SOURCE: FIRST NARROWS RESOURCES CORP.

January 29, 2008 11:29 ET

First Narrows' Latest Results Continue to Confirm High Grade Zones of the Chester Feeder Deposit Extend Down Dip to the West

Results Include 22 Meters (72.2 ft.) of 1.51% Copper in Hole 171 and 5.6 Meters (18 ft.) of 4.5% Copper in Hole 173

VANCOUVER, BC--(Marketwire - January 29, 2008) - First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) ("First Narrows" or the "Company") is pleased to provide the latest analytical results of the delineation drilling program recently completed on the eastern near-surface portion of the Chester Copper-Polymetallic Feeder Deposit. Analytical results of the 2006-2007 delineation drill holes will be included in an initial mineral resource estimation being prepared by an independent geological consultant in compliance with National Instrument 43-101 ("NI 43-101").

The results detailed below are from step-out holes of up to 40 meters that continue to confirm that the Feeder Deposit's high grade zones extend down dip to the west. A Site Plan showing drill hole collars, the portal and trace of the decline at depth, and the settling ponds proximal to the portal may be viewed on the Company's web site at www.uno.ca.

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HOLE C-07-171 Collar Coordinates - 5220065.3N, 710037.9E; UTM Grid, NAD83,
dip vertical
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                    Length                %                g/t
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           from/to(m)   (m)  (ft)   Cu    Zn    Pb    Bi    Ag   In
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         51.00to73.00  22.00 72.2  1.51  0.05  0.01   93   3.7  12.4

Includes 59.70to65.10   5.40 17.7  4.29  0.10  0.02  213  10.5  35.2

         80.20to94.00  13.80 45.3  0.85  0.03  0.01   43   1.3   4.9

Includes 84.20to88.20   4.00 13.1  1.43  0.04  0.01   78   2.3   7.0


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HOLE C-07-172 Collar Coordinates -- 5220050.2N, 710037.8E; UTM Grid, NAD83,
dip vertical
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                    Length                %                g/t
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           from/to(m)   (m)  (ft)   Cu    Zn    Pb    Bi    Ag   In
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         56.00to61.20   5.20 17.1  2.43  0.07  0.01  152   6.2  21.5

         83.00to89.00   6.00 19.7  0.91  0.03  0.01   78   1.8  10.7


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HOLE C-07-173 Collar Coordinates -- 5220050.2N, 710037.4E; UTM Grid, NAD83,
dip -73
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                    Length                %                g/t
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           from/to(m)   (m)  (ft)   Cu    Zn    Pb    Bi    Ag   In
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         71.00to76.60   5.60 18.4  4.48  0.11  0.02  278  11.6  25.4

         96.00to102.5   6.50 21.3  2.10  0.04  0.01  104   4.3  18.0


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HOLE C-07-174 Collar Coordinates -- 5220039.4N, 710037.7E; UTM Grid, NAD83,
dip vertical
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                    Length                %                g/t
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           from/to(m)   (m)  (ft)   Cu    Zn    Pb    Bi    Ag   In
---------------------------------------------------------------------
         56.50to63.50   7.00 23.0  1.75  0.06  0.01  224   3.9  11.9

Includes 58.50to62.50   4.00 13.1  2.45  0.08  0.01  310   5.4  17.0

         87.30to91.45   4.15 13.6  2.80  0.06  0.01  184   5.1  18.1

Includes 89.15to91.45   2.30  7.5  4.18  0.08  0.02  263   7.5  25.9


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HOLE C-07-175 Collar Coordinates -- 5220039.5N, 710037.1E; UTM Grid, NAD83,
» dip -73
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                    Length                %                g/t
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           from/to(m)   (m)  (ft)   Cu    Zn    Pb    Bi    Ag   In
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         66.85to69.85   3.00  9.8  2.97  0.09  0.01  202   6.1  20.1

         92.00to97.90   5.90 19.4  1.60  0.04  0.01   87   2.3  14.8
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A total of 14 drill holes from the Chester Feeder Zone remain to be reported. To review all the previously reported results from the initial resource delineation drilling program (December 20, 2007, October 19, 2007, September 24, 2007, August 30, 2007, August 23, 2007, July 12, 2007, June 20, 2007, April 25, 2007, April 5, 2007, March 1, 2007, February 8, 2007, January 24, 2007, January 17, 2007, and January 11, 2007) visit the Company's website at: www.uno.ca.

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 Mr. Robert Sim, P.Geo. and Mr. Bruce Davis. Mr. Earnest Brooks, P.Geo., is the Company's Qualified Person on the Chester Project.

The Chester resource estimate QA/QC program is set up to validate the data resulting from the drilling program. The analytical QA/QC program consists of the use of three types of "check" samples: standards, blanks, and duplicates. These check samples are for lab accuracy, contamination, and repeatability. The Company has also established standard practices that commence prior to drilling, and follow through to tasks at the drill rig, at the core logging facility, and finally at the sampling facility. It is at the sampling stage that the check samples are randomly inserted into the sequence of core samples. Ten (10) to 15% of all samples sent for analysis are QA/QC samples. Sample analysis is being carried out by Activation Laboratories Ltd. in Ancaster, Ontario. Samples are analyzed on a Varian Vista Pro ICP for Cu, Pb, Zn, and Ag using a method to which Activation Laboratories is accredited (ISO 17025 and CAN-P1579) by the Standards Council of Canada. Certified Canmet and OREAS Reference Standards are used as controls.

About the Chester Feeder Deposit

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 600 meters (2,625 ft.). At the east end it lies close to surface and at its known western extent it is approximately 400 meters (1,322 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.

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 harbor.

Contact Information

  • For Corporate, Media, or Investor Communications contact:
    Greg Lytle
    Communications Manager
    First Narrows Resources Corp.
    N. America toll-free: 1-866-285-5817
    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