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First Mining Named to 2026 OTCQX Best 50

Marketing Announcement

TSX: FF

OTCQX: FFMGF

FRANKFURT: FMG

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NEWS RELEASE

First Mining Named to 2026 OTCQX Best 50

January 15, 2026 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX:

FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce it has been named to the 2026 OTCQX®

Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX

market. The ranking is calculated based on an equal weighting of one -year total return and average daily

dollar volume growth in the previous calenda r year. Companies in the 2026 OTCQX Best 50 were ranked

based on their performance in 2025.

For the complete 2026 OTCQX Best 50 ranking, visit https://www.otcmarkets.com/corporate-services/otcqx-

best-50.

The OTCQX Best Market offers transparent and efficient trading of established, investor -focused U.S. and

global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow

best practice corporate governance, and demonstrate compliance with applicable securities laws.

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 30% project interest in the Pickle Crow Gold Project.

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

TSX: FF

OTCQX: FFMGF

FRANKFURT: FMG

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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, 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 various 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 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 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 safety 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

inputs 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 regulat ory 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.