FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

July 13, 2007 16:31 ET

FirstGrowth Capital Inc. Announces Change in Investor Relations Appointment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC)(FRANKFURT:G8Q) (the "Company") announced today that the investor relations contract with Mr. Barry Claridge is terminated effective immediately. Due to unforeseen personal and family circumstances, Mr. Claridge is unable to carry out investor relations activities for the company at this time. The company's management wishes Mr. Claridge well in his future endeavors.

The company also announced it has reached an agreement (the "Agreement") with Sandman Media Inc. for investor relations services.

This agreement with Sandman Media will augment existing investor relations services currently being provided by Ascenta Capital Partners Inc. and Nicholas Sayce.

The term of the agreement is for twelve months commencing July 1, 2007, with a performance review every three months. As consideration for services, the company has agreed to pay Sandman Media a monthly retainer of $3,500, payable on the first day of each month.

The company has also granted an option to Sandman Media to purchase up to 75,000 shares at $1.10 per share for a term expiring July 1, 2009, and vesting in equal portions over three six-month periods.

Pursuant to the agreement, Sandman Media will provide investor relations services for the company in Canada, as may from time to time be required, with particular emphasis on Western Canada. Services to be provided by Sandman Media include contacting potential investors, investment clubs, high net-worth individuals, retail brokers, small fund managers, and publications and providing factual information related to the every day business of the company, with a view to introducing such parties to the company, all in accordance with the relevant policies of the TSX Venture Exchange.

The investor relations agreement between the company and Sandman Media and the compensation payable to Sandman Media, including the allocation of options, are subject to TSX Venture Exchange approval.

About Sandman Media Inc.

Sandman Media is based in Vancouver, BC. The company provides both investor relations and multi-media communications services to the public sector.

About FirstGrowth

FirstGrowth is an oil, gas and mineral exploration services company focused on the organic growth of its subsidiary, Kinetex Inc. In addition, FirstGrowth's goal is to make acquisitions in the resource services sector accretive to Kinetex's current seismic imaging services.

Kinetex has been a developer of advanced exploration techniques for over six years as a Calgary-based integrator of applied sciences to the resource industry, including oil & gas exploration and development, and precious and base mineral exploration and evaluation. One of Kinetex's primary services is targeted implementation and optimization of seismic imaging using the proprietary VectorSeis Recording System and Digital 3 Component Full Wave Imaging.

Kinetex continues to be focused on offering value added services which accelerate the advancement of both grass roots exploration and development of hard rock deposits, with extensive experience in the areas of diamonds, gold and uranium.


Gilbert Schneider, President

The company seeks safe harbour.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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