FirstGrowth Exploration & Development Services Corp.
OTC Bulletin Board : FGCDF

FirstGrowth Exploration & Development Services Corp.

February 29, 2008 14:14 ET

FirstGrowth Exploration & Development Services Corp.: Leonard Van Betuw-Distribution of Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - FirstGrowth Exploration & Development Services Corp. (TSX VENTURE:FGC)(OTCBB:FGCDF)(FRANKFURT:G8Q) ("FirstGrowth", the "Company") announces that Leonard B. Van Betuw, a director of FirstGrowth, as part of his estate planning intends to make various charitable donations. Included is a minimum of 50,000 shares to Clear Water Academy of Calgary, Alberta, a school which has consistently been ranked as one of the top five schools in Alberta. The school's focus on one simple goal, "Semper Altius" (always higher), is a goal that both FirstGrowth and Mr. Van Betuw feel a strong association with. This deemed disposition is part of his intended distribution of up to 1,000,000 shares of the Company from his control base, reducing his holdings from 12,182,800 shares, representing 36.09% of the issued share capital, to 11,182,800 shares, representing 33.12% of the issued share capital.

The sales and deemed disposition of securities are being distributed for the purpose of charitable donations and gifts as well as estate planning of Mr. Van Betuw's personal holdings. The securities will be sold through the TSX Venture Exchange and/or privately. The proposed commencement date is March 4, 2008 and will continue in an orderly manner throughout 2008 and 2009.

About FirstGrowth

FirstGrowth is an oil, gas and mineral exploration services company focused on providing data-rich high resolution subsurface images - essentially a brand-new exploration tool - to the resource exploration and development industry. Driven by a proven and experienced management team and using cutting edge technology, FirstGrowth has nearly doubled its annual revenues for three consecutive years.

FirstGrowth's subsidiary, Kinetex Inc., has been a developer of advanced exploration techniques for over six years as an 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.


Gil Schneider

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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