Firstfund reports 2005 second quarter results

Trading Symbol:  FFP

VANCOUVER, Aug. 29 /CNW/ - Consolidated Firstfund Capital Corp. is
pleased to announce its results from operations for its second quarter ended
June 30, 2005. The financial results of the Company for the three months ended
June 30, 2005 show a profit of $115,294 or $0.02 per share (2004 - $129,211 or
$0.02 per share) on revenues of $264,695 (2004 - $340,114). The Company's fee
income was $256,601 for the three months ended June 30, 2005 (2004 -
$336,804).
The Company earned $490,667 or $0.08 per share during the six months
ended June 30, 2005 compared to $41,340 or $0.01 per share for the same period
last year. Operating revenues increased to $953,433 for the six months ended
June 30, 2005 (2004 - $387,050).
The Company's fee income has increased to $673,842 for the six months
ended June 30, 2005 (2004 - $382,166). The Company's monthly fee income billed
to Gold Star Resorts Inc. has increased to US$35,000 in 2005 (2004 - US$10,000
per month). The monthly fee income increase represents additional property
development and property management responsibilities in Whatcom County,
Washington. The Company also has received from Gold Star US$215,000 for
additional project administration relating to the Sandcastle Resort project
and US$50,000 for organizing the 68-unit condominium project during the first
six months of 2005. An additional US$75,000 was received during the first
quarter for the Company's successful property rezone of the 160-acre
subdivision at SR 548 - Blaine Road in Whatcom County, Washington.
The Company's interim consolidated financial statements and management's
discussion and analysis for the six months ended June 30, 2005 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


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

%SEDAR: 00002533E