First Factor Reports Completion of Change of Business & Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 7, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that the TSX Venture Exchange has accepted for filing the company's change of business announced in its news release of April 3, 2007. The Exchange has informed the company that its shares will commence trading on the TSX Venture Exchange under the trading symbol "FFD", effective at market open on Wednesday, August 8, 2007.

First Factor also reports the closing of a non-brokered private placement which raised gross proceeds of $1.125 million by the issuance of 2.5 million units at $0.45 each. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one common share for a period of two years at a price of $0.75 in the first year and $1.00 in the second. The funds from the sale of the units will be used to carry out the first year of exploration at the Inmachuk property in Alaska, to make other mineral property acquisitions, and for general corporate purposes. Finders' fees of $61,950 cash and one year warrants for the purchase of a total of 137,667 common shares at a price of $0.45 each are payable in respect of this private placement.

All of the securities issued in connection with the private placement, and the initial payment shares issued under the Inmachuk property option agreement, are subject to a hold period expiring on December 7, 2007.

First Factor is also pleased to announce that, following receipt of shareholder approval at its annual meeting, it is proceeding this month with the change of the company's name to Millrock Resources Inc. Finally, the company reports that it has granted stock options entitling an officer and a management company employee to purchase, for a period of five years, a total of 125,000 common shares at a price of $0.45 each.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Gregory Beischer, President & CEO
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

FORWARD LOOKING STATEMENTS
Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Provides Update on its Change of Business Transaction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 4, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that it is in the process of responding to the TSX Venture Exchange's comments concerning the company's filing submission pertaining to the change of business transaction announced in its news release of April 3, 2007.First Factor also reports that the exercise price of the stock options granted in May 2007 has been increased to $0.45.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Gregory Beischer, President & CEO
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Reports Management Changes and Financing Details

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that Darryl S. Cardey, CA has been appointed as a director. Allan Williams and Ian McKinnon have resigned, and the company thanks them for their service over the past 22 months.Mr. Cardey obtained a Bachelor of Commerce degree from the University of British Columbia in 1990. Mr. Cardey has served as an officer and/or director of several publicly traded companies, and is the principal of Cardey Management Corp., a private British Columbia venture capital firm.First Factor also reports that Gregory Beischer, a director of the company, has been appointed as president and chief executive officer. Philip St. George, already an officer of the company, has been appointed as chief financial officer. Janice Davies has been appointed as corporate secretary of the company. Ms. Davies is a self-employed consultant and acts as an officer of several publicly traded companies. Further to the company's news release of April 3, 2007, the non-brokered private placement being undertaken concurrently with its change of business transaction will raise $1,125,000 through the issuance of 2,500,000 units. Each unit will consist of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one common share at a price of $0.75 in the first year and at a price of $1.00 in the second year. The private placement is subject to receipt of TSX Venture Exchange acceptance.

The company also reports that it has granted stock options to certain directors and officers entitling them to purchase, for a period of five years, a total of 1,050,000 shares at a price of $0.38 each.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Gregory Beischer, President & CEO
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Reports Appointment of Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 13, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that it has appointed Mr. Gregory Beischer of Anchorage, Alaska as a director of the company. Mr. Beischer is a Geologist and Mining Engineering Technologist with more than 20 years of experience exploring for and developing metallic and industrial mineral deposits in North America. Mr. Beischer is currently a Senior Earth Resources Consultant with Bristol Environmental & Engineering Services Corporation in Anchorage, Alaska. Previously, he was employed as Exploration Manager, Alaska & Western Canada for American Copper & Nickel Company, Inc., a subsidiary of INCO Ltd. In addition to strong geological and mineral industry technical expertise, Mr. Beischer has extensive experience working with Alaska's Native Corporations, project permitting, and public and governmental relations. Mr. Beischer is the Chair of the Anchorage branch of the Alaska Miner's Association, 2nd Vice-President of the state-wide Alaska Miner's Association, a member of both the Alaska Minerals Commission and the Alaska Geological Mapping Advisory Board, and is the interim Chair for the Bureau of Land Management's Resource Advisory Council in Anchorage.

ON BEHALF OF THE BOARD
“Allan Williams”
Allan Williams, President

FOR FURTHER INFORMATION, PLEASE CONTACT
Allan Williams, President
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Provides Update on Its Change of Business Transaction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 4, 2007) - First Factor Developments Inc. (NEX:FFD.H) reports that there have been no material changes to its proposed Change of Business transaction as previously announced in its news release dated April 3, 2007.

ON BEHALF OF THE BOARD
“Allan Williams”
Allan Williams, President

FOR FURTHER INFORMATION, PLEASE CONTACT
Allan Williams, President
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Options Inmachuk Property From Full Metal Minerals…

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - First Factor Developments Inc. (NEX:FFD.H) is pleased to announce that it has entered into an Option and Joint Venture Agreement dated as of March 16, 2007 with Full Metal Minerals (USA) Inc. ("Full Metal") whereby First Factor can earn a 60% interest in the Inmachuck Property in Alaska. Full Metal is a company incorporated under the laws of the State of Alaska and a wholly-owned subsidiary of Full Metal Minerals Inc. The parties are at arm's length to each other. To earn a 60% interest in the property, First Factor must incur US$2.5 million in exploration expenditures (US$335,000 first year), issue 600,000 shares (100,000 first year), and pay Full Metal $90,000 cash ($25,000 first year). First Factor is planning a mechanical trenching and 1,300 meter diamond drilling program that is scheduled to commence in June, 2007.

The 4,338 hectare Inmachuck Property is accessible by road and is located on the Seward Peninsula, approximately 180 km northeast of Nome, Alaska, and about 40 km southwest of the town of Deering. Deering has scheduled air service from Nome and Kotzebue and has barge service from May through to November.

Both sediment-hosted gold, and carbonate silver-lead-zinc prospects are located on the Inmachuk Property, upstream from a placer district that has historically produced more than 300,000 ounces of gold. Two significant carbonate-replacement mineralized zones have been identified at Hannum and Harry's Creek. The occurrences are 1,300 meters apart and appear to be at the same stratigraphic level. Testing for continuity between the two has been difficult due to poor exposures and permafrost. The Hannum Creek Prospect is typified by an extensive surface gossan. Historic channel samples collected from trenches completed by Bunker Hill Mining Company in the 1960's include: 15% Pb, 1.5% Zn, 2.2 ounces of Ag/ton, and 0.23% Sb over a 51-foot width. The Bunker Hill soil program identified an anomalous area about 1,500 meters by 500 meters in which soils returned values greater than 250 ppm lead and 500 ppm zinc. In 1966, Bunker Hill completed 15 diamond core holes totaling 608 meters. Due to an underpowered drill rig, the deepest hole was only 75 meters deep. The targets remained untested at depth.

Work completed by Full Metal during 2006 identified a 1,100 meter by 400 meter, northwest trending silver-lead-zinc anomaly between Harry's Creek and Hannum Creek. Lead values ranged from trace to 4220 ppm, while zinc values ranging from trace to 5390 ppm.

Gold placers were discovered on the Inmachuck River and some of its tributaries in 1900. State of Alaska Historical Production Records report that the Fairhaven/Inmachuck district produced 348,089 ounces of placer gold from 1909 to 2002. First Factor cautions that these records, though relevant, are historical in nature and have not been independently reviewed, are not NI 43-101 compliant and should not be relied upon. No systematic lode gold exploration had ever been conducted in the district until 2002 by Gold Fields N.A. This work resulted in the discovery of a 1,800 meter-long, northwest trending Au-As-Sb soil anomaly as a result of collecting 197 soil samples in the vicinity of placer gold-producing tributaries. This anomaly appears to be spatially associated with an apparent linear, northwest trending topographic break. Historical USGS reports (USGS Bulletin 247) mention angular quartz with visible gold being recovered in the placer workings in drainages downstream of the property.

A total of 267 soil samples were historically collected at Inmachuck, initially on 100m by 300m grid lines, and followed by infill soil samples on a 100m by 150m grid. Gold in soil results range from trace to 735 ppb Au, with an average of 28 ppb Au. Of these, 22 samples assayed over 50 ppb Au, and eight assayed over 100 ppb Au.

These results were reviewed and approved for release by Gregory A. Beischer, Certified Professional Geologist, a director of First Factor and a "Qualified Person" as defined by NI 43-101.

The Inmachuk Property acquisition will serve as the basis of a Change of Business (COB) application, and promotion to Tier II status on the TSX Venture Exchange. First Factor, a company incorporated under the laws of Canada, currently has its corporate address at Suite 1500, 409 Granville Street, Vancouver, British Columbia V6C 1T2. The company will, after the completion date, become a company involved in the mining sector. Previously, First Factor was an information services company and operated as iWave Information Systems Inc. until July, 2005 when it changed its name to First Factor Developments Inc. A trading halt has been requested and approved by the Exchange, and may remain in effect until the COB has been approved. During the COB review period, First Factor may aim to raise funds that will be used to fund exploration at Inmachuk, to make other acquisitions, and for general corporate purposes. First Factor will seek, during the COB review period, a change of name for the company and possibly add persons to its Board of Directors and management staff.

First Factor is also pleased to announce the appointment of Philip St. George as Vice-President of Exploration. Mr. St. George has an exceptional track record of moving grass-roots projects forward to development and production, particularly in Alaska. He lead the team that discovered the Pebble copper-gold-molybdenum deposit while working for Cominco. He managed Pebble for four years and drilled out the initial 500 million tons of the deposit. Mr. St. George was also instrumental in building NovaGold's portfolio as Vice-President of Exploration for that company. He managed the Donlin Creek project and added more than 12 million ounces of gold resources to the deposit. He brought in the Alaska Gold Company including the Rock Creek and Big Hurrah deposits which are currently under construction. Additionally, Mr. St. George has been involved with, or managed, exploration programs for Cominco's Red Dog Mine and Pine Point Mine, Placer Dome's Gaines Creek Project and the Phelps-Dodge's Chino porphyry copper mine in New Mexico.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of First Factor Developments Inc. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD
“Allan Williams”
Allan Williams, President

FOR FURTHER INFORMATION, PLEASE CONTACT
Allan Williams, President
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

Market Regulation Services - Trading Halt - First Factor Developments Inc. - FFD.H

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2007) – The following issues have been halted by Market Regulation Services (RS):

Issuer Name: First Factor Developments Inc.

TSX-V Ticker Symbol: FFD.H

Time of Halt: 13:56 EST

Reason for Halt: Pending News

For further information: Market Regulation Services Inc., (416) 646-7299

ON BEHALF OF THE BOARD
“Allan Williams”
Allan Williams, President

FOR FURTHER INFORMATION, PLEASE CONTACT
Allan Williams, President
(604) 638-3164
Toll Free: (877) 217-8978

First Factor Developments Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

First Factor Reports Changes to Board

VANCOUVER, BRITISH COLUMBIA – CCNMatthews, Decemeber 11, 2006 – First Factor Developments Inc. (NEX BOARD:FFD.H) reports that Dean Swanberg has resigned as a director. The company thanks Mr. Swanberg for his contributions and wishes him success in his other business interests.The vacancy on the board of directors will be filled by Scott Harkness. Mr. Harkness has been an analyst at Cavendish Investing Ltd. since May 2001, where he manages a private equity fund. He is a director of Royal Roads Corporation and is the president and a director of Durham Capital Corporation. Mr Harkness holds an MBA from the University of Calgary and is a Chartered Financial Analyst.

ON BEHALF OF THE BOARD:
Allan Williams, President

FOR FURTHER INFORMATION PLEASE CONTACT:
First Factor Developments Inc.
Allan Williams President
(604) 484-7088