First Mining Announces 2026 First Quarter Financial Results and Operating Highlights
Press Release
May 13, 2026 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its first quarter financial results for the quarter ended March 31, 2026. The financial statements and management’s discussion and analysis (“MD&A”) are available on First Mining’s website at www.firstmininggold.com/investors/reports-filings/financials/ and have been posted under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Q1 2025 and Q2 QTD Highlights:
- On April 29, 2026, the Company announced that pursuant to the announcement on February 3, 2026, the Company’s new joint-venture partner at First Mining’s Pickle Crow Gold Project (“Pickle Crow”), Bellavista Resources Ltd (“Bellavista”), closed the acquisition of Firefly Metal Ltd’s interest in PC Gold Inc., the entity that holds Pickle Crow. Bellavista exercised its buy-down right at Pickle Crow and paid $3 million in cash to the Company to reduce the Company’s ownership in PC Gold from 30% to 20%. The Company’s interest in PC Gold Inc. is free carried to a decision to mine at Pickle Crow.
- On April 23, 2026, the Company announced that following discussions with the Impact Assessment Agency of Canada (“IAAC”), the Company has voluntarily agreed to a short extension to the Environmental Assessment (“EA”) decision date on the Springpole Gold Project (“Springpole Project”) until June 30, 2026. The Company also announced that Cat Lake and Lac Seul First Nations have completed their independent Anishinaabe Led Impact Assessment (“ALIA”) on the Springpole Project and are preparing to vote, based on the findings of the ALIA, on June 4, 2026.
- On March 10, 2026, the Company closed the sale of the Cameron Gold Project to Seva Mining and received $5 million in cash, 80 million common shares of Seva Mining and a future cash payment of at least $2 million.
- On March 9, 2026, the Company announced additional results from the 2025 Duparquet drilling program at the Miroir target including drill hole DUP25-081 returning 1.56 g/t Au over 33.15m, including 3.18 g/t Au over 7.60m. Drill hole DUP25-085 returned 3.74 g/t Au over 15.5m and 7.18 g/t Au over 8.0m, including 30.58 g/t Au over 1.65m. Drilling at the Miroir target has been building potential for a strong resource growth zone, and will remain a key focus of the 2026 drilling campaign.
- On February 24, 2026, the Company filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission.
- In Q1 2026, the Company is continuing to actively advance geotechnical, geochemical, and hydrogeological data collection around key proposed project infrastructure areas at the Springpole Project. These work programs are expected to continue through 2026, supporting ongoing technical studies and project derisking initiatives.
- As of March 31, 2026, the Company’s cash and marketable securities balance was $44.8 million, equity investment value of Seva Mining was $30 million(1) and the equity interest in PC Gold Inc. was $21.5 million.
(1) $30 million Seva Mining value based on 80 million shares multiplied by C$0.375 closing share price of Seva on March 31, 2026.
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns a 20% project interest in the Pickle Crow Gold Project and large equity interest in Seva Mining Corp.
First Mining was established in 2015 by Mr. Keith Neumeyer, founder and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Toll Free: 1 844 306 8827 | Email: info@firstmininggold.com
Paul Morris | Director, Investor Relations | Email: paul@firstmininggold.com
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