SOURCE: Firstgold Corp.

April 18, 2008 14:36 ET

Firstgold Clarifies Financing Status

CAMERON PARK, CA--(Marketwire - April 18, 2008) - Firstgold Corp. (OTCBB: FGOC) "Firstgold wishes to clarify that we need to raise an additional $1.2 million either through this equity offering or thru warrant conversion. Some investors had read our release of this morning and thought it meant we required an additional $9 million for the TSX listing... this is not the case. As mentioned above, a further $1.2 million is required. We apologize for the confusion and remain positive that we can shortly announce this condition has been met," commented Steve Akerfeldt, Firstgold CEO.

Firstgold currently leases over 40,000 acres of prime exploration property in Nevada, however its principal project is Relief Canyon. The Relief Canyon mine recently had its Plan of Operation reinstated in the state of Nevada and the company is conducting extensive drilling and development analysis on the project. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Additional information about Firstgold Corp. can be found by visiting its web site at

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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