SOURCE: FIRST NARROWS RESOURCES CORP.

February 09, 2007 21:08 ET

First Narrows Terminates Option Agreements on Three New Brunswick Properties

Company's Focus Is the Development of the Chester and Susana D'Oro Projects That Offer the Potential of Near Term Production

VANCOUVER, BC -- (MARKET WIRE) -- February 9, 2007 -- First Narrows Resources Corp. (TSX-V: UNO) (the "Company") announces that it has terminated option agreements on three of its New Brunswick properties: Kagout, Roller, and Golden Ridge. Under the terms of the option agreements, the Company had the right to earn a 100% interest in both the Kagout and Roller properties, and a 50% interest in the Golden Ridge property. The Kagout and Roller properties were under option from local prospectors and the Golden Ridge property was under option from Freewest Resources Canada Inc.

Termination of the above-noted option agreements is in line with the Company's strategy of developing projects that offer the potential of near term production. First Narrows' current project development plans include: the Chester copper-polymetallic project, where a mineral resource estimate drilling program is under way; and the Susana D'Oro gold-copper project in the state of Sonora, Mexico. For information on the Chester and Susana projects, please visit: www.uno.ca

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

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: glytle@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