Fortress Minerals Corp.

Fortress Minerals Corp.

January 18, 2007 12:04 ET

Fortress Intercepts 34.7 m @ 3.59 g/t Gold and 50.6 m @ 2.11 g/t in Hole PDSC-047 at Elena Target

Mineralized zone expanded significantly to northeast

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST) is pleased to announce additional drill results from the Elena and Tamara targets at the Svetloye gold project in eastern Russia (please see attached map).

At the Elena target, drill hole PDSC-047, returned 34.7 metres (0 to 34.7m) grading 3.59 grams per tonne ("g/t") gold and 50.6 metres (50.7 to 101.3 m) grading 2.11 g/t gold. In addition, drill hole PDSC-048, the most northeasterly hole for which assays have been received and a hole that failed to penetrate below 36.1 metres, returned strongly mineralized values throughout (36.1 metres grading 1.05 g/t gold) indicating that mineralization extends beyond the limits of current drilling to the northeast.

The latest drill results are tabulated below:

UTM East Inclination Length From To Interval Gold
Hole UTM North Azimuth (m) (m) (m) (m) (g/t)
Elena Target
PDSC-043 425377 090 degrees 148.8 0 18.3 18.3 1.80
6487439 -60 degrees and 29.5 45.4 15.9 2.48
PDSC-046 425272 090 degrees
6487582 -60 degrees 130.3 No significant intervals
PDSC-047 425345 090 degrees 161.8 0 34.7 34.7 3.59
6487541 -60 degrees and 50.7 101.3 50.6 2.11
PDSC-048 425654 315 degrees
6487679 -60 degrees 36.1 0 36.1 36.1 1.05
PDSC-052 425766 315 degrees
6487566 -60 degrees 84.7 No significant intervals
Tamara Target
PDSC-051 424230 090 degrees
6487940 -55 degrees 46.4 0 14.8 14.8 0.48

Further assay results from 15 holes drilled in 2006 will be delayed until March. The Dahl Geophysical laboratory, where initial preparation of samples occurs, is moving to a new location and will be unable to process further samples until the move is complete.

At present, two teams are constructing the winter road linking the Svetloye Project with the port town of Okhotsk. Once completed, supplies and equipment for the 2007 program will be transported to site. Plans are to complete 11,000 metres of drilling and 6 linear kilometres of trenching at Svetloye during 2007. A total of four drill rigs will be involved in the drilling program.

Mr. Thomas Bowens, M.Sc., P.Geo., Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. Samples are prepared and analyzed by DalGeophysical Laboratory, Khabarovsk Russia (accredited by the State Committee of the Russian Federation for Standardization and Metrology "Gosstandart" of Russia). All samples are then sent for additional and final analyses to ALS Chemex, Vancouver BC. Samples from all drill holes completed to date include pulp standards and blanks inserted as part of the Fortress Minerals Quality Control Program at a frequency of one standard for approximately every ten samples submitted.


Ron F. Hochstein, President

This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

To view the map attached to this release please click on the following link:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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