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

FirstGrowth Exploration & Development Services Corp.

October 04, 2007 08:00 ET

FirstGrowth Announces New International Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - FirstGrowth Exploration & Development Services Corp. (TSX VENTURE:FGC)(FRANKFURT:G8Q)(OTCBB:FGCDF) (the "Company") is pleased to announce that its subsidiary, Kinetex Inc. continues to increase the backlog for its services in Colombia. Kinetex has been engaged to commence a contract for Carbones Del Caribe S.A. Kinetex is providing seismic imaging services to assist in the exploration and development of the El Hatillo Coal Project, in Del Cesar Province of Colombia. El Hatillo contains a probable 57 million metric tons of coal in an area of 10,000 hectares with a projected initial production capacity of 800,000 tons per year.

This new international contract continues Kinetex's development of a strong market base in South America. It encompasses a series of services and a provision to extend the agreement as further analysis, exploration, and development opportunities arise.

"This second international contract confirms our commitment to the global market," said Gil Schneider, President and CEO of FirstGrowth. "The acceptance of our services worldwide speaks to their quality and accuracy. High Resolution Multi-component Seismic Reflection continues to prove itself a valuable geophysical tool for accurate and cost-effective imaging of coal seams. "

Kinetex Inc. is utilizing its 3C (3 Component) VectorSeis(c) digital crew to assist Carbones Del Caribe S.A. in the optimization of the exploration and development of the El Hatillo Coal Project,. The exploration program is targeted to delineate the sub-surface geological structure of their existing mine site, as well as the surrounding regions associated with the ongoing mining operation. Upon completion of the initial field operations, Kinetex will assist in the analysis of the survey results and the development of further exploration and exploitation plans.

About Carbones del Caribe S.A.

Carbones del Caribe S.A. was originally founded to mine and supply coal to its parent company, Compania de Cemento Agros S.A., a cement producer. However, it has long outgrown this original purpose and now exports more than 80% of its approximately 2.5 million tonnes of annual coal production to Europe and the United States.

About Compania de Cemento Argos S.A.

Compania de Cemento Argos S.A. is the largest cement producer in Colombia with a 51% market share and is the fifth largest producer of cement in Latin America. Argos exports approximately three million tons of cement annually, 80% to the United States. Argos is a member of Grupo Empresarial Antioqueno (Antioquian Enterprises Group), Colombia's largest and most diversified industrial conglomerate, which has an aggregate market capitalization of approximately US 17 billion dollars and employs more than 80,000 Colombians.

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

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