Fortune River Resource Corp.

Fortune River Resource Corp.

January 15, 2008 11:55 ET

Fortune River Begins Deep Drilling at Wind Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) announced today that drilling is now underway at the Wind Mountain Au-Ag deposit in Nevada's Walker Lane gold trend. Three deep reverse-circulation holes (approximately 1,200m total) are planned as an initial test of specific faults that may have acted as "feeders" to the near-surface resource.

The Company recently received a 43-101 compliant resource estimate that includes a total Measured plus Indicated Resource for the project as 33.7 million tons above a cutoff grade of 0.0075 opt Au, with an average grade of 0.012 opt gold, containing 406,000 ounces of gold (See News Release dated January 8th, 2008). The report also estimates an Inferred Resource of 9.8 million tons above a cutoff grade of 0.0075 opt Au, with an average grade of 0.009 opt gold, containing 92,000 ounces of gold. The report further states, "the inferred resource is enveloped by over 74 million tons of material averaging 0.006 opt Au (444,000 ounces gold) that is not regarded as potentially economic at this time, but may become so in the future." Ore Reserves Engineering ("O.R.E.") and Donald E. Ranta, consulting geologist, prepared the resource model and compiled the technical report. Alan C. Noble, P.E. is the Principal Engineer of O.R.E. and is the Qualified Person for the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Mineral Projects.

Amax Gold produced 299,259 ounces of gold and 1,769,426 ounces of silver between 1989 and 1999 from 445,542 ounces mined (approximately 22.6 million tons of ore averaging 0.020 opt Au based on unpublished data from Amax data files).

President, Joe Kizis, explained the rationale behind the current deep drilling program, "Past production plus our existing resource represent a large amount of gold and silver hosted by volcanic sediments. However, underlying dense lava flows contain virtually no precious metals and very little alteration. The gold-bearing fluids had to travel through the dense lava flows before they could spread widely throughout the overlying permeable sediments. Our goal is to drill test those faults along which the fluids traveled through the dense flows, because that concentrated fluid pathway is where bonanza-grade vein deposits might occur."

Wind Mountain is being acquired via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines, Ltd., and is one of the Company's five low-sulfidation gold/silver properties being explored in the highly prospective Walker Lane gold trend in northwestern Nevada.

About Fortune River Resource Corp.

Fortune River Resource Corp. is exploring for high-grade gold deposits within two prolific gold producing geologic provinces, Nevada and Ontario. The Wind Mountain, East Manhattan, Highland, Baxter, Mud Springs, and Buz projects are located in Nevada and the Drayton project is located in Ontario.

Joe Kizis Jr., (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release for Nevada properties.

On behalf of the Board,

Joseph Anthony Kizis, Jr. President, Fortune River Resource Corp.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.

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