#Canada #Vancouver #First Mining Gold #Springpole Project #Duparquet Project

First Mining Gold Corp. Reports Strong Q2 2025 Earnings

Vancouver, BC – August 12, 2025 – First Mining Gold Corp. (First Mining) unveiled its second quarter financial report for 2025, highlighting remarkable advancements in exploration and financial success. As a burgeoning name in the mining sector, First Mining continues to solidify its position in the gold industry with substantial projects in Canada.

CEO Dan Wilton expressed enthusiasm about the company’s journey, stating, "We are pleased to announce a successful second quarter with very positive exploration results at our Duparquet Gold Project in Quebec.” This quarter marked a significant leap as the company entered into a pivotal long-term relationship agreement with the Mishkeegogamang First Nation, emphasizing a mutual commitment to sustainable development and environmental stewardship.

Key Financial and Operational Highlights

During the second quarter ended June 30, 2025, First Mining achieved several milestones that underscore its growth trajectory and commitment to stakeholder engagement:

• - Financial Performance: The company successfully raised over $36 million through a prospectus offering and private placement, reflecting overwhelming support from both new and existing shareholders. This funding is earmarked for further exploration and development of their flagship projects, Springpole and Duparquet.

• - Exploration Advancements: April saw the introduction of a second drill rig at the Duparquet Project aimed at accelerating the company’s extensive 18,000m drilling program. The drill results from May confirmed the extension of mineralization at both the Miroir and Valentre targets, generating significant interest with highlights such as drill hole DUP25-052, which returned 2.77 g/t Au over 11.1m.

• - Collaboration with Indigenous Communities: The agreement with the Mishkeegogamang First Nation speaks volumes about the project's commitment to ensuring that development reflects the values and needs of local communities.

• - New Discoveries: The announcement of the Minuit zone discovery, near the historical Donchester Mine, marks another exciting chapter for the Duparquet Project, with notable intercepts like 2.25 g/t Au over 12.8m further validating the resource area’s potential.

• - Public Offerings: Several marketed public offerings were completed successfully, including an upsized offering yielding $12 million, further strengthening the company's financial positioning.

• - Successful Divestment: First Mining also sold its remaining 20% interest in the Hope Brook Gold Project, securing $3 million in cash and 7 million shares, allowing for reinvestment into projects that align more closely with its strategic goals.

As of June 30, 2025, First Mining’s cash balance and marketable securities stood at $5.8 million, coupled with a significant equity interest in the Pickle Crow Project valued at $21.5 million.

Future Outlook

Looking ahead, First Mining is focused on advancing its projects through rigorous exploration while strengthening its partnerships with local communities. With a robust financial foundation and a suite of promising gold projects including the Springpole Gold Project, situated in northwestern Ontario, the company is leveraging this momentum to enhance value and sustain growth in a competitive marketplace.

Wilton concluded by reiterating the company's commitment: “We are always looking for ways to better serve our stakeholders while advancing our projects in a responsible and sustainable manner.” As First Mining continues to evolve, it stands as a notable player in the gold mining sector, with promising prospects on the horizon.

In summary, with its operational highlights and financial achievements, First Mining Gold Corp. is well-positioned to make significant contributions to the mining industry while advocating for sustainable practices and strong community relations.

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About First Mining Gold Corp.

Established in 2015, First Mining Gold Corp. is committed to developing two of Canada’s largest gold projects, the Springpole Gold Project and Duparquet Gold Project, while also owning the Cameron Gold Project and a stake in the Pickle Crow Project. The company's ongoing efforts bolster its reputation as a responsible leader in the gold mining industry.