First Mining receives $6.41M from warrant exercise

Mr. Daniel Wilton reports FIRST MINING ANNOUNCES RECEIPT OF $6 MILLION IN PROCEEDS FROM WARRANTS EXERCISE First Mining Gold Corp. has received total proceeds of $6,410,045 from the exercise by First Majestic Silver Corp. of 32,050,228 common share purchase warrants of the company at a price of 20 cents per warrant. The warrants were issued in relation to amending the terms of a silver purchase agreement among First Majestic, First Mining and Gold Canyon Resources Inc., a wholly owned subsidiary of First Mining. The company intends to use the proceeds from the exercise of these warrants to advance First Mining's Springpole and Duparquet gold projects, as well as for general working capital and corporate purposes. Following the exercise of the warrants, First Majestic's ownership in First Mining increases to 47,379,944 common shares representing 3.5 per cent of the total common shares of the company outstanding. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole gold project in Northwestern Ontario, where the company has commenced a feasibility study and permitting activities are continuing with a final environmental impact statement/environmental assessment for the project submitted in November, 2024, and the Duparquet gold project in Quebec, a preliminary-economic-assessment-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-per-cent project interest in the Pickle Crow gold project. We seek Safe Harbor.