April 18, 2007 18:30 ET

First Narrows Provides Corporate Update

VANCOUVER, BC -- (MARKET WIRE) -- April 18, 2007 -- First Narrows Resources Corp. (TSX-V: UNO) and (PINKSHEETS: FNRWF) ("First Narrows" or the "Company") is pleased to provide the following corporate update:

Vice-President of Corporate Development

The Company has appointed David Kobylnyk as its Vice President of Corporate Development, effective April 15, 2007. In this newly established position, Mr. Kobylnyk will report to the Company's President and its CFO, and will lead the transaction and compliance process for the Company's exploration projects, focusing initially on the Chester and Susana D'Oro projects. He will also maintain visibility in the industry and will assist in maintaining a network of Private Equity, Venture Capital, and industry contacts. Along with other members of the management team and Board, he will further be involved in enhancing the Company's internal infrastructure, and managing the Company's long-term growth initiatives, with a view to protecting and increasing shareholder value. Mr. Kobylnyk will also serve as the Company's in-house counsel.

Mr. Kobylnyk became a Director of the Company in September 2005 and will continue to serve on the Company's Board of Directors. Mr. Kobylnyk most recently worked for a major national law firm, where he served as legal counsel to a diverse clientele to whom he provided business-related advice and litigation services.

"I have known David for a number of years," said Peter Gummer, President of First Narrows. "He has a solid insight into business and core competencies and is quick to leverage his knowledge into key strategic and transactional activities. David acts with the highest level of integrity and professionalism, and I consider him to be a true steward of the Company's interests and assets."

Stock Options Granted

The Board of Directors of the Company has granted an aggregate 2,810,000 incentive stock options exercisable at a price of $0.50 for a period of five years to directors, officers, advisors and consultants. The options were granted in accordance with a stock option plan adopted and approved by the shareholders of the Company at the Annual General Meeting held on October 6, 2006.

The option grant will be filed with the TSX Venture Exchange. Any securities issued pursuant to the exercise of stock options will be subject to a four-month hold period from the date of the grant in accordance with securities regulation.

Chester Project Update

The 2007 phase of the mineral resource definition drill program continues on the Chester copper-polymetallic feeder deposit and further analytical results are pending and will be reported as they are received. To review the previously reported results (April 5, 2007, March 1, 2007, February 8, 2007, January 24, 2007, January 17, 2006, and January 11, 2006) visit:

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 copper-polymetallic mineralization within the feeder deposit varies from low to high grade with one to three (or more) stacked, gently westerly inclined and northerly striking, sheet-like internal zones of higher-grade mineralization of variable thicknesses.

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 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:

"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.

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:

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