Fortress Minerals Corp.

Fortress Minerals Corp.

June 11, 2008 10:14 ET

Fortress Minerals Corp.: Svetloye Gold Resource Tops 1 Million Ounces

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST) is pleased to announce the first resource estimate commissioned by the Company on the Svetloye gold project located in northeastern Russia. Resources were estimated for three of nine mineralized zones at the project, namely, Elena, Amy and Tamara. Total inferred resources at these three zones are estimated at greater than 1.1 million ounces of gold at a grade of 2.11 grams per tonne (g/t).

The resource estimate was completed on a block model for Elena and by sectional methods for Amy and Tamara. A table showing the tonnage and grade for the different zones is given below.

Mineral Resource Estimate for the Svetloye Project
(0.5 g/t Au Cut-off grade)

Deposit Category Tonnage(i) Grade (g/t) Oz(troy) Au
Elena Inferred 12,199,000 2.10 823,735
Amy Inferred 2,095,000 2.10 141,547
Tamara Inferred 1,929,000 2.22 137,421
Total 16,233,000 2.11 1,102,703
(i) Tonnes have been rounded to relative accuracy. Ounces of Au are
calculated based on unrounded values.

The resource zones are open to expansion and drilling is currently taking place on the property. Most of the mineralization occurs at surface on hill tops and approximately 70% of the above cut-off grade resource blocks occur within 50 metres of surface. Mineralization at the three zones occurs within an intense alteration system that covers an area of about 17 square kilometres within the project area.

Data for the resource estimate consisted of 123 drill-holes totalling 18,557 metres and containing more than 7,000 samples. With the exception of a single, very high-grade sample, the assays were not capped. The Elena block model consisted of 15 by 10 by 4 metres blocks and 2 metre composite samples were interpolated using inverse distance methods. Sectional estimates were performed by creating a boundary around the mineralized zone on section and estimating length-weighted grades from drill holes on the section and extending the section halfway to the next section. Mineralization was not projected more than 25 metres beyond the limits of drilling. The resource estimate was completed by Peter Holbek, M.Sc., P.Geo., of Viking GeoScience, North Vancouver, B.C., and independent qualified person. A 43-101 report will be posted on SEDAR and the Company's website within the next 45 days.

Fortress currently has a 100% interest in the project with Gazprombank holding an option to acquire a 51% interest.


Lukas H. Lundin, President and 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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