SOURCE: FIRST NARROWS RESOURCES CORP.

August 14, 2007 08:30 ET

First Narrows Discovers Gold-Silver Mineralization in Colluvium Chips Coincident With 4 km Long Pronounced ASTER Anomaly, Sonora, Mexico

9,795 Hectares (24,205 Acres) Staked to Cover ASTER Anomaly on Alluvial/Colluvial Plain 95 km East of Hermosillo

VANCOUVER, BC--(Marketwire - August 14, 2007) - First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) ("First Narrows" or the "Company") is pleased to announce that Minera FNR de Mexico, S.A. de C.V., First Narrows' wholly owned Mexican subsidiary, has staked 9,795 hectares (24,204 acres) (the "Tecoripa West Property," or, the "Property") covering a major, discrete, Fe-Oxide-silica-clay mineral alteration anomaly developed along an east-west strike of more than 4 kilometers (kms) (2.5 miles) as delineated by an ASTER (Advanced Spectrum Thermal Emission and Reflectance Radiometer) satellite image interpretation study.

Prospecting has located hematite and quartz vein chips in the colluvium directly coincident with the ASTER anomaly across a width of 100 meters (328 feet) or more. Assays of the hematite and quartz returned values of up to 0.73 ppm gold and 30 ppm silver. There is no record of previous exploration work on the ASTER anomaly.

The Property covers a larger Fe-Oxide-silica bloom that extends kms beyond the anomaly on an alluvial and colluvial plain where outcrop is scarce. Nevertheless, colluvial remnants of bedrock occur randomly across the plain providing the opportunity to prospect, map and sample various mineralizing events.

The Company will be preparing a mineral potential assessment and exploration proposal report on the Tecoripa West Property in accordance with National Instrument 43-101.

The Property is situated 24 km (15 miles) southwest of the historical high-grade Susana D'Oro copper-gold veins, and straddles the main paved highway between Hermosillo and Tecoripa.

Earnest Brooks, P.Geo., the Company's Qualified Person, has reviewed the contents of this news release.

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 has active projects in the Province of New Brunswick, Canada and in the State of Sonora, Mexico. The most advanced project is the 100%-owned Chester copper-polymetallic deposit in New Brunswick's Bathurst Mining Camp, which is rapidly moving 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

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

Contact Information

  • For Corporate, Media, or Investor Inquires contact:
    Greg Lytle
    Communications Manager
    First Narrows Resources Corp.
    Toll-free: (866) 285-5817
    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