Fortune River Resource Corp.
TSX VENTURE : FRX
FRANKFURT : RG7A

Fortune River Resource Corp.

May 20, 2008 12:39 ET

Another Thick Gold Intercept at Fortune River's Wind Mountain Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2008) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) reported today that preliminary gold assays for hole WM08019 have been received and demonstrate on-strike continuity of a previously announced new gold deposit at the former producing heap-leach Wind Mountain project, a low-sulfidation gold/silver property in the Walker Lane gold trend of western Nevada.

WM08019 returned a 122-metre interval averaging 0.677 g/t Au beginning at a depth of 184m. Silver assays are pending. The hole is located on strike at approximately 60m south of holes WM08016 and WM08018.

To view map the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0520frx.jpg

Preliminary assays for WM08018, the first hole of the current drilling campaign, were previously announced and final assays are now available. Hole WM08018 contains a 102.1m interval averaging 0.691 g/t Au and 18.8 g/t Ag beginning at a depth of 187m. Discovery hole WM08016 returned a previously announced intercept of 56m averaging 0.710 g/t Au and 20.7 g/t Ag, before crossing out of mineralization at the Wind Mountain fault. The company said that mineralization appears to be essentially flat lying, making the intervals nearly true thicknesses. Mineralization in all three holes is associated with strong silicification, hydrothermal breccia, and crudely banded quartz veinlets, which was also encountered in hole WM08020, located approximately 60m north of holes WM08016 and WM08018. Assays are now in the lab for hole WM08020, which was recently completed. Drilling has begun on hole WM08021, located approximately 60m south of hole WM08019.

Additional holes are planned to test this new mineralized zone along the Wind Mountain fault, which the company interprets as an important "feeder" structure. The Wind Mountain fault can be traced on surface for +3400m, indicating potential for other undiscovered deposits on the Property.

About Wind Mountain

The project is located approximately 160km northeast of Reno and has good road access and a power line to the property. AMAX Gold/Kinross Gold recovered nearly 300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999 from the Wind Mountain and Breeze open pit heap leach operations (based on Kinross Gold files).

In late 2007 the company received an independent NI 43-101 compliant resource estimate of the remaining mineralization, which includes a total Measured plus Indicated Resource for the project of 33.7 million tons averaging 0.012 opt gold (0.411 g/t Au) using a cutoff grade of 0.0075 opt Au (0.257 g/t Au), containing 406,000 ounces of gold (See News Release dated January 8/08). The estimate also includes an Inferred Resource of 9.8 million tons averaging 0.009 opt Au (0.308 g/t Au) using a cutoff grade of 0.0075 opt Au, containing 92,000 ounces of gold. None of the mineralization encountered in 2008 holes is included in the resource estimates.

Ore Reserves Engineering ("O.R.E.") and Donald E. Ranta, consulting geologist, prepared the resource model and compiled the technical report, which is available on SEDAR. 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.

Wind Mountain is being acquired via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines, Limited.

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.

We seek safe harbor.

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.

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