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: More Warrants exercised

How many warrants are out is a mystery because three of the participants were the dubai guys for more than $100,000. I exercised 1.1 million plus and jim 1.2 plus and I know for sure atleast another person exercised a significant number. If dubai actually participated there could be a lot outstanding if not I suspect there are still several million. I still have more than 300,000 warrants that dont need to be exercised until september.

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