First Mexican and Buenaventura Agree to Extension on Agreement for Guadalupe Property in Mexico

TSX-V Trading Symbol: FMG

VANCOUVER, March 26, 2013 /CNW/ - First Mexican Gold Corp. (the `Company` or `FMG`) (TSX-V: FMG, Frankfurt: 21M) wishes to announce that the agreement announced January 21, 2013, with Compañía de Minas Buenaventura S.A.A. ("BVN") (NYSE: BVN, BVL: BVN), has been extended by 10 days to effect the orderly transfer of land rights with the Bureau of Mines, Mexico.

This extension initiated and granted by FMG should facilitate the timely signing of the definitive Agreement with BVN in early April 2013.

The Company is an active explorer for precious metals in Mexico and holds a 100-per-cent interest in the Guadalupe property package. The company holds extensive exploration rights in this high-potential exploration area that is attracting attention from major mining companies.

On behalf of the Board of Directors,

Jim Voisin
President & CEO
First Mexican Gold Corp.
519 699 5352

We seek safe harbour.

This news release includes certain forward-looking statements or information.  All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Guadalupe property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

SOURCE: First Mexican Gold Corp.

Vancouver Head Office
#1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada
Phone:  [phone]
Website: www.fmgoldcorp.com