Fire River Gold Corp.
TSX VENTURE : FAU
OTCQX : FVGCF
FRANKFURT : FWR

Fire River Gold Corp.

April 13, 2010 09:08 ET

Fire River Gold Corp.: Continued High Grade Gold Results Including 1.8 opt (60.55 g/t) Gold Over 13.7 ft (4.2 m) Nixon Fork Gold Mine, Alaska

- Geological re-assessment work 40% complete; resource update Fall 2010

- Significant Previously Undisclosed Results:

-- 1.8 opt (60.55 g/t) Gold over 13.7 ft (4.2 m) in hole N08U028

-- 1.5 opt (52.9 g/t) Gold over 8.8 ft (2.7 m) 8.8 ft in hole N08U031

- Results pending for 76 additional holes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2010) - Fire River Gold Corp. (TSX VENTURE:FAU)(OTCQX:FVGCF)(FRANKFURT:FWR) ("FAU" or the "Company") is pleased to announce further additional high grade results of 1.8 opt (60.55 g/t) over 13.7 ft (4.2 metres) for the ongoing geological re‐evaluation program for the Nixon Fork Gold Mine Project in Alaska. In the years 2007 to 2008, the former operator drilled 9400 metres in 110 holes, the results of which have never been previously disclosed to the public. This release completes the reporting for all 2008 drill holes. A total of 33 drill holes completed in 2008 have been re-logged and sampled with a total meterage of 3244.5. 76 additional drill holes from 2007 have assays pending or are pending QAQC evaluation and will be the subject of future releases.

Please click on the hyperlink to view maps attached to this news release: http://www.firerivergold.com/s/NewsReleases.asp?ReportID=394570

Because the 2007 and 2008 results were not formerly reported, a careful review of all quality control and quality assurance procedures used by the former operator was initiated. FAU's re‐sampling program of drill core from the 2008 drilling at Nixon Fork is essentially a modified field duplicate exercise. The remaining half‐cores were fully analyzed except in rare cases where quarter‐cores were used.

Sampling of core‐duplicates as compared to FAU's pulp‐duplicates can produce a high degree of variability in the results due to the ʺnugget effectʺ of gold mineralization that occurs at Nixon Fork.

Every effort has been made to replicate the previous sample intervals unless a previous sample crossed a lithological or mineralized boundary. In these cases the new 2010 samples were terminated at such boundaries.

The differences in lengths of the intervals may account for some of the variability in gold grades. In general, the assays are in good agreement, especially for a comparison of field duplicate samples in a high‐grade, coarse gold system.

A graphical comparison of the 2010 assays vs. the old data is shown on Figure 1, a plan map of the 270 level in the Crystal decline. This area is an un-mined part of the 3300 zone and includes numerous 2008 drill holes. Gold-bearing mineralization is developed along the contact of a quartz monzonite stock (intrusion). High grade zones typically followed near vertical pipe-like to broadly tabular forms.

Re-logging and sampling of the historic core is of critical importance to understanding the controls of gold mineralization as well as gaining confidence in the high grades. The differences in grades shown are typical of high grade, gold deposits with a significant nugget distribution. 

Table 1: List of 3 Additional 2008 Drill holes and as well as other in significant intercepts.

Hole # From To Width (ft) Width (m) Au (opt) Au (g/t) Location
N08U028 15.3 19.5 13.7 4.2 1.8 60.55 3300 Zone
N08U030 22.6 24.8 7.2 2.2 1.0 33.93 3300 Zone
N08U031 29.4 32.1 8.8 2.7 1.5 52.9 3300 Zone
N08U007 91 95 13.1 4 1.8 60.9 3300 Zone
N08U011 71.6 76.2 15.0 4.6 4.1 139.97 3300 Zone
Including 72.6 73.2 2 0.6 21.4 729 3300 Zone
Including 73.20 74.7 4.9 1.5 3.1 106.0 3300 Zone
N08U023 12.5 16.9 14.4 4.4 3.5 121.6 3300 Zone
N08025 13.6 14.6 3.3 1 2.2 76.1 3300 Zone
N08U26 28.7 29.1 1.3 0.4 1.8 60.2 3300 Zone
N08U32 82.3 83.4 3.6 1.1 1.7 57.4 3300 Zone

For additional details, please refer to FAU's March 23rd and March 31st press releases, reporting the results from the first 30 holes of this program for on the project and the geological re-assessment program, including historic site production, a description of the deposits, additional information on the QA/QC measures, and a description of our planned 2010 exploration drilling program.

Table 2: A Comparison of the Original to Check Assays for the 2008 Drilling.

ORIGINAL ASSAYS   CHECK ASSAYS
Hole From To Length Au   From To Length Au
Number metres metres metres g/t   metres metres metres g/t
Intercept Averages from about 1 to 10 g/t            
N08U025 14.0 26.6 12.6 8.9   14.0 26.8 12.8 8.6
                   
Intercept Averages from 10 to 30 g/t            
N08U021 26.0 29.0 3.0 18.3   26.8 29.9 3.1 15.6
N08U023 33.7 37.0 3.3 12.9   33.8 37.8 4.0 10.8
N08U024 36.0 38.2 2.2 14.6   36.0 38.1 2.1 8.2
N08U027 14.0 17.8 3.8 11.2   14.0 17.7 3.7 8.1
                   
Intercept Averages greater than 30g/t            
N08U023 12.5 16.9 4.4 121.6   12.4 17.3 4.9 74.5
N08U025 14.0 15.0 1.0 54.4   13.6 14.6 1.0 76.1
                   
Intercept Averages greater than 30g/t            
N08U028 15.3 22.8 7.5 34.04   15.3 19.5 4.2 60.55
N08U030 21.4 24.6 3.1 45.07   22.6 22.8 2.2 44.93
N08U031 29.4 32 2.6 65.4   29.4 32.1 2.7 52.9

The project is being managed by Richard Goodwin, P.Eng, VP Mining for Fire River Gold and is the Qualified Person for this news release.

About Fire River Gold Corp.

Fire River Gold Corp. is a junior exploration/development company focused on advanced stage gold projects in North America. The Company's team of professionals includes dedicated senior management, geologists, engineers, corporate finance, investor relations experts, corporate management, public company administrators and regulatory and government affairs specialists. Fire River's flagship property is the Nixon Fork Gold Mine, located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits. Fire River Gold is a member of the International Metals Group (www.internationalmetalsgroup.com).

On behalf of the Board of Directors

Harry Barr, President & C.E.O.

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. 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 of accuracy of this release.

We seek safe harbour.

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 accuracy of this release.

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