FirstGrowth Exploration & Development Services Corp.
OTC Bulletin Board : FGCDF

FirstGrowth Exploration & Development Services Corp.

October 30, 2007 08:00 ET

FirstGrowth Announces 100% Ownership of Kinetex Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - FirstGrowth Exploration & Development Services Corp. (TSX VENTURE:FGC)(OTCBB:FGCDF)(FRANKFURT:G8Q) ("FirstGrowth") announced today that its subsidiary, Kinetex Inc. ("Kinetex"), reports the repurchase of shares for cancellation representing the remaining 1.37% of its shares not currently owned by FirstGrowth. This transaction results in Kinetex becoming a wholly-owned subsidiary of FirstGrowth.

Mr. Gil Schneider, CEO of FirstGrowth, stated that, "We are pleased with the purchase of this minority interest and continue to pursue opportunities that are complementary to FirstGrowth's business plan."

Over the past months management has identified a number of potential acquisitions and is actively engaged in various stages of due diligence. The demand for premium geophysical services continues to grow and the Company looks forward to servicing this demand through further aggressive growth both organically and through further acquisition opportunities.

About FirstGrowth EDS

FirstGrowth EDS is an oil, gas and mineral exploration services company focused on the organic growth of its subsidiary, Kinetex Inc. In addition, FirstGrowth's goal is to make acquisitions in the resource services sector accretive to Kinetex's current seismic imaging services.

Kinetex has been a developer of advanced exploration techniques for over six years as a Calgary-based integrator of applied sciences to the resource industry, including oil & gas exploration and development, and precious and base mineral exploration and evaluation. One of Kinetex's primary services is targeted implementation and optimization of seismic imaging using the proprietary VectorSeis Recording System and Digital 3 Component Full Wave Imaging.

Kinetex continues to be focused on offering value added services which accelerate the advancement of both grass roots exploration and development.


Gil Schneider

The company seeks safe harbour.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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