Firstfund elects Stuart E. Pennington and grants 220,000 incentive stock options

Trading Symbol:  FFP

VANCOUVER, June 4, 2013 /CNW/ - Consolidated Firstfund Capital Corp. is pleased to announce that Mr. Stuart E. Pennington has been elected to the Board of Directors by the shareholders of the Company at the annual general meeting held on June 4, 2013.  Mr. Pennington lives in Blaine, Washington and is currently a consultant in the energy industry.  Mr. Pennington is a Director of Vitality Products Inc.  He is the past Operations Manager of Harbor Olympic Land, LLC.  Previously, Mr. Pennington spent 20 years working at ARCO Products Company, a part of BP.  He is the past Regional Sales Manager - Pacific Northwest at ARCO Products Company.  He graduated from the University of Oregon with a Bachelor of Arts in Political Science and subsequently earned a MBA at the University of California.  Mr. Pennington is a past member of the Birch Bay Steering Committee and is actively involved in local politics in Whatcom County, Washington.

At the annual general meeting, shareholders also approved increasing the size of the Board by one to five places and re-elected Robert H. Grant, W. Douglas Grant, Bruce J. McDonald and James W. F. Tutton as Directors of the Company for the ensuing year.

Consolidated Firstfund Capital Corp. announces that, pursuant to its stock option plan, the Company has granted incentive stock options to directors, officers and employees which will entitle the option holders to purchase up to 220,000 common shares of the Company at a price of $0.10 per share for a period of five years.  These options are not subject to any vesting schedule and may be exercised at any time up to the expiry date of June 4, 2018.  These options are subject to a four-month hold period which expires October 4, 2013.

On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.

W. Douglas Grant (signed)
______________________________
W. Douglas 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.

W. Douglas Grant, President & CEO at [phone] or [email protected]