SOURCE: Firstgold, Inc.

April 03, 2007 13:20 ET

Firstgold Corp. One Step Closer to Reopening Relief Canyon Mine

CAMERON PARK, CA -- (MARKET WIRE) -- April 3, 2007 -- Firstgold Corp. (OTCBB: FGOC) announced today that it has received official notice that its bond for operations at the Relief Canyon mine has been accepted by the Bureau of Land Management. This officially completes the Activities of Compliance mandated by the Nevada Bureau of Land Management (BLM). Company CEO, Scott Dockter, stated:

"This is the largest step we have taken so far. Having this bond in place allows us submit for reinstatement of our Plan of Operations which will give the Relief Canyon mine its official operating status, and enable it to go into full production. The Firstgold team is extremely pleased with this news and sincerely appreciates the cooperation it has received from the regulatory agencies in Nevada."

Dockter commented further, "In anticipation of the BLM acceptance we are pleased to announce that we have already prepared and submitted the application to reinstate the Plan of Operations at Relief Canyon and we are hopeful this approval will be forthcoming in the very near future."

With 40,000 acres in Nevada, Firstgold has promising exploration and near-term production targets in Antelope Peak - Wells, and in Relief Canyon. 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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