SOURCE: Firstgold Corp.

November 14, 2008 09:00 ET

Firstgold Begins Crushing at Relief Canyon

CAMERON PARK, CA--(Marketwire - November 14, 2008) - Firstgold Corp. (TSX: FGD) (OTCBB: FGOC) announced today that it has begun crushing and laying overliner material at the Relief Canyon Mine. The overliner is a layer of crushed rock that covers the primary HDPE liner and perforated piping. It allows for fluid flow and is an essential part of the heap leach process.

Founder/COO Scott Dockter commented, "We anticipate that we will be crushing and stacking ore within the next ten days, we will then apply the fluids and would expect to begin processing the solution through our plant in December. This is a big transition for Firstgold Corp. We have good people who have worked very hard to make this happen and we are very excited to have these crushers up and running."

Over the past several years, Firstgold Corp. has taken Relief Canyon from care and maintenance through a complete overhaul including

--  obtaining all necessary government permits and approvals to process
    ore at Relief Canyon.
--  designing and erecting a new state of the art process plant, crushers,
    and heap leach pad.
    

"We have spent $25 million to build a facility capable of processing 20,000 tons of ore per day. Now we are about to cross the finish line... and given the world economic situation... it couldn't come soon enough," commented CEO Steve Akerfeldt.

Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Firstgold currently leases over 10,000 acres of prime exploration property in Nevada. 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 that 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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