Bullion River Gold Corp.
OTC Bulletin Board : BLRVE

Bullion River Gold Corp.

June 28, 2005 16:00 ET

Bullion River Gold Corp. Completes Phase-1 Underground Drilling at its French Gulch Mine and Advances to Development

RENO, NEVADA--(CCNMatthews - June 28, 2005) - Bullion River Gold Corp. (OTCBB:BLRV) has completed 57 underground core holes at its French Gulch project near Redding, California. The first-phase grid-drilling program of 56 holes across portions of the Washington and Lucky-7 veins is complete. However, due to encouraging results, the program has been expanded to include an additional 12 holes, bringing the total expected grid-drilling program to 68 holes. Complete assays will be reported after the 68 holes are finished and all assays have been received. Drilling continues to intersect multiple veins with visible gold. Examples of assays received recently include: 0.179 opt (ounces per ton) Au over 33.2 feet in RBU-38 containing 1.849 opt over 1.8 feet on the Lucky-7 vein and 0.248 opt Au over 8.8 feet in RBU-50 containing 1.208 opt Au over 1.3 feet on the Washington vein (only partial results in for hole 50); both holes contain visible gold. Mineralization on both veins remains open at depth and on strike.

From the one drill station currently available, the 68 holes will have tested an area less than 10 acres in plan, a small portion of the Washington mine area and the overall property. Resource calculations and detailed 3-D modeling are slated to begin soon on the portion of the Lucky-7 vein tested by the drilling program. The remaining active holes target the Washington vein, and 3D modeling and resource analysis there will begin once all assays have been obtained.

Beyond the immediate Washington mine area, encouraging results have been achieved in the district exploration program, aimed at defining additional gold mineralization within the 3 square-mile property. For example, detailed mapping and sampling in the Niagara mine area, 3,500 feet west of the Washington mine, has defined the vein system, and associated dike swarm as being wider than expected at 550 feet and extending significantly on strike well beyond the historic workings. Core drilling from surface is slated to begin at Niagara in late July, and will first test below the historically mined levels. An exploration tunnel 540 feet below mined levels intersected a number of quartz veins containing coarse gold; mapping and sampling in this tunnel are also planned for July. Historic mining at Niagara produced an estimated 23,000 tons grading 1.45 opt Au along an ore shoot that yielded consistent mineralization for about 800 feet down dip and remains open at depth. It is expected that the Niagara area will yield additional and significant high-grade vein mineralization.

In early July, Bullion River Gold Corp. expects to begin new underground development of the Washington mine area via a decline from the Washington mill site. The underground development will provide additional platforms for detailed drilling of the deeper portions of the Lucky-7 and Washington veins and areas along strike from the current drilling. It will also provide access to an area between the Washington and Niagara mines, where geologic evidence points to excellent potential for additional high-grade mineralization.

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 Southwest United States. The company presently has a total of 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). 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. has 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.

Contact Information