FIRSTFUND REPORTS 2010 FOURTH QUARTER RESULTS

Trading Symbol:  FFP

VANCOUVER, May 2 /CNW/ - (TSXV: FFP) The Company wishes to announce its 2010 results from operations based upon its audited consolidated financial statements for the year ended December 31, 2010.

The financial results of the Company for the three months ended December 31, 2010 show a loss of $91,338 or $0.02 per share (2009 - $78,183 or $0.01 per share) on revenues of $71,042 (2009 - $73,409).  No additional fee income, above and beyond the Company's monthly administration fees, was received in the fourth quarter of 2010.  The Company's fee income was $70,278 for the three months ended December 31, 2010 (2009 - $72,293).

The financial results of the Company for the year ended December 31, 2010 show a loss of $277,685 or $0.05 per share (2009 - $211,011 or $0.04 per share).  The Company's fee income decreased to $284,721 for the year ended December 31, 2010 (2009 - $311,089).

The Company's audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2010 are available on SEDAR at www.sedar.com.

On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.

William N. Grant (signed)
_____________________________
William N. Grant, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Consolidated Firstfund Capital Corp.

For further information:

Douglas Grant, Vice President & CFO at (604) 683-6611 or info@firstfund.ca


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