SOURCE: FIRST NARROWS RESOURCES CORP.

September 24, 2007 10:56 ET

First Narrows Reports Latest Results From the Chester Definition Drilling Program

Latest Results Include 4.0% Copper Over 13.85 Meters (45.4 ft.) in Hole 128, and 10.5% Combined Lead-Zinc Over 8.0 Meters (26.2 ft.) in Hole 131

VANCOUVER, BC--(Marketwire - September 24, 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.

The resource drilling program is tracing the copper Feeder Deposit down-dip to the west and up-dip to the east, and the Deposit remains open in both directions. To the east (up-dip), at least one of several stacked high grade copper stringer zones vents into a gently inclined, zinc-lead-silver, volcanogenic massive sulphide (VMS) zone. At the interface of the copper stringer-VMS facies, a substantial increase in the copper grade and a blending of the copper and zinc-lead-silver mineralization occurs. While these extensions of the copper mineralization continue to increase the resource potential of the Feeder Deposit, the up-dip vertical holes are also delineating the resource potential of the over-lying, nearer-surface, zinc-lead-silver zone (see holes C-07-123, -126, -130 below). Additional drill holes have been drilled up-dip, intersecting both copper feeder and zinc-lead-silver VMS sulfide zones.

The latest analytical results for 9 holes follow:

-***-

HOLE C-07-120 Collar Coordinates -- 5219901.0 N, 710204.5 E; UTM Grid,
 NAD83, dip vertical

                Length                    %                 g/t
-------- ----- -------- ----- ---- ----- ---- ---- ---- --- --- ----
          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- --- ----
         15.75 to 32.00 16.25 53.3 0.35  1.72 0.31 0.04 179 5.1 8.2
includes 21.85 to 24.45 2.60  8.5  1.22  2.72 1.13 0.09 464 7.4 15.7

HOLE C-07-121 Collar Coordinates -- 5219907.2 N, 710205.5 E; UTM Grid,
 NAD83, dip vertical

          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- --- ----
         22.90 to 36.70 13.80 45.3 1.00  2.38 0.95 0.05 229 7.1 10.3
includes 31.45 to 36.70 5.25  17.2 0.11  3.07 0.09 0.02 187 8.1  9.6

HOLE C-07-122 Collar Coordinates -- 5219913.4 N, 710205.5 E; UTM Grid,
 NAD83, dip vertical

                Length                    %                 g/t
-------- ----- -------- ----- ---- ----- ---- ---- ---- --- ---- ----
          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- ---- ----
         21.50 to 38.64 17.14 56.2 1.65  1.78 1.45 0.20 207 9.8  9.0
includes 26.00 to 32.62 6.62  21.7 3.75  1.14 3.33 0.42 221 15.0 9.2
includes 33.94 to 38.64 4.70  15.4 0.18  2.68 0.16 0.02 238 7.0  11.3

HOLE C-07-126 Collar Coordinates -- 5219938.2N, 710206.2 E; UTM Grid,
 NAD83, dip vertical

          from/to (m)   (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag   In
-------- -------------- ---- ---- ----- ---- ---- ---- --- ---- ----
         18.80 to 27.00 8.20 26.9 7.21  1.04 4.40 1.79 99  11.3 6.8
includes 21.00 to 25.00 4.00 13.1 10.53 0.38 7.42 3.11 68  13.7 6.6
         41.00 to 52.66 8.46 27.8 0.09  2.02 0.08 0.01 100 5.8  10.9
includes 46.24 to 52.66 3.22 10.6 0.13  3.51 0.11 0.02 78  10.0 17.0

HOLE C-07-127 Collar Coordinates -- 5219932.4 N, 710205.6 E; UTM Grid,
 NAD83, dip vertical

           from/to (m)     (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag  In
-------- ----- -------- ----- ---- ----- ---- ---- ---- --- ---- ----
         20.00 to 30.00  10.00 32.8 3.96  1.00 3.10 0.86 104 8.0 7.8

HOLE C-07-128 Collar Coordinates -- 5219905.2 N, 710181.1 E; UTM Grid,
 NAD83, dip vertical

          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- ---- ----
         12.80 to 26.65 13.85 45.4 0.69  4.01 0.63 0.06 360 12.4 17.0
includes 20.60 to 25.65 5.05  16.6 1.53  5.98 1.43 0.10 516 18.6 18.6

HOLE C-07-129 Collar Coordinates -- 5219936.0 N, 710100.4 E; UTM Grid,
 NAD83, dip vertical

         from/to (m)   (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi Ag  In
-------- ----- -------- ----- ---- ----- ---- ---- ---- --- ----
         9.30 to 16.80 7.50 24.6 0.07  0.37 0.04 0.03 24 0.8 1.7

HOLE C-07-130 Collar Coordinates -- 5219997.5 N, 710285.2 E; UTM Grid,
 NAD83, dip vertical

          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- -- ---- ----
         8.20 to 19.50  11.30 37.1 8.12  0.35 5.64 2.48 37 27.1 7.4
includes 14.00 to 19.00 5.00  16.4 11.81 0.30 8.46 3.35 43 30.9 12.5
         49.80 to 56.00 6.20  20.3 0.03  1.18 0.03 0.01 37 2.5  6.8
includes 49.80 to 53.00 3.20  10.5 0.04  1.92 0.04 0.01 53 4.1  11.2

HOLE C-07-131 Collar Coordinates -- 5219997.8 N, 710297.7 E; UTM Grid,
 NAD83, dip vertical

          from/to (m)   (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag  In
-------- -------------- ---- ---- ----- ---- ---- ---- -- ---- ---
         10.60 to 18.60 8.00 26.2 10.49 0.39 7.04 3.45 51 35.3 7.2
includes 14.00 to 17.60 3.60 11.8 12.76 0.38 8.44 4.32 48 36.0 6.5
-****-

Analytical results are currently outstanding for 48 drill holes. Holes C-07-123 to -125 inclusive were reported in the previous news release. To review all the previously reported results from the resource drilling program (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, 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

  • 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

    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