Firstgold Corp.
OTC Bulletin Board : FGOC

Firstgold Corp.

December 23, 2008 13:11 ET

Firstgold Corp Clarifies 8-K Announcement

CAMERON PARK, CALIFORNIA--(Marketwire - Dec. 23, 2008) -

Firstgold Corp. (TSX:FGD)(OTCBB:FGOC) - In answer to numerous inquiries regarding the 8-K issued today, Firstgold Corp CEO Steve Akerfeldt made the following comment. "Firstgold has been in discussion for several weeks with the lender in anticipation of this situation and are presently working on a renegotiated payment schedule. We believe that the lender is very supportive of our operation and will not take steps to intentionally harm our company."

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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