FirstGrowth Capital Inc.
TSX VENTURE : FGC
FRANKFURT : G8Q
OTC Bulletin Board : FGWPF

FirstGrowth Capital Inc.

August 17, 2007 10:24 ET

FirstGrowth Capital Inc. Announces Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC)(OTCBB:FGWPF)(FRANKFURT:G8Q) is pleased to announce that the company is changing its name to FirstGrowth Exploration & Development Services Corp. (and to be branded as FirstGrowth-EDS). The board of FirstGrowth strongly believe the name change better reflects the range and scope of the company's quality applied sciences solutions and services to the oil & gas and minerals industries.

"Ultimately we believe the name change allows all our stakeholders; clients, employees and shareholders an opportunity to recognize and embrace the goals achieved through the company's focused business model," stated Gil Schneider, President and CEO. "We believe that all parties will be rewarded by our growing ability to deliver superior results."

This change is effective August 17, 2007. FirstGrowth will continue to trade on the TSX Venture Exchange under its existing stock symbol FGC. In conjunction with the name change, the Company's website and domain name have been changed to www.firstgrowth.com.

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.

FIRSTGROWTH EXPLORATION & DEVELOPMENT SERVICES CORP.

Gil Schneider

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. The company seeks safe harbour.

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