FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

July 16, 2007 08:00 ET

FirstGrowth Capital Inc. Announces New Project with Hudbay Minerals Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2007) - FirstGrowth Capital Inc. (TSX VENTURE:FGC)(FRANKFURT:G8Q) (the "Company") is pleased to announce that its subsidiary Kinetex Inc. has started an extensive 3D recording operation for Hudson Bay Mining and Smelting, a subsidiary of Hudbay Minerals Inc. This contract is in conjunction with, and in addition to, a previously awarded contract for the Geological Survey of Canada's Targeted Geoscience Initiative 3 (see news release dated February 15, 2007).

The Geoscience Initiative is focused on increasing knowledge of established mining districts through innovative 3D geological mapping technologies and techniques. This information will help to reduce the environmental and geological risk inherent in exploring and developing existing mining operations to extend known reserves.

"We are very pleased to be a part of the Geoscience Initiative," stated Gil Schneider, President and CEO of FirstGrowth. "The cutting edge technology we employ provides much greater accuracy and detail than traditional analog methods and is far less invasive than other means of testing and expanding reserves. This new project, which is a direct result of the initiative, is a testament to the quality of our data and speaks to the ever-growing demand for our enhanced seismic services by the mining sector."

Kinetex Inc. is utilizing its 3C VectorSeis(C) digital crews in order to optimize the exploration and development efforts of Hudson Bay Mining and Smelting. The new 3D project includes sub-surface testing below the community of Flin Flon, Manitoba and the mines associated within the underlying region. These programs are scheduled to be completed in early August. Upon completion of these field operations Kinetex will have provided a combination of twelve million traces of high resolution 3C, long-offset 2D and 3D seismic data to assist in the identification and correlation of previous exploration and development efforts.

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.


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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