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fgcdf (.458) FirstGrowth Announces Grant of Options to Directors and Officer

Monday, December 31 2007 3:23 PM, EST s CCNMatthews "Canadian Press Releases "
VANCOUVER, BRITISH COLUMBIA --(Marketwire - Dec. 31, 2007 ) - FirstGrowth Exploration & Development Services Corp. (TSX VENTURE:FGC)(OTCBB:FGCDF)(FRANKFURT:G8Q) (the "Company") announced today that its Board of Directors has granted options to directors and officers of the Company entitling optionees to acquire up to a total of 1,000,000 common shares of the Company. Each option permits the holder to subscribe for and purchase one common share of the Company at an exercise price of CAD$1.10 per share, for a period of 5 years from the date of grant. The options vest semi-annually over a period of 18 months.
About FirstGrowth EDS
FirstGrowth EDS is resource 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.
Calgary -based Kinetex 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.
Kinetex continues to be focused on offering value added services which accelerate the advancement of both exploration and development.
FIRSTGROWTH EXPLORATION & DEVELOPMENT SERVICES CORP.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
FirstGrowth Exploration & Development Services Corp.
Gil Schneider
[phone]
Fax: [phone] (FAX)
Email: [e-mail]
Website: www.firstgrowth.com

Source: FirstGrowth Exploration & Development Services Corp.