Firstfund reports 2007 second quarter results

    Trading Symbol: FFP

    VANCOUVER, Aug. 29 /CNW/ - Consolidated Firstfund Capital Corp. is
pleased to announce its financial results from operations for its second
quarter ended June 30, 2007. The Company earned $305,623 or $0.05 per share
for the three months ended June 30, 2007 (2006 - a loss of $32,529 or $0.01
per share). The Company's fee income was $117,766 for the three months ended
June 30, 2007 (2006 - $118,338). During the period the Company realized a gain
of $329,870 (2006 - $0) on the sale of an investment.
    The Company's interim consolidated financial statements and management's
discussion and analysis for the six months ended June 30, 2007 are available
on SEDAR at

    On behalf of the Board of

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

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00002533E

For further information:

For further information: Douglas Grant, Vice President & CFO at (604)
683-6611 or

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