1st Global Financial Corp (FGBF) Important Shareholder’s Announcement

HENDERSON, Nev., Nov. 4, 2010 /PRNewswire-FirstCall/ -- 1st Global Financial Corp (Pink Sheets: FGBF) announces that it has completed all necessary legal documentation regarding all outstanding matters relating to the reverse merger and share swap previously announced in October 2010.

The Directors of the Corporation have determined that the new assets and projected income from them are not accurately reflected in the current trading price of the shares in the open market.

The policy of the Corporation is to have institutional investors who are willing and able to support the program of property acquisitions in Ireland, the United Kingdom, Europe and the United States of America.

Therefore, the Directors are making this important announcement regarding the shares of the Corporation.

There will be an offer of a fixed price share repurchase of shares from existing shareholders on the Corporation's Share Transfer Agents register as of Friday November 5, 2010 at close of Market at 4pm EDT, at a fixed price of US $6.00 per share.

This offer is conditional on the Corporation repurchasing a minimum of six million shares of the seven million in the float.

The offer will be open to existing shareholders of record or their proxy as described above for a period of three months duration ending on February 5, 2011 at 4pm EST on that date.

Shareholders via proxy who intend to participate in the Offer must indicate in writing their acceptance on the forms provided by the Corporation either from the Corporation's website or by request from the Corporation's Investor Relations.

The Forms will be available on the website(s) on Tuesday, November 9, 2010.

www.1stglobalfinancialcorp.com

www.worldcorporateassets.com

SOURCE 1st Global Financial Corp