First Energy Metals Ltd. announced that it has entered into a non-binding Letter of Intent ("LOI") with 1232963 BC LTD (the "1232963 BC") whereby the Company will have the option to acquire up to 75% of the Thunder Mountain gold-silver project located in Nye County, Nevada. Transaction details for the first year are cash payment of USD 20,000 within 15 days of CSE and any other regulatory approval necessary. Additional USD 30,000 prior to the one-year anniversary of the agreement. Share issuance of 4,000,000 shares within 15 days of CSE and any other regulatory approval necessary. Complete USD 150,000 in exploration expenditures. For the second year cash payment of USD 40,000 prior to the two-year anniversary of the agreement. Complete USD 600,0000 in exploration expenditures. For the third year cash payment of USD 60,000 prior to the third-year anniversary of the agreement. Complete USD 750,000 in exploration expenditures. The Property consists of 49 lode claims and host a series of high-grade epithermal quartz adularia- gold veins located within the southwestern Nevada's Walker Lane gold trend. Walker Lane trend is a well-known gold mining district in Nevada. The region is actively explored and has seen a number of gold discoveries in the past. In 2007 and 2008 the claims had some very limited reverse circulation ("RC") drilling by the then claim holder, Midway Gold Corporation ("Midway"). Results of the Thunder Mountain Property drilling, quoted below, were issued by Midway in news releases for public disclosure on October 18, 2007, May 1, 2008, and January 21, 2009. Investors are cautioned that a qualified person from First Energy has not carried out data verification on this information, and it should not be relied upon. Midways' first drill holes intersected several high-grade gold veins within broader mineralized sections. Highlights include; hole TM07-04 that returned 1.5m (5 ft) of 33.65 g/t gold within a 6.09m (20 feet) wide zone that returned 9.69 g/t gold; and TH-27 which encountered 3.05m (10 ft) of 54.7 g/t gold within 9.1m (30 ft) of 20 g/t gold. The samples for this drilling were analysed at ALS Chemex labs in Sparks, Nevada using method 30g fire assays. Reverse circulation drilling was conducted by Layne Christensen of Chandler, Arizona. True widths were not determined. In 2008, Midway focused their drilling 15 to 30m (50 to 100ft) northwest of the 2007 effort and drilling intercepted similar shallow gold bearing zones with higher grade veins. Drill hole TM08-10, returned some high-grade silver with 1.52m (5 ft) of 231 g/t silver at the top of a 4.57m (15 foot) section that also returned 1.12 g/t gold. Other results from 2008 include; 3.05m (10ft) of 11 g/t gold within 12m (40 feet) of 3.82 g/t gold (the true thicknesses of these intercepts were estimated to be 5.5 and 17.5 feet, respectively) at only 21m (70 ft) depth; as well as silicified breccias hosted by rhyolite tuff containing 21m (70 feet) of 2.97 g/t gold beginning at a 16.7m (55 foot) depth. Gold and silver assays were conducted by 30g fire assays at SGS labs in Ontario, Canada. Reverse circulation drilling was conducted by Eklund Drilling of Elko, Nevada. Technical data pertaining to this new release was reviewed and approved by Craig Alford, MSc., P.Geo., acting as First Energy's qualified person under National Instrument 43-101. This above noted LOI is with a non-related party and there are no directors, officers or senior management in common. In addition, First Energy shall, concurrent with the closing of the transaction, complete a non-brokered private placement for up to USD 600,000 at a price of 0.06 cents per share by way of an issuance of 10,000,000 units.