First Mining Gold - Progressing Gold Projects While Optimizing Leverage for Coming Gold Upcycle

• First Mining Gold CEO Dan Wilton discusses progress at the company's Springpole and Duparquet gold projects
• Recently raised $10.8 million and have a $100 million base shelf prospectus for financing flexibility
• Recent Duparquet drilling shows resource growth potential between two deposits, possibly adding 2+ million ounces
• Projects benefit from location in stable, mining-friendly Abitibi region with infrastructure
• Wilton sees investors attracted by leverage to higher gold prices and undervaluation relative to gold producers

First Mining Gold Advancing Major Gold Projects While Seeking Strategic Partners

Canadian gold exploration and development company First Mining Gold is steadily advancing its key assets according to CEO Dan Wilton in a recent interview. The company holds two projects in stable, mining-friendly jurisdictions with access to robust infrastructure that each contain multi-million ounce gold resources.

Wilton highlighted that at the company's flagship Springpole gold project located in northwestern Ontario, "We have some very near-term catalysts there in terms of submitting our final environmental assessment this year." Successful permitting would derisk this asset containing one of the largest undeveloped gold deposits in Canada.

Interview with President & CEO, Dan Wilton

Regarding the company's Duparquet gold project located in Quebec, Wilton discussed recent exploration results, stating "What it demonstrates is some of that growth potential that we are going to see coming out of Duparquet." He added that following additional drilling to extend known mineralized zones, "We honestly think that some of that resource extension of known areas can be another 2 million ounces plus."

Wilton clearly framed the objectives behind releasing these positive Duparquet exploration results, saying

"You have to remember this gold deposit, which already is one of the 10 largest undeveloped gold deposits in Canada, is sitting in the middle of what is probably the most sought-after gold district. Every ounce that we show that gets this north of 5 or 6 million ounces, every ounce that we can demonstrate in growth, puts it in an even more rarified tier."

This outlines the strategy of enhancing the project's strategic value in order to attract a potential suitor.

The CEO also provided context around a recent capital raise and filing of a base shelf prospectus, which together provide financial flexibility moving forward. He stated this was about "good housekeeping" while firmly denying any plans to conduct an offering off the shelf prospectus in the near-term.

Wilton made clear First Mining's positive differentiation as an exploration and development company. He highlighted the benefits of having "massive, massive resources" combined with the projects' positioning "in tier one jurisdictions." He sees this as providing investors with "leverage on massive massive resources which translates into at a higher price the NPV of our projects going up very, very quickly."

In summary, First Mining Gold is focused on advancing permitting, exploration, and engineering at its Springpole and Duparquet gold assets. With multi-million ounce resources located in stable Canadian jurisdictions with robust infrastructure, the company offers exposure and leverage to potentially increasing gold prices. The company also aims to continue enhancing the strategic value of these deposits, with the goal of ultimately securing a strategic partner to help advance the projects through development and into production.

The Investment Thesis for First Mining

• Resource size at Springpole (over 5 million ounces) and Duparquet (over 3.5 million ounces) provides leverage to higher gold prices
• Projects located in mining-friendly Canadian jurisdictions, de-risking potential issues
• Recent capital raise and base shelf prospectus offer financial flexibility
• Advancing Springpole permitting derisks project
• Duparquet exploration demonstrates resource growth potential
• Current valuation disconnect means strong upside when sector appetites improve

First Mining offers investors excellent exposure and leverage to large-scale gold projects located in tier-one mining jurisdictions. Recent progress continues to advance and de-risk these assets even amidst challenging market conditions. The company is poised to benefit from a recovery in sector appetites.

First Mining Gold is positioned to create shareholder value by leveraging exploration upside and advanced permitting efforts on its Springpole and Duparquet projects. Located in mining-friendly Canadian jurisdictions, these multi-million ounce gold assets stand to increasingly attract strategic investor interest, especially amidst a supportive gold price environment. Despite sector headwinds, First Mining continues working to enhance the fundamental value of its portfolio.