F12) is pleased to cordially invite you to its annual general and special meeting of shareholders. The meeting

PRESS RELEASE

ANNUAL MEETING

JANUARY 17, 2011 – LAVAL, QUEBEC – First Gold Exploration Inc. (TSX.V: EFG) (US OTCQX: FGEXF) (FSE: F12) is pleased to cordially invite you to its annual general and special meeting of shareholders. The meeting will be held February 8, 2011 at 4:30 p.m. at the Saint-James Club, 1145 Union Avenue, Montreal, Quebec, for the following purposes:

• To submit to the shareholders the Company’s financial statements for the fiscal year ended August 31, 2010, as well as the related auditor’s report;
• To elect the directors of the Company;
• To appoint the Company’s auditors and authorize the board of directors to fix their remuneration;
• To approve an amendment to the articles of incorporation to change the Company’s name to “Critical Elements Corporation” (and its French version, “Corporation Éléments Critiques”); and
• To consider any other matter that might properly come before the meeting.

The Company also invites you to meet us at the following trade shows, in which it will be participating in the coming weeks:

3RD LITHIUM SUPPLY & MARKETS CONFERENCE

January 19, 2011 255 Front St. West Toronto, Ontario

CRITICAL METALS INVESTMENT SYMPOSIUM

January 21 and 22, 2011 Hôtel Pan Pacific 999 Canada Place Vancouver, British Columbia

VANCOUVER RESOURCE INVESTMENT CONFERENCE

January 23 and 24, 2011 Vancouver Convention Centre West 1055 Canada Place Vancouver, British Columbia

For more information, contact:

Jean-Sébastien Lavallée, P.Geo.

Interim President and Chief Executive Officer 819-354-5146 [email protected] www.firstgoldexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.