Fortress Minerals Corp.

Fortress Minerals Corp.

August 15, 2008 17:22 ET

Fortress Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2008) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST) reports that an insider of the Company has agreed to provide a loan to Fortress in the amount of Cdn $4 million at an interest rate of prime plus 2% for short term working capital purposes. As a condition of the loan, the lender will receive a bonus payment of 1,052,631 shares of Fortress, subject to regulatory approval. These shares will be subject to a four month and one day hold period.

The loan has an initial term of 6 months and may be re-paid in part or full at anytime without penalty.


Lukas Lundin, President & CEO

This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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