Fortress Minerals Corp.
TSX VENTURE : FST

Fortress Minerals Corp.

November 09, 2009 08:29 ET

Fortress Intercepts 81.8 Metres Grading 2.66 g/t Gold Including 20.3 Metres Grading 6.48 g/t Gold at the Elena Prospect, Svetloye Project Russia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2009) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST) is pleased to announce the remaining results from the 2009 drilling program at the Svetloye Project, Russia.

Drill hole PDSC-294 from the Elena prospect intercepted 81.8 meters from surface grading 2.66 grams per tonne (g/t) gold, including 20.3 metres grading 6.48 g/t gold. Drill hole PDSC-293 intercepted 71.8 metres from surface grading 1.88 g/t gold, including 50.6 metres grading 2.44 g/t gold. Drill hole PDSC-289 also from the Elena prospect intercepted 74.2 metres (from 6.0 to 80.2 metres) grading 1.77 g/t gold including 62.1 metres (from 18.1 to 80.2 metres) grading 2.02 g/t gold. Please see the attached table for the remaining drill results from the 2009 program.

Fortress completed a total of 9,577 metres of drilling in 2009 at three of the target areas identified at the Svetloye Project, with highly encouraging results. The 2009 Svetloye drilling program was primarily designed to provide increased continuity of sample data for resource definition within ore zones previously defined (see Press Release dated April 23, 2009), and to determine the structural control of the Amy prospect. See the second attached table and maps for the highlights of the entire 2009 drill program.

The Svetloye Project consists of nine prospects that occur over a linear distance of eight kilometres. Prior to the 2009 drilling and trenching programs, the total inferred resources at Svetloye, including the Elena, Amy and Tamara prospects was estimated at 20.1 million tonnes grading 2.21 g/t gold containing 1.428 million ounces of gold (see Press Release dated April 23, 2009 for complete details).

Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress owns a 100% interest in the Svetloye Project.

The Company plans to mobilize fuel and equipment to Svetloye over the winter months for next year's program. In the meantime the Company will concentrate its exploration efforts on the Malmyzh copper-gold and Limonite copper-molybdenum properties. These properties, which are accessible by road from Khabarovsk, can be drilled during the winter months (see Press Release dated October 19, 2009).

Remaining Results from the 2009 Drill Program

      GoldSilver
HoleAreaTDFromToWidthGradeGrade
  (m)(m)(m)(m)(g/t)(g/t)
PDSC-286 Elena 120.3 0.0 8.0 8.0 4.45 1.2
   And 25.2 70.945.71.12 5.9
   Including 33.5 56.6 23.1 1.71 9.2
PDSC-287 ETX 196.6 no significant intercepts
PDSC-288 ETX 220.0 125.4 131.5 6.1 2.47 4.1
   And 168.6 176.7 8.1 0.94  less than 1.0
   Including 168.6 172.6 4.0 1.59  less than 1.0
PDSC-289 Elena 100.8 6.0 80.274.21.77 8.3
   Including 18.1 80.262.12.02 9.8
PDSC-290 Elena 101.4 5.9 22.1 16.2 1.30 2.2
   Including 14.2 20.1 5.9 2.95 4.5
   And 39.0 60.6 21.6 0.95 4.9
PDSC-291 Elena 102.6 0.0 49.349.31.18 4.9
   Including 20.2 30.9 10.7 1.96 10.0
PDSC-292 Elena 102.4 0.0 60.260.21.34 7.9
   Including 31.6 51.3 19.7 2.25 15.7
PDSC-293 Elena 102.6 0.0 71.871.81.88 15.0
   Including 0.0 50.650.62.44 17.4
PDSC-294 Elena 102.6 0.0 81.881.82.66 4.4
   Including 0.0 20.3 20.3 6.48 8.8
   And including 50.6 56.8 6.2 7.31 19.3
PDSC-295 Tamara 152.5 40.6 46.5 5.9 0.35  less than 1
   And 127.4 134.5 7.1 0.46  less than 1
PDSC-296 Tamara 127.0 6.0 17.4 11.4 0.03 53.9
   And 79.5 93.0 13.5 0.17  less than 1

Summary of Highlights from the Entire 2009 Drill Program

      GoldSilver
HoleAreaTDFromToWidthGradeGrade
  (m)(m)(m)(m) (g/t)(g/t)
PDSC-243 Amy 219.4 20.4 60.4 40 3.677 7.971
   Including 20.4 38.6 18.2 3.702 5.461
   And including 48.4 56.3 7.9 9.572 25.768
PDSC-244 Amy 220.5 6.2 36.2 30 1.539 3.533
   Including 23.2 34.2 11 3.018 8.08
   And 42.8 142.2 99.4 1.028  less than 1
   Including 82.3 104.1 21.8 1.534 2.002
   And including 116 120.8 4.8 4.810 1.745
   And 205 220.5 15.5 1.447  less than 1
PDSC-247 Amy 220 18 91 73 1.506 1.527
   Including 18 27.2 9.2 5.002 6.33
   And including 81.4 88.6 7.2 3.552 1.82
PDSC-249 Amy 224 16.6 168.7 152.1 0.524  less than 1
   Including 97.1 110.6 13.5 1.397 1.139
   And including 117.4 122 4.6 4.100 1.73
PDSC-250 Amy 233 108.4 185.8 77.4 1.331 3.258
   Including 79.7 84.2 4.5 1.345 1.394
   And including 112.4 128.8 16.4 1.059 1.363
   And including 151.6 154 2.4 29.600 80.4
   And 202.5 206.9 4.4 0.900  less than 1
PDSC-252 Amy 224 14.4 75.2 60.8 2.620 ~1
   Including 36.2 45.8 9.6 8.558 1.722
   And including 50 68.5 18.5 3.370 1.555
   And 91.7 177 85.3 0.368  less than 1
   And 211.6 224 12.4 11.879 82.08
   Including 211.6 216.9 5.3 26.996 191.366
PDSC-262 Amy 161 0 75.5 75.5 1.314 2.558
   Including 10.8 50.4 39.6 1.711 3.938
   And including 62 75.5 13.5 1.646  less than 1
   And 83.9 92.8 8.9 0.532  less than 1
PDSC-264 Amy 149 8 137.4 129.4 1.044  less than 1
   Including 28.7 58.6 29.9 1.424  less than 1
   And including 69.8 131 61.2 1.178  less than 1
PDSC-281 Amy 221 0 62.1 62.1 3.126 2.696
   Including 25.1 51 25.9 5.712 3.341
PDSC-269 Elena 50 0 38.9 38.9 3.406 10.54
PDSC-271 Elena 123.6 0 27.3 27.3 3.614 1.98
   Including 0 23.2 23.2 4.187 2.24
PDSC-273 Elena 150.1 11.6 62.1 50.5 5.360 4.03
   Including 32.9 59.4 26.5 9.240 6.45
PDSC-276 Elena 70.5 7.5 61.5 54 1.610 2.4
   Including 21.3 51.5 30.2 2.420 3.9
PDSC-278 Elena 218 0 87.4 87.4 2.550 4.8
   Including 0 37.6 37.6 4.670 4
PDSC-284 Elena 161 0 122.5 122.5 1.763  less than 1.0
   Including 0 12.3 12.3 4.541  less than 1.0
   And including 61 108.7 47.7 2.681 10.914
PDSC-289 Elena 100.8 6 80.2 74.2 1.770 8.255
   Including 18.1 80.2 62.1 2.019 9.754
PDSC-293 Elena 102.6 0 71.8 71.8 1.883 14.956
   Including 0 50.6 50.6 2.442 17.383
PDSC-294 Elena 102.6 0 81.8 81.8 2.664 4.352
   Including 0 20.3 20.3 6.477 8.839
   And including 50.6 56.8 6.2 7.309 19.333
PDSC-263 Tamara 130 27.3 123.9 96.6 0.479  less than 1
   Including 71 104 33 0.817 1.66
   And including 118.8 123.9 5.1 0.722  less than 1

James C. Ashleman, Chief Geologist, P. Geo., and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. A rigorous quality control program has been instituted involving insertion of certified standards and duplicate sampling. Samples are crushed and split on site with final sample preparation at the Irgiredmet Laboratory of Irkutsk, Russia (accredited by the State Committee of the Russian Federation for Standardization and Metrology "Gosstandart" of Russia). Assaying by fire assay is performed by the Irgiredmet Laboratory.

To view the maps accompanying this press release please click on the following link: http://media3.marketwire.com/docs/fst1109.pdf

ON BEHALF OF THE BOARD

Lukas H. Lundin
President and CEO

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.

Neither the 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 or accuracy of this release.

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