Fortress Minerals Corp.
TSX VENTURE : FST

Fortress Minerals Corp.

July 28, 2009 08:54 ET

Fortress Intercepts 60.8 Meters Grading 2.62 g/t Gold and 12.4 Meters Grading 11.88 g/t Gold (Uncut) at the Amy Prospect, Svetloye Project Russia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2009) - Fortress Minerals Corp. ("Fortress") (TSX VENTURE:FST) is pleased to announce results from the latest six diamond drill holes at the Amy Prospect, Svetloye Project Russia. All drill holes intercepted gold mineralization. Drill results include hole PDSC-252, which intercepted 60.8 meters (from 14.4 to 75.2 meters) grading 2.62 g/t gold, 85.3 metres (from 91.7 to 177.0 metres) grading 0.37 g/t gold, and bottomed in 12.4 meters (from 211.6 to 224 meters) grading (uncut) 11.88 g/t gold and a cut grade of 4.77 g/t gold (reducing assays in excess of 30 g/t to 30 g/t); and hole PDSC-247, which intercepted 73 meters (from 18 to 91 meters) grading 1.51 g/t gold. Please see attached map. All results received thus far in 2009 at the Amy Prospect are listed in the table below:



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2009 Amy Drill Results
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Gold Silver
TD From To Width grade grade
Hole (m) (m) (m) (m) (g/t) (g/t)
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PDSC-247 220.0 18.0 91.0 73.0 1.51 1.5
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Including 18.0 27.2 9.2 5.00 6.3
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Including 81.4 88.6 7.2 3.55 1.8
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PDSC-248 226.7 0.3 68.5 68.2 0.49 less than 1
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Including 45.2 52.3 7.1 0.99 less than 1
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Including 59.5 68.5 9.0 1.96 less than 1
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PDSC-249 224.0 16.6 168.7 152.1 0.52 less than 1
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Including 97.1 110.6 13.5 1.40 1.1
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Including 117.4 122.0 4.6 4.10 1.7
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PDSC-250 233.0 2.3 12.5 10.2 0.77 1.6
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And 79.7 84.2 4.5 1.35 1.4
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And 112.4 128.8 16.4 1.06 1.4
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And 151.6 154.0 2.4 29.60 80.4
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And 202.5 206.9 4.4 0.90 less than 1
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PDSC-251 245.0 16.3 23.0 6.7 0.88 less than 1
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And 42.6 60.1 17.5 0.90 less than 1
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Including 44.6 51.4 6.8 1.74 less than 1
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And 79.0 83.8 4.8 0.60 less than 1
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PDSC-252 224.0 14.4 75.2 60.8 2.62 approx. 1
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Including 36.2 45.8 9.6 8.56 1.7
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Including 50.0 68.5 18.5 3.37 1.6
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And 91.7 177.0 85.3 0.37 less than 1
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And 211.6 224.0 12.4 4.77(i) 82.1
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Including 211.6 216.9 5.3 10.36(i) 191.4
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Previously released holes:
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PDSC-242 220.6 2.5 19.6 17.1 0.70 2.9
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And 72.7 82.9 10.2 1.40 1.4
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And 98.0 106.2 8.2 0.54 2.2
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PDSC-243 219.4 20.4 60.4 40.0 3.68 8.0
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Including 20.4 38.6 18.2 3.70 5.5
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Including 48.4 56.3 7.9 9.57 25.8
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And 141.3 150.2 8.9 0.84 less than 1
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PDSC-244 220.5 6.2 36.2 30.0 1.54 3.5
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Including 23.2 34.2 11.0 3.02 8.1
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And 42.8 142.2 99.4 1.03 less than 1
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Including 82.3 104.1 21.8 1.53 2.0
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Including 116.0 120.8 4.8 4.81 1.7
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And 205.0 220.5 15.5 1.45 less than 1
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PDSC-245 230.3 43.6 63.4 19.8 2.15 less than 1
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Including 43.6 45.7 2.1 17.10 18.2
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PDSC-246 240.0 36.3 45.3 9.0 1.02 2.8
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(i) values greater than 30 g/t Au have been cut to 30 g/t
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Note: All intercepts are core length and do not represent true widths of
mineralization. Cut-off grade for the intercepts vary to illustrate
general zones of mineralization within holes, and a 30 g/t cap grade is
used.
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Prior to the current drilling program, Fortress announced inferred resources at the Amy Prospect totalling 5.975 million tonnes averaging 2.43 g/t gold, containing 467,000 ounces of gold. This resource is based on a 10 g/t capped gold grade. This brought the total inferred resources at Svetloye, including Elena, Amy and Tamara to 20.103 million tonnes grading 2.21 g/t gold containing 1.428 million ounces of gold (see Press Release dated April 23, 2009 for complete details).

The Svetloye Project consists of nine prospects that occur over a linear distance of eight kilometres. Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress owns a 100% interest in the Svetloye Project.

Mr. Lukas Lundin, President and CEO of Fortress Minerals, commented, "We are very pleased with the latest results which have significantly extended the Amy gold deposit. The drilling to date has consistently expanded the known gold mineralization and we have high expectations for the remainder of the 2009 drilling programs at the Amy, Tamara, and Elena prospects which will also include reconnaissance drilling of covered geophysical targets between these areas. We anticipate an updated resource estimate upon completion of the work program and look forward to continued success as we begin to unveil the full potential of the Svetloye asset."

James C. Ashleman, Chief Geologist, P. Geo., and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.

ON BEHALF OF THE BOARD

Lukas H. Lundin, President and CEO

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/090728-Map.jpg

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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