SOURCE: FIRST NARROWS RESOURCES CORP.

August 23, 2007 10:55 ET

First Narrows Reports Latest Analytical Results From Chester Resource Definition Drilling Program

Latest Results Include 11.1 Meters (36.4 Ft.) of 2.72 % Copper

VANCOUVER, BC--(Marketwire - August 23, 2007) - First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) ("First Narrows" or the "Company") is pleased to provide the latest analytical results from the mineral resource definition drilling program in progress on its Chester Copper-Polymetallic Feeder Deposit. Analytical results for 17 drill holes follow:

-***-

HOLE C-07-084 Collar Coordinates - 5220086 N, 710100 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
           Length                             %                 g/t
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      43.55 to 52.52   8.97   29.4   2.66   0.06   0.02   321   6.1   23.1
includes
      48.19 to 52.52   4.33   14.2   2.06   0.05   0.02   235   4.8   12.2
      75.03 to 81.90   6.87   22.5   1.64   0.04   0.01   108   3.7   10.5

HOLE C-07-085 Collar Coordinates - 5220037 N, 710100.3 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      41.29 to 48.00   5.76   18.9   2.01   0.05   0.01   157   4.7   19.0
      70.86 to 80.46   9.60   31.5   0.95   0.03   0.01    82   1.9    8.3

HOLE C-07-086 Collar Coordinates - 5220026 N, 710099.7 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      19.18 to 21.65   2.47    8.1   3.41   0.29   0.06  180.5 12.1   15.4
      40.41 to 45.55   5.14   16.7   1.64   0.05   0.01  132.3  3.6   14.3


HOLE C-07-087 Collar Coordinates - 5220011.9 N, 710099.9 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      36.70 to 42.16   5.46   17.9   1.14   0.03  0.01    141   2.7    9.8
      44.80 to 51.60   6.80   22.3   1.34   0.04  0.01    125   2.8    8.8

HOLE C-07-088 Collar Coordinates - 5219999.3 N, 710100.5 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
           Length                             %                 g/t
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      33.00 to 42.00   9.00   29.5   1.41   0.07  0.01    139   3.4   12.7
includes
      34.00 to 39.00   5.00   16.4   1.81   0.08  0.01    173   4.4   17.3


HOLE C-07-089 Collar Coordinates - 5219999.7 N, 710112.2 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      27.60 to 35.50   7.90   25.9   0.77   0.04   0.01    94    1.8   7.2
      45.00 to 66.60  21.60   70.9   0.44   0.02   0.01    43    1.0   2.6


HOLE C-07-091 Collar Coordinates - 5219986.6 N, 710100.3 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      26.00 to 37.25  11.25   36.9   1.22   0.04  0.01    142   2.8  10.1
includes
      29.00 to 35.30   6.30   20.7   1.66   0.06  0.02    201   3.9  13.9
      40.00 to 44.00   4.60   15.1   0.78   0.03  0.01     17   1.4   4.2


HOLE C-07-095 Collar Coordinates - 5220075 N, 710088 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      47.65 to 55.80   8.15   26.7   2.41   0.05  0.01    188    5.2  18.1
Includes
      47.65 to 50.60   2.95    9.7   4.05   0.08  0.01    306    8.6  28.2
      68.00 to 71.55   3.55   11.6   1.45   0.09  0.01     94    2.6  10.0
Includes
      68.95 to 70.65   1.70    5.6   2.31   0.06  0.01    136    3.6  14.7


HOLE C-07-096 Collar Coordinates - 5220068.5 N, 710087.5 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      47.60 to 54.00   6.40   21.0   3.29   0.07  0.02    317   6.5   23.0
      74.35 to 83.00   8.65   28.4   3.01   0.08  0.01    268   6.0   17.3
includes
      75.85 to 79.30   3.45   11.3   4.72   0.11 0.01     454   8.7   24.3


HOLE C-07-097 Collar Coordinates - 5220024 N, 710087.4 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------

      43.90 to 55.75  11.85   38.9   1.18   0.06   0.01   236   4.4   16.6
includes
      43.90 to 47.00   3.10   10.2   2.83   0.09   0.01   320   6.2   23.5


HOLE C-07-098 Collar Coordinates - 5220075.8 N, 710072.6 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
           Length                             %                 g/t
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      54.40 to 60.55   6.15   20.2   2.17   0.05  0.01    169   4.7   14.8
includes
      54.40 to 57.90   3.50   11.5   2.97   0.07  0.01    244   6.2   18.6


HOLE C-07-099 Collar Coordinates - 5220048.9 N, 710075.4 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      80.50 to 87.17   6.67   21.9   1.75   0.05   0.01   107   3.2   13.6
including
      84.00 to 87.17   3.17   10.4   3.00   0.08   0.01   148   5.6   23.6
     101.20 to 118.5   9.82   32.2   1.46   0.05   0.01    67   3.9    9.5
including
     101.20 to 103.00  1.80    5.9   5.44   0.15   0.03   124  15.4   27.1


HOLE C-07-100 Collar Coordinates - 5220036 N, 710075 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      42.85 to 54.50  11.65   38.2   1.24   0.03  0.01    130   2.9    8.7
includes
      47.00 to 51.40   4.40   14.4   2.84   0.06  0.02    262   6.4   18.7
      72.50 to 87.00  14.50   47.6   1.12   0.03  0.01    111   2.2    9.7
includes
      77.20 to 82.90   5.70   18.7   2.28   0.05  0.01    200   4.5   19.5


HOLE C-07-101 Collar Coordinates - 5220024 N, 710073 E; UTM Grid, NAD83,
dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      40.20 to 53.50  13.30   43.6   1.15   0.05  0.01    115   2.8   11.2
includes
      46.55 to 50.40   3.85   12.6   2.17   0.07  0.01    269   5.2   24.3


HOLE C-07-103 Collar Coordinates - 5220012.7 N, 710073.7 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      35.85 to 56.00  20.15   66.1   1.07   0.04   0.01    76   2.4    7.2
includes
      46.00 to 52.40   6.40   21.0   2.01   0.06   0.02   165   4.4   12.2


HOLE C-07-104 Collar Coordinates - 5219998.7 N, 710074.8 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      39.00 to 43.20   4.20   13.8   3.58   0.12  0.01    229   7.9   25.5


HOLE C-07-106 Collar Coordinates - 5220063.2 N, 710076.2 E; UTM Grid,
NAD83, dip vertical
--------------------------------------------------------------------------
           Length                             %                 g/t
--------------------------------------------------------------------------
            (m)        (m)    (ft)    Cu     Zn    Pb      Bi    Ag    In
--------------------------------------------------------------------------
      50.00 to 58.60   8.60   28.2   2.13   0.05  0.01    196   4.6   18.1
includes
      52.00 to 57.25   5.25   17.2   3.04   0.06  0.02    280   6.6   26.0
      76.70 to 87.80  11.10   36.4   2.72   0.06  0.02    175   8.4   17.1
includes
      79.00 to 86.00   7.00   23.0   3.44   0.07  0.01    191   9.7   20.4

-****-

As previously reported, holes C-07-090, -092, -093, -094 were abandoned short of their targeted depths due to technical reasons.

Analytical results are currently outstanding for 51 drill holes, including holes C-07-102, -105, from the Chester mineral resource definition drill program.

To review the previously reported results (July 12, 2007, June 20, 2007, April 25, 2007, April 5, 2007, March 1, 2007, February 8, 2007, January 24, 2007, January 17, 2006, and January 11, 2006) visit: www.uno.ca.

"We are very pleased with the progression of the Chester Feeder Deposit development program," said Peter Gummer, President of First Narrows.

"Completion of the initial resource estimate remains on track for the fall. Evaluation of potential sites for the mine/mill infrastructure continues, and we are finalizing plans to refurbish the decline to the depth of the water table. The environmental flora and fauna studies are expected to be complete by the end of August, and surface water quality studies continue on a monthly monitoring schedule. Overall, the Chester program is on schedule and results and progress to date look most promising for completing the feasibility study and environmental impact assessment before June 2008."

Sample analysis is being carried out by Activation Laboratories Ltd. in Ancaster, Ontario. Samples were 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 Reference Standards and OREAS reference standards are used as controls. Quality Assurance also includes the analysis of blanks, pulp duplicates and preparation duplicates.

QA/QC

Quality assurance and quality control (QA/QC) of the Chester National Instrument 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 Davies. Mr. 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 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 800 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 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

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