SOURCE: FIRST NARROWS RESOURCES CORP.

August 30, 2007 11:41 ET

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

Latest Results Include 5.39 % Copper Over 8.3 Meters (27.2 Ft.) in Hole 112, and 10.19 % Combined Lead-Zinc Over 10.33 Meters (33.9 Ft.) in Hole 132

VANCOUVER, BC--(Marketwire - August 30, 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 National Instrument 43-101 ("NI 43-101") qualifying mineral resource definition drilling program in progress on its Chester Copper-Polymetallic Feeder Deposit. To date, a total of 10,215 meters have been completed in the definition drilling program. The latest analytical results for 15 holes follow:

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HOLE C-07-102 Collar Coordinates - 5219987 N, 710074.8 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
                 Length                              %                 g/t
---------------------------------------------------------------------------
           to/from (m)   (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         29.00 to 50.00 21.00   68.9    1.02  0.05   0.02    99   2.7   6.3
includes 33.85 to 37.20  3.35   11.0    4.42  0.10   0.02   359  10.7  25.9


HOLE C-07-105 Collar Coordinates - 5220011 N, 710087 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         13.50 to 52.18  38.68  126.9   1.22   0.06  0.02   107   3.8   6.9
includes 21.40 to 26.70   5.30   17.4   5.44  0.228  0.065  476  19.4  25.1
    "    22.20 to 26.70   4.50   14.8   6.10   0.25  0.07   543  21.7  29.0
    "    42.55 to 46.10   3.55   11.6  2.340  0.057  0.014  223   5.3  20.1
         71.80 to 79.30   7.50   24.6  1.040  0.033  0.009  56    1.9   6.5


HOLE C-07-107 Collar Coordinates - 5220042.6 N, 710088.2 E; UTM Grid,
NAD83, dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         38.15 to 61.60  23.45   76.9   0.72   0.03  0.01    54   1.4   6.0
includes 47.15 to 51.60   33.5   11.6   3.36   0.07  0.02   208   7.0  27.4
         71.60 to 88.45  16.85   76.9   0.89   0.03  0.01    62   1.7   6.6
includes 75.70 to 82.50   6.80   22.3   1.65   0.05  0.01    91   2.9  12.2


HOLE C-07-108 Collar Coordinates - 5220050.7N, 710088.6 E; UTM Grid, NAD83,
dip vertical
Length
---------------------------------------------------------------------------
       Length                              %                 g/t
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         47.00 to 54.90  7.90    25.9   2.57   0.05   0.02  232   5.5  16.8
includes 48.60 to 52.80  4.20    13.8   3.99   0.07   0.02  373   8.5  24.3
         77.60 to 84.60  7.00    23.0   1.90   0.05   0.01  134   4.3  13.2
includes 77.60 to 80.60  3.00     9.8   2.71   0.06   0.01  206   5.9  18.5


HOLE C-07-109 Collar Coordinates - 5219985.0 N, 710086.0 E; UTM Grid,
NAD83, dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         29.00 to 41.30  12.30   40.4   1.89   0.12   0.02   117  4.5  10.8
includes 32.00 to 36.80   4.80   15.7   3.18   0.16   0.02   195  7.1  16.8


HOLE C-07-110 Collar Coordinates - 5219973.5 N, 710100.3 E; UTM Grid,
NAD83, dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         29.00 to 35.00  6.00    19.7   2.45   0.07  0.02    256  6.1  16.1
includes 33.40 to 35.00  1.60     5.2   5.38   0.13  0.04    621 13.5  39.3


HOLE C-07-111 Collar Coordinates - 5219964.5 N, 710111.6 E; UTM Grid,
NAD83, dip vertical
---------------------------------------------------------------------------
            to/from (m)   (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
          20.00 to 32.00 12.00   39.4   1.79   0.05  0.01    103   4.3  7.9
includes  23.00 to 29.60  6.60   21.7   2.55   0.06  0.01    139   6.2 11.1
       "  27.10 to 29.60  2.50    8.2   4.79   0.09  0.02    260  11.1 17.3
          56.40 to 60.30  3.90   12.8   2.09   0.05  0.01    121  4.3  10.0


HOLE C-07-112 Collar Coordinates - 5219952.2 N, 710136.1 E; UTM Grid,
NAD83, dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         42.70 to 51.00  8.30    27.2    5.39  0.03  0.02   303  12.4  18.4
includes 42.70 to 47.00  4.30    14.1    8.12  0.03  0.03   429  18.0  28.4


HOLE C-07-114 Collar Coordinates - 5219997.8 N, 710086.6 E; UTM Grid,
NAD83,dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         34.30 to 45.20 10.90    35.8   1.67   0.04   0.01   99   3.5   9.8
includes 34.30 to 40.30  6.00    19.7   2.17   0.05   0.01  102   4.6  13.0


HOLE C-07-118 Collar Coordinates - 5219888 N, 710205 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
            Length                              %                 g/t
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
          9.17 to 22.85  13.68   44.9   1.03   0.06  0.01    77   3.4   5.2
includes 10.30 to 6.00    5.70   18.7   1.95   0.10  0.02   136   6.6  10.0


HOLE C-07-119 Collar Coordinates - 5219895 N, 710205.0 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         15.15 to 26.70  11.55   37.9    2.70  0.21   0.03  225   9.0  13.5
includes 15.65 to 25.10   9.45   31.0    3.00  0.24   0.03  247   9.7  15.2


HOLE C-07-123 Collar Coordinates - 5219919 N, 710206.0 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
            to/from (m)   (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
           6.70 to 45.30 38.60  126.6   1.19   1.34  0.24   135    8.8  7.3
including 27.00 to 35.00  8.00   26.2   0.85   5.30  0.72   245   19.7 10.6


HOLE C-07-124 Collar Coordinates - 5219926 N, 710206 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         19.50 to 36.00  16.50   54.1   1.72   2.78  0.50   176  10.7  11.2
includes 19.50 to 22.00   2.50    8.2   6.08   0.34  0.06   207  12.0  23.8
   "     22.00 to 27.00   5.00   16.4   0.81   6.71  1.02   109  10.9  14.6
         36.00 to 51.60  15.60   53.8   1.14   0.10  0.04   104   4.6   4.8
includes 42.80 to 46.50   3.70   12.1   2.61   0.11  0.03   173   7.1  10.6


HOLE C-07-125 Collar Coordinates - 5219951 N, 710207 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         19.00 to 29.00  10.00   32.8   0.49   4.64  1.29   112  14.4  13.4
includes 22.00 to 27.00   5.00   16.4   0.33   5.63  1.79    81  15.1  13.8


HOLE C-07-132 Collar Coordinates - 5219999 N, 710308 E; UTM Grid, NAD83,
dip vertical
---------------------------------------------------------------------------
           to/from (m)    (m)    (ft)    Cu     Zn    Pb     Bi    Ag    In
---------------------------------------------------------------------------
         3.00 to 13.33  10.33   33.9    0.21   6.56  3.64   26.9  27.9  5.3
includes 5.40 to 13.33   7.93   26.0    0.24   8.51  3.95   35.1  36.4  6.9

-****-

Holes C-07-113 and 115 through 117 were abandoned short of their targeted depths due to technical reasons.

Analytical results are currently outstanding for 46 drill holes, including holes C-07-120 through -122 and -126 through -131 from the Chester mineral resource definition drill program.

To review the previously reported results (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, 2006, and January 11, 2006) visit: www.uno.ca. 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 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 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 in Bathurst from 1975 to 1990.

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 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. 10 to 15% of all samples sent for analysis are QA/QC samples.

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 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: (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