Fortune River Resource Corp.

Fortune River Resource Corp.

March 29, 2006 17:29 ET

Fortune River Closes $2.5 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2006) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FWB:RG7A) reported today that the company has now closed the previously reported $2.5 million non-brokered private placement (March 3/06 & March 16/06) of 4.0 million units at a price of $0.62. Each unit consists of one common share and one share purchase warrant exercisable for two years at $0.70. 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 July 30th, 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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