SOURCE: Firstgold Corp.

December 16, 2008 09:30 ET

Firstgold Corp. Announces Production Begins at Relief Canyon

CAMERON PARK, CA--(Marketwire - December 16, 2008) - Firstgold Corp. (TSX: FGD) (OTCBB: FGOC) announced today that it has begun processing ore at the Relief Canyon Mine. Founder/COO Scott Dockter stated, "As of 6 AM this morning, Firstgold began stacking ore on the new heap leach pad, which officially begins the production phase. It's exciting to move out of the construction phase, and we are looking forward to this production phase."

Crushed ore will continue to be stacked for the next two to three weeks, at which time full cyanide solution will be applied. At that point, fluids will permeate through the stacked ore and be collected and processed at Firstgold's newly constructed process plant. Initial collection of gold values is anticipated in early January, although recovered gold values will not be maximized for several months.

Over the past year, Firstgold Corp. has amended its plan of operation and brought the Relief Canyon mine into production. The company has also designed and erected a new process plant, crushers, and heap leach pad.

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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