SOURCE: Firstgold Corp.

January 30, 2007 13:24 ET

Firstgold Corp. Files TSXV Listing Application

CAMERON PARK, CA -- (MARKET WIRE) -- January 30, 2007 -- Firstgold Corp. (OTCBB: FGOC) announced today that it has filed a listing application with the TSX Venture Exchange. Scott Dockter, Firstgold Chairman and CEO, commented, "Firstgold recognizes the Toronto Stock Exchange and The TSX Venture Exchange are the single largest source in the world of equity financing for mining issuers. We believe this process will allow us to gain access to some of the most sophisticated and substantial resource investors in the world... these investors we believe will be very interested in the developments at Firstgold."

Mr. Dockter further commented, "We have added to our board and staff in anticipation of our next stage of development and the application to the TSXV is yet another step in our plans to make 2007 a historic year for our company."

Firstgold Corp. expects to move towards its production phase in mid 2007, subject to regulatory approval that is also anticipated in early 2007. 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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