SOURCE: Firstgold, Inc.

May 31, 2007 12:11 ET

Firstgold Corp. Completes Phase One Drilling, Awaiting Results

CAMERON PARK, CA--(Marketwire - May 31, 2007) - Firstgold Corp. (OTCBB: FGOC) announced today that it has completed its current round of drilling at the Relief Canyon Mine. Consisting of over 58 drill holes, and using sonic drilling, Firstgold Corp. has sought to improve its understanding of the gold content in the existing heap leach pads.

Sonic drilling provides highly representative continuous core samples and is ideal for dealing with various types of rock, especially in the fine and sandy zones anticipated on existing heaps. The patented sonic drill head works by sending high frequency resonant vibrations down the drill string to the drill bit, while the operator controls these frequencies to suit the specific conditions of the soil/rock geology. Using a clear tube, this drill method preserves the fines in "sausage type links."

When asked why this was necessary, Pres/CEO Scott Dockter explained, "We had prior samples and historic data indicating that a notable quantity of gold bearing material existed on these pads. This round of drilling enables us to model and plan the economics of extracting this material." Mr. Dockter added, "Our lab is literally working 24 hours a day to analyze and process the samples taken from the heaps. This is a necessary step in targeting zones as we move toward our ultimate goal of production."

Additionally, Firstgold Corp. has recently added several members to its mining team at Relief Canyon. These include Senior Geologist Mark Nyman, Lead Driller Steve Loughry, and Plant Metallurgist Paul Donahue.

Mr. Nyman has an extensive geology background including 27 years of experience throughout North America, Africa, and Europe. As Senior Geologist for the company, he will play a primary role in planning drill programs, dealing with government agencies, and tracking exploration progress in all of Firstgold Corp.'s projects.

Lead driller Stephen Loughry has 27 years of drilling experience, and is a certified MSHA drilling instructor. His range of experience is incredibly varied, and includes certifications as an MSHA drill instructor, hazardous material drilling, and offshore drilling and sub-sea blowout preventers. In addition, he is trained in CPR and first aid, making a very proficient, talented, and valuable addition to the Firstgold Corp. team.

Paul Donahue, the new Plant Metallurgist, has 8 years' industry experience, including his work with Barrick-Goldstrike where he held engineering and supervisory positions in the mill, autoclave and the metallurgical lab. He has a B.S. in Metallurgy from the Mackay School of Mines, and will serve as the head of Firstgold Corp.'s in-house metallurgical and assay laboratory.

Scott Dockter stated, "These men are a substantial boost to Firstgold Corp.'s ability to discover and define ore with our projects. We believe that their talent and abilities will enhance the overall value of the company."

With 40,000 acres in Nevada, Firstgold has promising exploration and near term production targets in Antelope Peak - Wells, and in Relief Canyon. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Firstgold Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Firstgold Corp. cautions investors that any forward-looking statements made by Firstgold Corp. are not guarantees of future performance and those actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Firstgold Corp.'s mining properties, the unproven nature of and potential changes to Firstgold Corp.'s business model, the risk that the capital and other resources that Firstgold Corp. will need to exploit its business model will not be available, and the risks discussed in Firstgold Corp.'s Form 10-KSB and in Firstgold Corp.'s 10-QSBs and in Firstgold Corp.'s other filings with the Securities and Exchange Commission.

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