Fortune River Resource Corp.

Fortune River Resource Corp.

January 30, 2006 15:59 ET

Fortune River Closes $1.0 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2006) - Fortune River Resource Corp. (TSX VENTURE:FRX) reported today that the company has now closed the previously reported $1.0 million non-brokered private placement (January 6th, 2006) of 4.0 million common shares at a price of $0.25. All the common shares issued pursuant to this unit offering, including share purchase warrants and units issued as finders fees, carry a legend restricting the shares from trading for a period of four months to May 28th, 2006.

On behalf of the Board,

Joseph A. 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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