First Mining announces 2025 financial results and operational highlights in the first quarter

Vancouver, BCPresent May 14, 2025 / Prnewswire/ – First mining Gold Corp. (“First mining” or “company”) (TSX: FF) (OTCQX: FFMGF) (Frankfurt: FMG) reports the financial results for the first quarter for the end of the quarter in the first quarter March 31, 2025. The discussion and analysis of the annual financial statements and management (“MD & A”) can be found on the first mining website at www.firstmininggold.com/investors/reports-filings/financials/ and were published at Sedar+ at www.sedarplus.ca and Edgar at www.gov.

“We are pleased to announce a successful start to the financial year in which we were able to present A 5 million US dollars Payment by the continued confirmation of the first majestic silver, “said Dan WiltonCEO from first mining. “We continue Duparquet With the recently announced exploration program. In view of the higher gold prices, we are of the opinion that our most important projects and our asset sports folio are well positioned in order to offer a strong gold price environment maximum lever. “

Q1 2025 Highlights:

• To January 20, 2025The company announced new drilling results from the 2024 Phase 3 Diamond Bore Program at the Gold Project. The company identified two new discovery gold zones during the expansion bores in the Valentre goal. Assay results for the newly discovered “Miroir zone” north of the Valentre goal were handed over 3.12 g/t 19.35 mincluding 5.47 g/t au over 9.6 m. A second discovery, the “Aiguille zone”, occurred south of the Valentre goal and turned 8.99 g/t au 3.1 m.
• To February 12, 2025The company announced drilling results of the 2024 EAST extension phase 1 Diamond drilling program in the Springpole Gold Project Phase 1 Diamond Bore Program. The East Extension Phase 1 Exploration Bore Program included 5 holes for total 2.293 m And was successful in order to regain significant widths of continuous mineralization in a lower research area of ​​the project within the current PFS Open Pit Development Footprint.
• To March 5, 2025The company announced the largest exploration drilling program that has been carried out at the Duparquet Gold project since the acquisition of complete property in 2022 18,000 m The exploration drilling this year, which focus on promoting the priority goals that are geared towards the growth potential of the resources and a regional gold foundation that supports future development option.
• To March 28, 2025The company announced that it received the final payment of 5 million US dollars From first Majestic Silver Corp. in connection with the sales contract of silver flows that First Majestic has with the company's jumping pole. The parties have concluded a change in the change in the silver stream purchase contract March 13, 2025 Changes to the conditions of the final payment from the first majestic in the context of the silver purchase contract, so that the payment for the payment of 5 million US dollars in cash.
• Away March 31, 2025The company had cash and marketable securities from 11.7 million US dollars And the interest in equity on PC Gold Inc. (Pickle Crow project) was 21.5 million US dollars.

About the first mining Gold Corp.

The first mining is a gold developer who is able to two of the largest gold projects CanadaThe jumping pole gold project in the northwest Ontariowhere we have initiated a feasibility study and the activities permitted with a final environmental impact declaration / environmental assessment for the project submitted into operation November 2024and the Duparquet Gold Project in QuebecA pea development project in the Desor Porcupin fault zone in the productive Abitibi region. The first mining also has the Cameron Gold project in Ontario and a portfolio of gold project interests, including the Pickle Crow Gold project (in collaboration with Firefly Metals Ltd.) and the Hope Brook Gold project (in collaboration with Big Ridge Gold Corp.) and the Hope Brook Gold project).

The first mining was founded in 2015 by Mr. Keith NummeyerFounding President and CEO of First Majestic Silver Corp.

In the name of the first mining Dolk Corp.

Daniel W. Wilton
Chief Executive Officer and Director

Precautionary declaration on forward -looking statements

This press release contains certain “future -oriented information” and “future -oriented statements” (collective “future -oriented statements”) in the sense of applicable Canadians and United States Securities laws including the US private securities litigation Reform Act from 1995. These future-oriented statements are submitted at the time of this press release. Future -oriented statements are frequently, but not always, through words like “expected”, “anticipated”, “believes”, “plans”, “projects”, “intends”, “estimates”, “considering”, “potentially”, “possible”, “strategy”, “goals”, “opportunities”, “goals”, “goals”, “variations”, or it, or ” were “,” in this way “. “is taken”, occur or reached or the negative of these terms and similar expressions.

The future -oriented statements in this press release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs in future events. All future -oriented statements are based on the current beliefs of the first mining or his consultant as well as various assumptions and information you have currently available. It cannot be guaranteed that such statements prove to be correct, and the actual results and future events can differ significantly from the statements expected in such statements. Future -oriented statements reflect the beliefs, opinions and projections to the date on which the statements are made, and are based on a number of assumptions and estimates that are considered appropriate by the respective parties, but are in nature, inherently business, economically, competitive, political and social uncertainties and contaminations. These factors include operating processes and financial diseases without restricting the business of the company, which may be significantly impaired by the outbreak of epidemics, pandemics or other health crises and through the government and private actors' reactions. Risks to the health and safety of employees as a result of the outbreak of epidemics, pandemics or other health crises, which can lead to a slowdown or temporary suspension of operations in some or all mineral objects of the company and its headquarters. Fluctuations on site and forward price of gold, silver, basic metals or certain other goods; Fluctuations on the currency markets (such as the Canadian dollar compared to the US dollar); Changes to the national and local government, legislation, taxation, controls, regulations and political or economic developments; Risks and dangers in connection with the business with mineral research, development and mining (including environmental dangers, industrial accidents, unusual or unexpected formations, pressure, cave and floods); the presence of laws and regulations that can impose mining restrictions on; Employee relationships; Relationships to and claims from local communities, indigenous population groups and other stakeholders; Availability and increasing costs in connection with mining inputs and contractions; The speculative nature of mineral research and development; Title to Properties.; and the additional risks described in the annual information form of the company for the ended year December 31, 2024 Submitted to the Canadian securities regulators as part of the company's Sedar+ profile of the company at www.sedarplus.ca and in the company's annual report on form 40 -f at the Sec on Edgar.

The first mining warns that the above list of factors that can influence future results is not exhaustive. If you rely on our future -oriented statements to make decisions regarding the first mining, investors and others should carefully take into account the above factors and other uncertainties and potential events. The first mining does not undertake to update a future -oriented declaration, whether in writing or orally, which can be held from time to time by the company or in our name, unless this is required by law.

Precaution notes to the investors of the United States

The company is a “foreign private issuer”, as usually defined 3b-4 according to the US Securities Exchange Act from 1934 in the changed version and can be on the Canadian US US Canadathat differ from the requirements of the currently applicable securities laws The United States. Accordingly, information on mineral deposits that are specified here may not be compared with information that is published by companies that report in accordance with the US standards.

The technical disclosure contained in this press release was not created in accordance with the requirements of United States Securities laws and uses terms that correspond to the report standards in Canada With certain estimates according to NI 43-101.

Ni 43-101 is a rule developed by the Canadian securities administrators, which determines the standards for the entire public disclosure that creates an issuer from scientific and technical information about the material of the issuer

Source First Mining Gold Corp.