cnw






TSX-V Trading Symbol: FMG


VANCOUVER, Jan. 29, 2013 /CNW/ - First Mexican Gold Corp. (the 'Company'
or 'FMG') (TSX-V: FMG, Frankfurt: 21M) amends the amount to be settled
previously announced on December 17, 2012 and now has agreed, subject
to TSX Venture Exchange approval, to convert $50,000 of debt for
714,286 shares, at $0.07 per share.




First Mexican Gold Corp is an active explorer for precious metals in
Mexico.




On behalf of the Board of Directors,




Jim Voisin

President & CEO

First Mexican Gold Corp.

519 699 5352




We seek safe harbour.


This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release, including, without limitation, statements
relating to the potential mineralization and geological merits of the
Guadalupe property and other future plans, objectives or expectations
of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company's plans or expectations include
risks relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory
changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.



SOURCE: First Mexican Gold Corp.



For further information:

Vancouver Head Office #1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada Phone: 604 681 7265 Website: http://www.fmgoldcorp.com/">www.fmgoldcorp.com