Consolidated Firstfund Capital Corp.TSXV: FFP

Firstfund reports 2008 first quarter results

· Issued by Consolidated Firstfund Capital Corp. via CNW

Trading Symbol: FFP

VANCOUVER, May 30 /CNW/ - Consolidated Firstfund Capital Corp. is pleased to announce its results from operations for its first quarter ended March 31, 2008. The financial results of the Company for the three months ended March 31, 2008 show a loss of $47,624 or $0.01 per share compared to a loss of $60,392 or $0.01 per share for the same period last year. Operating revenues decreased to $75,449 for the three months ended March 31, 2008 compared to $126,104 for the three months ended March 31, 2007. The Company's fee income was $69,584 for the three months ended March 31, 2008 (2007 - $124,820).

The Company's interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2008 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.

%SEDAR: 00002533E