First Mining Closes Sale of 20% Project Interest in Hope Brook Gold Project
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
- 1 -
NEWS RELEASE
First Mining Closes Sale of 20% Project Interest in Hope Brook Gold Project
July 31, 2025 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF)
(OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has closed its previously announced sale
of its 20% project interest in the Hope Brook Gold Project in Newfoundland (“Hope Brook”) with Big Ridge
Gold Corp. (TSX -V:BRAU) (“ Big Ridge ”) for total consideration comprised of C$3,0 00,000 in cash and
7,000,000 common shares of Big Ridge (the “Transaction”).
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest gold projects in Canada, th e Springpole Gold
Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are
on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted
in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on
the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project
in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in
partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big
Ridge Gold Corp.).
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic
Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Toll Free: 1 844 306 8827 | Email: [email protected]
Paul Morris | Director, Investor Relations | Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward -looking information” and “forward -looking statements” (collectively
“forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation
including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made
as of the date of this news release. Forward -looking statements are frequently, but not always, identified by words such
as “expects”, “anticipates”, “believes”, “plan s”, “projects”, “intends”, “estimates”, “envisages”, “potential”,
“possible”, “strategy”, “goals”, “opportunities”, “objectives”, or variations thereof or stating that certain actions, events
or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms
and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements
with respect to the closing of the Transaction, First Mining’s exposure to Hope Brook, and First Mining’s plans related to
its Springpole, Duparquet and other projects . All forward -looking statements are based on First Mining's or its
consultants' current beliefs as well as va rious assumptions made by them and information currently available to them.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
- 2 -
differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon a number of assumptions and estimates that, while
considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Such factors include, without limitation the Company’s ability to
close the Transaction, the Company’s business, operations and financial condition potentially being materially adversely
affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private
actors to such outbreaks; risks to employee health and s afety as a result of the outbreak of epidemics, pandemics or
other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's
mineral properties as well as its head office; fluctuations in the spot an d forward price of gold, silver, base metals or
certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar);
changes in national and local government, legislation, taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave -ins and
flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships
with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs
associated with mining inp uts and labour; the speculative nature of mineral exploration and development; title to
properties.; and the additional risks described in the Company’s Annual Information Form for the year ended December
31, 2024 filed with the Canadian securities regulatory authorities under the Company’s SEDAR+ profile at
www.sedarplus.ca, and in the Company’s Annual Report on Form 40 -F filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to First Mining, investors and others should carefully
consider the for egoing factors and other uncertainties and potential events. First Mining does not undertake to update
any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our
behalf, except as required by law.