 plus

International Millenium Mining - 5,350,000

In addition to this list, I have provided some details on the purchasers from all the private placements that FMG has ever done (below). All the shares in bold I have highlighted I believe to be tightly held. If you sum everything (making sure not to double count Ernesto's shares which are listed above and included below) you have a grand total of 19,314,513 shares or about 42% of total issued that are not moving anytime soon. Those listed below have very likely accumulated in the public market and there are likely other unknown large shareholders out there. I am pretty confident that well over 50% of the shares of FMG are tightly held. This is likely a reason why another company isnt trying to scoop us for nothing Jim has completed the pps with very few and only those he trusts that dont want to see the company given away but they also dont want to see it run into the ground.

Private Placement Total Purchasers Jurisdiction where purchasers reside Number of purchasers from each jurisdiction price per share (Canadian $) Total dollar value raised from perchasers in the jurisdiction (Canadian $) number of shares
March, 2011 (A) 4 B.C 2 0.45 $80,000 177,778
Ont. 1 0.45 $100,000 222,222
Offshore 1 0.45 $129,600 288,000
March, 2011 (B) 1 B.C. 1 0.51 $127,500 250,000
May, 2011 1 B.C. 1 0.35 $105,000 300,000
July, 2011 12 Alberta 4 0.24 $192,000 800,000
Ontario 2 0.24 $69,480 289,500
Other 6 0.24 $446,520 1,860,500
Sept, 2011 10 Alberta 1 0.24 $36,000 150,000
Ontario 7 0.24 $143,640 598,500
Other 2 0.24 $130,080 542,000
Jan., 2012 8 Alberta 2 0.12 $50,000 416,667
Manitoba 1 0.12 $50,000 416,667
Ontario 2 0.12 $19,000 158,333
Other 3 0.12 $225,000 1,875,000
June, 2012 4 Manitoba 1 0.1 $150,000 1,500,000
Ontario 1 0.1 $25,000 250,000
Other 2 0.1 $40,000 400,000
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