SOURCE: 1st Global Financial Corporation

February 18, 2011 10:39 ET

1st Global Enters Into an Agreement With Conspectus to Acquire 10 Units in the Vila Sol Vilamoura Complex, Which Is Located in Vilamoura, Portugal, Valued at About $8,000,000 Worth of Real Estate

LAS VEGAS, NV--(Marketwire - February 18, 2011) -  1st Global Financial Corporation (PINKSHEETS: FGBF) announced today that it has an agreement with Conspectus Consultancy Corporation for 10 Units in the Vila Sol Vilamoura complex, which is located in Vilamoura, Portugal The Vila Sol Property is valued around $8,000,000 US. Information and photographs about the property can be viewed on the Corporation's website latter today at, (www.1stglobalfinancialcorp.com).

John Bannister, President of 1st Global, stated, "Our goal is to acquire the rights to over a dozen properties before the end of the year and this is a good example of the quality and situation of the leisure developments the Corporation has identified for acquisition. Vila Sol Vilamoura is an outstanding development which will prove to be both popular and successful."

About 1st Global Financial Corporation

1st Global Financial Corporation business plan is to finance substantial property portfolios in Europe and the USA in partnership with established property developers and institutional investors. The Corporation will be announcing in the near future further details of the acquisitions under contract.

For more information please visit www.fgbf-corp.com.

Safe Harbour Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as FGBF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

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