SOURCE: FIRST NARROWS RESOURCES CORP.

June 08, 2007 10:00 ET

First Narrows Continues the Advancement of Its Chester Project

Board Approves Plan for the Partial Refurbishment of the Historical Decline

VANCOUVER, BC--(Marketwire - June 8, 2007) - First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) ("First Narrows" or the "Company") is pleased to report the Company's Board of Directors has approved a plan to promptly apply to the New Brunswick Department of Natural Resources and Energy for approval to partially refurbish the historical decline on the Company's 100% owned Chester copper-polymetallic Feeder Deposit, which is located in the southern part of the Bathurst Mining Camp in New Brunswick, Canada.

The decline, a gently inclined 3 meter by 5 meter diameter tunnel driven 470 meters into the Feeder Deposit by a previous operator in 1974-75, was used to provide access to a near surface portion of the Feeder Deposit.

The Company's underground activity will include:

1) Examination of the historical workings, engineering, geology, and mineralization;

2) Re-surveying of the decline to determine its precise location;

3) Establishing the level of flooding in the decline and sampling of the standing water for laboratory analysis.

These tasks are important components in the Company's ongoing efforts to prepare a mining plan and Environmental Impact Assessment for the Chester project.

About the Chester Feeder Deposit

Based primarily on the historical drilling results, the Chester Feeder Deposit is an east-west trending gently west plunging cigar-shaped mineralized structure within an alteration zone approximately 75 meters (246 ft.) or more in thickness and greater than 200 meters (656 ft.) in width. It extends west of the current area of drilling for more than 1 kilometer ( > 3,280 ft.). At the east end it lies close to surface and at its known western extent it is approximately 400 meters (1,320 ft.) below surface. The targets of the current resource estimate drilling program are one to three (or more) stacked, gently westerly inclined and northerly striking, sheet-like zones of higher-grade mineralization of variable thicknesses within the cigar-shaped feeder structure.

The Chester property is located in the southern part of the Bathurst Mining Camp approximately 53 kilometers (kms) west of Miramichi City, and 72 kms southwest of the city of Bathurst, New Brunswick.

QA/QC

Quality assurance and quality control (QA/QC) of the Chester NI 43-101 qualifying mineral resource estimate drilling, analytical and surveying programs are being monitored by independent consultants Robert Sim, P.Geo. and Bruce Davies. Earnest Brooks, P.Geo., is the Company's Qualified Person on the Chester Project. Mr. Brooks was formerly a Mine Geologist at the Patino Mines Copper Rand Mines Div. in Chibougamau, Quebec, and a mining operations geologist and exploration geologist at the BMS mines, Bathurst, from 1975 to 1990.

About First Narrows Resources Corp.:

First Narrows Resources Corp. (TSX-V: UNO) is a Canadian-based mineral exploration company whose corporate strategy is to develop overlooked and undervalued mineral properties that offer near-term production potential. The Company is rapidly moving its 100%-owned Chester Project in the Bathurst Mining Camp forward to NI 43-101 mineral resource estimate and conceptual mine design status. For more information visit: www.uno.ca

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter K. Gummer"

Peter K. Gummer, President

This press release may contain certain forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements may include statements regarding exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, mine operating costs, production targets and timetables, future commercial production, strategic plans, market price of precious metals or other statements that are not statements of fact. Although the Companies believe the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Various factors that may affect future results include, but are not limited to: fluctuations in market prices of precious metals; foreign currency exchange fluctuations; risks relating to mining exploration and development including reserve estimation and costs and timing of commercial production; requirements for additional financing; political and regulatory risks, and other risks and uncertainties described in the Companies' annual information forms filed with the Canadian Securities regulators on SEDAR (www.sedar.com). Accordingly, readers should not place undue reliance on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. We seek safe harbor.

Contact Information

  • For Corporate, Media, or Investor Communications contact:
    Greg Lytle
    Communications Manager
    First Narrows Resources Corp.
    N. America toll-free: (866) 285-5817
    Int'l. & Vancouver: (604) 839-6946
    Email: Email Contact

    First Narrows Resources Corp.
    Suite 402 - 1228 Hamilton Street
    Vancouver, BC Canada V6B 6L2
    Toll free: 866.285.5817
    Tel.: 604.677.5143
    Fax: 604.677.4702
    Website: http://www.uno.ca