Positive Preliminary Economic Assessment For The Duparquet Gold Project

VANCOUVER - First Mining Gold Corp. has filed a Preliminary Economic Assessment (PEA) technical report for its Duparquet Gold Project located in the Abitibi region of Quebec, Canada. The PEA results support a 15,000 tonnes per day open pit and underground mining operation over an 11-year mine life. The Duparquet Gold Project, located in the Abitibi region of Quebec, Canada, is one of the largest undeveloped gold projects in North America. The Project is located immediately north of the town of Duparquet which is approximately 50 kilometres northwest of Rouyn-Noranda, Quebec, a major mining service centre and home to the only remaining copper smelter in Canada. Duparquet currently hosts 3.4 million ounces of gold in the Indicated Mineral Resource category and 2.6 million ounces of gold in the Inferred Mineral Resource category.

The PEA evaluates recovery of gold from a 15,000 tonne-per-day (tpd) open pit and underground mining operation, with a process plant that includes crushing, grinding, and flotation, producing a concentrate for sale.  The PEA only considers the Duparquet gold deposit located on the Beattie, Donchester, Central Duparquet and Dumico claim blocks and does not include the Pitt Gold and Duquesne deposits.