Fortune River Resource Corp.
TSX VENTURE : FRX
FRANKFURT : RG7A

Fortune River Resource Corp.

November 14, 2006 09:00 ET

Fortune River Announces Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FWB:RG7A) reported today that the company has agreed to a private placement of up to 1.0 million flow-through shares at $0.46 per share for gross proceeds of $460,000. The proceeds of the financing will be used to advance the company's Drayton gold prospect in the Patricia Mining District, Ontario.

The new offering will be eligible for flow-through tax benefits that include a 100% deduction of exploration expenditures, plus a 15% Federal Tax Credit, plus a tax credit enhanced version of flow-through referred to as "The Ontario Focused Flow-Through Share Tax Credit" which provides eligible individual purchasers a refundable tax credit of five percent of eligible Ontario expenses.

Finders fees may be payable with regards to the financing with both being subject to requisite regulatory approval.

On behalf of the Board,

Joseph Anthony Kizis, Jr. President, Fortune River Resource Corp.

We seek safe harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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