Firm Capital Mortgage Investment Corporation Announces Monthly Cash Dividends

   Firm Capital Mortgage Investment Corporation ("MIC") (TSX: FC), announced its monthly cash dividend of $0.078 per share (subject to adjustment in the discretion of the board of directors) payable to shareholders of record as follows:

Record Date            Dividend Payable
------------------     ------------------
January 31, 2011       February 15, 2011
February 28, 2011      March 15, 2011
March 31, 2011         April 15, 2011
April 30, 2011         May 16, 2011

The MIC, through its Mortgage Banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate finance, including construction, mezzanine and equity investments. The MIC's investment objective is the preservation of Shareholders' Equity, while providing Shareholders with a stable stream of monthly dividends from investments. The MIC achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Shareholders. For more information, please visit www.firmcapital.com.

Contacts: Firm Capital Mortgage Investment Corporation Eli Dadouch President & Chief Executive Officer [phone] www.firmcapital.com