Bullion River Gold Corp.

Bullion River Gold Corp.

March 22, 2005 23:34 ET

Bullion River Gold Corp. Announces Completion of $4,800,000.00 Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BULLION RIVER GOLD CORP.

OTC Bulletin Board SYMBOL: BLRV
FRANKFURT SYMBOL: BVM

MARCH 22, 2005 - 23:34 ET

Bullion River Gold Corp. Announces Completion of
$4,800,000.00 Financing

RENO, NEVADA--(CCNMatthews - March 22, 2005) - Bullion River Gold Corp.
(OTCBB:BLRV)(FRANKFURT:BVM) today announced the closing of a
$4,800,000.00 non-brokered Private Placement. The Company issued
6,400,000 Units at a price of $0.75 per Unit. Each Unit consists of one
share of common stock and a warrant to purchase an additional share of
common stock at a price of $1.00. The warrants have a term of 36 months.
The Company intends to file a registration statement with the SEC with
respect to the common stock and warrants sold in this and the previously
announced financing. The securities will be freely tradable once the SEC
declares the registration effective.

Peter M. Kuhn, President of Bullion River Gold Corp. states: "Our goal
to raise sufficient funds for the development of our properties, and in
particular for the French Gulch, has been more than fulfilled. This
financing will bring us to the production decision point at the French
Gulch and beyond. Our objective to find many investors in different
locations in the Americas and Europe and to create a diverse and
sophisticated shareholder base has been accomplished."

About Bullion River Gold Corp.: Bullion River Gold Corp. is an American
based mineral exploration company focusing on regions containing
gold-silver deposits predominantly located in the Western United States.
The company presently has seven properties of which five are located in
Nevada. Three of these properties are considered advanced projects and
two are considered grassroots projects. The two remaining properties are
in California. Both of these properties are past producers.

For more information, contact Leann Pinguelo, Investor Relations at
Bullion River Gold Corp. at (800) 540-BLRV (2578) or at
leann@bullionriver.com or visit the Company's website at
www.bullionriver.com or the U.S. Securities & Exchange Commission's
website at www.sec.gov/ to review Bullion River's latest filings.

This release contains certain statements that are "forward-looking"
statements (as the term is defined in the Private Securities Litigation
Reform Act of 1995) including statements regarding SEC approval and the
sufficiency of the funds raised. Any such forward-looking statements are
inherently speculative and are based on currently available information,
operating plans and projections about future expectations and trends. As
such, they are subject to numerous risks and uncertainties, such as
general economic and business conditions, the ability to acquire and
develop specific projects, the ability to fund operations, and other
factors over which Bullion River Gold Corp. may have little or no
control. Actual results and performance may be significantly different
from expectations or trends expressed or implied by such forward-looking
statements. Bullion River Gold Corp. expressly disclaims any obligation
to update the statements contained in this release.

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