First Mexican Gold Corp.: Change of Year End and Consequent Filing of Financial Statements

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/12 -- First Mexican Gold Corp. (TSX VENTURE: FMG)(FRANKFURT: 21M) (the 'Company' or 'FMG') announces that it has changed its financial year-end to December 31. The change in year-end stems from the Company's acquisition (the 'Acquisition') of First Mexican Resources Inc. by way of reverse take-over, which closed on December 29, 2010. The Company's previous financial year-end was October 31.

As a result of the change in year-end, the Company has filed the following documents:

1.  interim financial statements for the period ended September 30, 2010;
2.  consolidated audited annual financial statements, MD&A and CEO and CFO
    certificates for the year ended December 31, 2010; and
3.  consolidated interim financial statements, MD&A and CEO and CFO
    certificates for the periods ended March 31, June 30 and September 30,
    2011.

On January 19, 2012, the Company filed an amended Notice of Change in Corporate Structure in respect of the Acquisition, which disclosed the current financial year-end of the Company.

All filed documents are available on the Company's SEDAR page, at www.sedar.com.

First Mexican Gold Corp. is an active explorer for precious metals in Mexico and has now completed the acquisition of 100% interest in the Guadalupe property package. The Company now controls a total of 15,112 hectares in this high potential exploration area.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

First Mexican Gold Corp.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:

First Mexican Gold Corp.

Jim Voisin

President & CEO

519-699-5352
www.fmgoldcorp.com