Consolidated Firstfund Capital Corp.TSXV: FFP

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 www.sedar.com.

On behalf of the Board of

CONSOLIDATED FIRSTFUND CAPITAL CORP.

William N. Grant (signed)

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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.

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