Fortune River Resource Corp.

Fortune River Resource Corp.

April 20, 2007 16:25 ET

First Holes Reported from Fortune River's Wind Mountain Property; Drilling Continues

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 20, 2007) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) today released assay results of the first five reverse-circulation drill holes from its Wind Mountain project, a low-sulfidation gold/silver project located in Nevada's Walker Lane gold trend. In addition, the Company said a NI 43-101 Technical Report by Fortune River's senior geologic consultant, Elliott Crist, P.Geo., is now available on SEDAR and on the company's website.(

The company reported today that the Phase I drilling program continues, with ten holes (2,370m) of the anticipated 12-15 holes (approximately 3,500m) completed to date. The first five holes concentrated on the area beneath the Wind Mountain open pits, from which AMAX Gold/Kinross Gold extracted ore and recovered, through a heap leach process, 300,000 ounces of gold and over 1.7 million ounces of silver between 1989 and 1999, at overall grades of approximately 0.5 g/t Au and 10 g/t Ag (based on Kinross Gold files). The remaining six drill holes tested down-dip portions of the Wind Mountain Fault zone. A drill plan is available on the company's website.

2007 Drilling Program - Wind Mtn Project
Total Begin End
Drill Depth interval interval Thickness Au Ag
Hole (m) Orientation meters meters meters (g/t) (g/t)
WM07001 219 -50, 090 17 41 24 0.238 6
41 73 32 0.414 17
73 81 8 0.221 20
WM07002 201 -58, 090 130 140 11 0.270 15
172 186 14 0.244 8
WM07003 201 -45, 090 0 26 26 0.384 13

WM07004 236 -55, 090 nil

WM07005 306 -60, 090 67 70 3 0.174 105
117 146 29 0.238 13
Inspectorate Original, Duplicate collected at rig every 50' w/ assay by
ALS Chemex.

True thicknesses have not yet been determined due to uncertainties in
geometry of mineralization

Fortune River president, Joe Kizis said, "These initial drill results confirm that potentially leachable gold and silver remain unmined underneath and adjacent to the existing pits. Our program also indicates that there is considerable exploration potential along the entire +3,000 metre Wind Mountain Fault zone." The company said that it was significant to note that NI 43-101 report author Elliott Crist, states in discussing historic drilling in his Technical Report that, "Several significant drill intercepts of gold and silver were recorded outside of the mined areas...."

Current drilling shows that the Wind Mountain Fault zone is mineralogically and texturally zoned with depth. Holes WM07004 and WM07005 both intersected this fault zone at relatively shallow depths and include a narrow zone of strong silver enrichment (105 g/t Ag) in hole WM07005, which is interpreted to be a hangingwall splay of the main fault zone. Later drill holes along the Wind Mountain Fault zone, for which assays are still pending, show that calcite decreases and quartz increases with depth (possibly an indication of increasing temperature of the hydrothermal system). The deepest intercepts to date are in holes WM07006 and WM07009 (assays pending), which contain textural evidence of at least minor boiling in the form of lamilar quartz after calcite and crude banding. Additional drilling down dip to the west will continue with a more powerful drill rig during the next phase of exploration.

Fortune River is earning a 100% interest in the Wind Mountain property from Agnico-Eagle (USA) Limited (Agnico-Eagle), a subsidiary of Agnico-Eagle Mines Limited. To earn its interest, Fortune River must spend US$2.0 million in exploration and development work over a six year period. Agnico-Eagle can then either accept a 2% NSR, of which 1% NSR can be purchased for $1.0 million, or Agnico-Eagle can elect to earn back 60% interest by spending on exploration and development work, $4.0 million over a four year period and producing a bankable feasibility document. Agnico-Eagle can earn an additional further 10% interest, at Fortune River's option, for a total of 70%, by loaning or arranging for financing of Fortune River's share of capital required for mine development and construction cost.

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 low-sulphidation Wind Mountain, Highland, Baxter, Mud Springs, and Buz projects in Nevada and the Archean-vein Drayton project in Ontario all have significant high-grade gold potential.

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

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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