SOURCE: FIRST NARROWS RESOURCES CORP.

October 19, 2007 11:21 ET

First Narrows Reports Latest Results From the Chester Definition Drilling Program

Latest Results Include 10.05% Combined Lead-Zinc Over 15.6 Meters (51 ft.) in Hole 137 and 5.28% Copper Over 7 Meters (23 ft.) in Hole 138

VANCOUVER, BC--(Marketwire - October 19, 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 has to date concentrated on close spaced drill holes in the upper nearer surface extent of the Feeder Deposit for the purpose of developing a measured and indicated resource estimate. The drilling pattern recently expanded to a 12.5 meter hole interval on a step-out 25 m line interval, stepping out to the west down dip along the Feeder Deposit for the purpose of developing an inferred and indicated resource.

Drilling 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. Copper feeder type mineralization extends further to the east in zones underlying and overlying the zinc-lead-silver mineralization. The up-dip vertical holes have the potential to delineate both copper feeder and zinc-lead-silver VMS sulfide zones.

The latest analytical results for 8 holes follow. Holes C-07-133 - 138 intersected zinc-lead-silver mineralization, and holes C-07-139 - 140 intersected copper-polymetallic mineralization.

HOLE C-07-133 Collar Coordinates - 5220000 N, 710322 E; UTM Grid, NAD83,
dip vertical
            Length                      %                g/t
-------- ------------- ---- ---- ----- ---- ---- ---- -- ---- ---
          from/to (m)  (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag  In
-------- ------------- ---- ---- ----- ---- ---- ---- -- ---- ---
         3.15 to 11.00 7.85 25.8 5.36  0.28 3.80 1.56 38 17.0 4.3
includes 3.15 to 9.10  5.95 19.5 6.73  0.33 4.70 2.03 45 21.3 5.1


HOLE C-07-134 Collar Coordinates - 5219987 N, 710322 E; UTM Grid, NAD83,
dip vertical
from/to (m)  (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag   In
------------ ---- ---- ----- ---- ---- ---- --- ---- ----
4.20 to 8.00 3.80 12.5 7.03  0.27 5.15 1.88 109 18.2 11.6


HOLE C-07-135 Collar Coordinates - 5219986 N, 710312 E; UTM Grid, NAD83,
dip vertical
            Length                      %                g/t
-------- ------------- ---- ---- ----- ---- ---- ---- -- ---- ----
          from/to (m)  (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag   In
-------- ------------- ---- ---- ----- ---- ---- ---- -- ---- ----
         5.05 to 13.60 8.55 28.1 7.91  0.40 5.53 2.38 59 16.0 9.7
includes 5.05 to 9.00  3.95 13.0 15.29 0.40 10.5 4.79 57 24.8 13.8

HOLE C-07-136 Collar Coordinates - 5219986 N, 710299 E; UTM Grid, NAD83,
dip vertical
          from/to (m)   (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag  In
-------- ------------- ----- ---- ----- ---- ---- ---- --- ---- ---
         4.90 to 15.50 10.60 34.8 8.26  0.39 5.43 2.83 160 28.7 8.0
includes 6.40 to 11.00 4.60  15.1 14.09 0.56 8.68 5.41 50  45.4 3.0

HOLE C-07-137 Collar Coordinates - 5219988 N, 710288 E; UTM Grid, NAD83,
dip vertical

          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag  In
-------- -------------- ----- ---- ----- ---- ---- ---- --- ---- ---
         7.00 to 18.20  11.20 36.7 8.46  0.38 5.79 2.67 103 33.5 5.8
includes 11.00 to 15.00 4.00  13.1 11.44 0.18 7.88 3.56 32  48.3 8.2

HOLE C-07-138 Collar Coordinates - 5219985 N, 710277 E; UTM Grid, NAD83,
dip vertical
          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag  In
-------- -------------- ----- ---- ----- ---- ---- ---- --- ---- ---
         7.00 to 22.60  15.60 51.2 10.05 0.51 7.30 2.75 107 32.3 9.6
includes 17.00 to 21.00 4.00  13.1 14.42 0.25 9.78 4.64 28  28.5 7.3

HOLE C-07-139 Collar Coordinates - 5220064 N, 710064 E; UTM Grid, NAD83,
dip vertical

          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi   Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- ---- ----
         53.45 to 64.35 10.90 35.8 0.08  3.63 0.06 0.02 266 7.4  23.7
includes 53.45 to 60.45 7.00  23.0 0.10  5.28 0.08 0.02 375 10.6 34.3
         80.10 to 87.00 6.90  22.5 0.06  2.38 0.05 0.01 182 4.8  12.7
includes 80.10 to 84.20 4.10  13.5 0.07  3.20 0.06 0.01 222 6.5  17.1

HOLE C-07-140 Collar Coordinates - 5220050 N, 710063 E; UTM Grid, NAD83,
dip vertical
          from/to (m)    (m)  (ft) Pb+Zn  Cu   Zn   Pb  Bi  Ag   In
-------- -------------- ----- ---- ----- ---- ---- ---- --- --- ----
         48.60 to 58.60 10.00 32.8 0.09  2.42 0.07 0.02 169 5.4 15.6
includes 50.60 to 56.80 6.20  20.3 0.08  3.20 0.06 0.02 216 7.0 18.8
         83.00 to 93.47 10.47 34.4 0.05  1.41 0.04 0.01 82  2.8 11.1
includes 85.95 to 88.35 2.40  7.9  0.08  2.83 0.07 0.01 141 5.4 24.4

Analytical results are currently outstanding for 40+ drill holes. To review all the previously reported results from the resource drilling program (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, 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.

Metallurgical Program

Four drill holes were recently completed on the Feeder Deposit to produce a 170 kg sample of copper-polymetallic mineralization, which is being used for a final closed circuit metallurgical investigation. The results will lead to the development of the final metallurgical flow sheet for the production of copper and polymetallic concentrates.

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 of Norwest Corp. 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:
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    First Narrows Resources Corp.
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    First Narrows Resources Corp.
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    Tel.: 604.677.5143
    Fax: 604.677.4702
    Website: http://www.uno.ca