Bullion River Gold Corp.
OTC Bulletin Board : BLRVE

Bullion River Gold Corp.

January 16, 2007 01:00 ET

Bullion River Gold Corp. Releases New Techical Reports on French Gulch Mine, Mission and Wenban Spring Properties

Independent Report Confirms High-Grade Nature of French Gulch Mine and Mission Property

RENO, NEVADA--(CCNMatthews - Jan. 16, 2007) - Bullion River Gold Corp. (OTCBB:BLRV) announced today that it has received Technical Reports according to Canadian Standards 43-101 from Reliance Geotechnical Services Inc., Vancouver, BC, Canada (RGS) for three properties: the French Gulch mine and Mission property, both in California; and the Wenban Spring property in the Cortez Trend in Nevada.

RGS was hired as an independent contractor to summarize previous mining at the properties, appraise the exploration potential of each property and make recommendations for future exploration. RGS reviewed all of the company's procedures, including quality assurance methods, quality controls and other work methods. RGS concluded that all three properties have substantial potential and agreed with Bullion River Gold Corp.'s assertion that continued significant exploration and therefore expenditures are warranted.

For the French Gulch mine, RGS supported the company's position that conventional resource estimates are extremely difficult to obtain due to the unusually high-grade nature of the mine's narrow vein system and its 'nugget effect'. Nevertheless, RGS stated that there was justification to expect a gold content of 257,800 tons at 1.00 ounce per ton, or 257,800 ounces, out of the Washington and Lucky 7 veins in the area that Bullion River has drilled. The prediction is based upon increasing the strike length by 50 percent and doubling the depth in the Washington and Lucky 7 veins. This analysis does not include ounces from additional depth development from these two mesothermal systems nor the Santa Maria, #2 or Dean veins or any other existing and known vein systems from the historic mines Niagara, Montezuma or Scorpion, which also are located on Bullion River's property. Furthermore, RGS stated that this assumption includes only a strike length of 750 feet, however there is an overall strike length potential of almost 9,000 feet on the property. In its recommendation, RGS suggested a next-phase drilling of 12,000 feet from surface and underground to expand gold content in the western extension of the Washington and Lucky 7, the Niagara and Scorpion areas.

At the Mission property, RGS recommended a two-step exploration program to verify and expand the estimated existing gold content of 350,000 tons, with a grading of 0.766 for 268,000 ounces, made by the California Division of Mines and Geology. An in-depth sampling and mapping program should be followed by a drilling program of 10,000 feet, for which Bullion River is presently acquiring permits.

RGS reported that the Wenban Spring property, with its landholding of 293 claims directly adjacent to the Cortez Joint Venture of Barrick and Kennecott in the heart of the Cortez Trend, "is considered to have potential to host an economic gold-silver deposit because (among others) mines and deposits in the Cortez district have demonstrated economic gold-silver mineralization in carbonate and sedimentary rocks." RGS recommended an exploration-drilling program of 10,000 feet at this property.

Peter M. Kuhn, President of Bullion River Gold Corp., said he was pleased with the technical reports because the firm confirmed Bullion River Gold's positive views about the economical values and potential of the properties. "The reports encourage us to expedite our exploration efforts not only at the French Gulch mine, but also on some of our other key properties," he said. "While our focus will remain on increasing production at the French Gulch mine, we appreciate the support to increase gold content on the Mission and Wenban Spring properties."

The detailed Technical Reports on all three properties can be viewed at the company's website www.bullionriver.com.

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, five of which are located in Nevada. Two of the Nevada properties are considered advanced projects and three are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.

For more information, contact Chris Marcus, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at chris@fyremarketing.com 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.

Contact Information