Bullion River Gold Corp.
OTC Bulletin Board : BLRVE

Bullion River Gold Corp.

May 22, 2006 06:00 ET

Bullion River Gold Corp. Exercises its Purchase Option on the Corcoran Canyon Project in Nevada and Updates Its Activities at its French Gulch Mine

RENO, NEVADA--(CCNMatthews - May 22, 2006) - Bullion River Gold Corp. (OTCBB:BLRV) announces it has exercised its purchase option on the Corcoran Canyon project, located in Nye County in Nevada. The property contains a minimum of 1.61 million metric tonnes of mineralized material, grading 175 g/tonne (5.6 oz/tonne) of silver and 0.86 g/tonne (0.027 oz/tonne) of gold as estimated by an independent third party. For its purchase option, Bullion River Gold Corp. has paid the previous owners Brancote US a total of $200,000.00 and the Brancote US maintain a 2% NSR, of which 1% can be purchased at any time for $1,000,000.00.

At its French Gulch Mine near Redding, CA Bullion River Gold Corp. has steadily advanced its new production decline, has rehabilitated the so called I-level, which will connect to the new decline and provides access to the Washington vein as well. The overhaul of the mill is also progressing well. Furthermore, surface exploration is continuing and tested targets near the previously successfully mined Niagara vein and is presently testing the western extensions of the Washington vein.

Peter M. Kuhn, President of Bullion River Gold Corp., comments: "We decided to purchase the Corcoran Canyon for its great silver and gold possibilities. We are finalizing a Joint Venture with a proven exploration company in the next days and look forward to more work on this gold and silver hosting property. Nevertheless, our main focus remains on our French Gulch Mine where our crews are working enthusiastically towards the start of the test mining and eventually full production. We expect to start pulling ore before the end of May and to start the mill with 100 tons per day in June. Following successful test mining operations, we should start production mining in August with a milling rate of 200 tons/day, which we will increase to a 500 tons/day capacity by year end. Based on previous production and on our underground and surface exploration drilling we expect an average grade of about 1 ounce per ton in our operations at the French Gulch Mine."

About Bullion River Gold Corp.: Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties, four of which are located in Nevada. Two of the Nevada properties are considered advanced projects and two are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.

For more information, contact Jason Martinez, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at jason@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.

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