First Mining Receives Final US$5 Million Payment from First Majestic in Connection with Springpole Gold Project Silver Stream

VANCOUVER, BC, March 28, 2025 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF.TO) (OTCQX:FFMGF) (FRANKFURT:FMG) announces that it has received the final payment of US$5 million from First Majestic Silver Corp. ("First Majestic") in connection with the silver stream that First Majestic has over First Mining's Springpole Gold Project ("Springpole Project") located in northwestern Ontario.  On June 10, 2020, First Mining, Gold Canyon Resources Inc. (First Mining's wholly-owned subsidiary that owns the Springpole Project) and First Majestic entered into a silver purchase agreement (the "Silver Purchase Agreement") pursuant to which First Majestic was granted a stream over silver produced from the Springpole Project in exchange for certain cash and share payments.  The parties recently entered into an amending agreement to the Silver Purchase Agreement on March 13, 2025 (the "Amending Agreement") to amend the terms of the final payment due from First Majestic under the Silver Purchase Agreement (the "Tranche 3 Payment"), such that the Tranche 3 Payment would be for US$5 million in cash, and payable on or before March 31, 2025.