First Pursuit Closes $675,000 Private Placement

FIRST PURSUIT VENTURES LTD.

TSX-V: FPV

Vancouver, B.C., Canada March 4, 2010 NEWS RELEASE

FIRST PURSUIT CLOSES $675,000 PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia – First Pursuit Ventures Ltd. (TSX-V: FPV) (the “Company”) is pleased to announce that it has closed its non-brokered private placement of 4,500,000 units (the “Unit”) at a price of $0.15 per Unit (collectively the “Financing”). An aggregate of 4,500,000 common shares and 4,500,000 common share purchase warrants ("Warrants") were issued in connection with the Private Placement, with each Warrant entitling the holder to acquire one (1) common share at a price of $0.20 for a period of two years from the date of issue. The 4,500,000 common shares and all warrant shares issued are subject to a four-month hold period expiring July 2, 2010.

Finders fees paid include: an aggregate of $54,000 in cash and 346,500 in finders’ warrants payable to a registered dealer, where each finders’ warrant will entitle its holder to subscribe for one common share at $0.20 per Share for a period of 24 months from completion of the Financing.

Proceeds from the Financing will be used to fund the Company’s La Tuna property in Sonora, Mexico, working capital and for its general expenses.

ON BEHALF OF FIRST PURSUIT VENTURES LTD.

"Terry Fields"

Terry Fields President and Director

FOR MORE INFORMATION PLEASE CONTACT:

Investor Relations Telephone: 604-682-2928

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Suite 804 – 750 West Pender Street • Vancouver, B.C. • V6C 2T8 TEL (604) 682-2928 • FAX (604) 685-6905