Fortune River Resource Corp.

Fortune River Resource Corp.

December 22, 2006 14:25 ET

Fortune River Closes Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 22, 2006) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FWB:RG7A) reported today that the company has now closed the previously reported $460,000 non-brokered flow-through private placement (November 14/06) of 1.0 million common shares at a price of $0.46. All the common shares issued pursuant to this offering, including warrants issued as finders fees, carry a legend restricting the shares from trading for a period of four months to April 20th, 2007.

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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