CAMERON PARK, CALIFORNIA--(Marketwire - Sept. 23, 2008) - Firstgold Corp. (TSX:FGD)(OTCBB:FGOC) announced today that exploration of its Honorine Gold Property is fully underway. The company has completed its initial sampling and 6 drill holes on the project. Drill results are pending from the first round of drilling, though they are expected only to provide basic geologic information and direction for future drill work.

Scott Dockter Firstgold COO commented "We are optimistic about the potential of this property. We have commissioned an aeromagnetic survey to help us evaluate additional drilling targets which we plan on pursuing later this fall." The Honorine Gold Exploration Property was recently expanded to a total size of 3,857 acres (an increase of 639 acres) and is located in proximity to the Antler Hinterland Trough and Midas Trend, approximately 150 miles Northeast of Reno, NV.

Additionally, Firstgold announced that it has decided to not extend the lease at the 25,000 acre Antelope Peak exploration project. After extensive surveying and geologic mapping, the company has determined that the land package does not fit the geologic profile it is pursuing at this time.

Firstgold Corp's flagship property is the Relief Canyon mine has completed its permitting for production in the state of Nevada and the company is working to bring the mine into full operation by this fall. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Firstgold currently leases over 10,000 acres of prime exploration property in Nevada. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Firstgold Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Firstgold Corp. cautions investors that any forward-looking statements made by Firstgold Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Firstgold Corp.'s mining properties, the unproven nature of and potential changes to Firstgold Corp.'s business model, the risk that the capital and other resources that Firstgold Corp. will need to exploit its business model will not be available, and the risks discussed in Firstgold Corp.'s Form 10-KSB and in Firstgold Corp.'s 10-QSBs and in Firstgold Corp.'s other filings with the Securities and Exchange Commission.

FOR FURTHER INFORMATION PLEASE CONTACT:

Firstgold Corp.
Stephen Akerfeldt
1-888-904-6531


Email: info@firstgoldcorp.com
Website: www.FirstgoldCorp.com