Fortune River Resource Corp.

Fortune River Resource Corp.

February 28, 2008 12:26 ET

Fortune River Intersects Significant New Gold/Silver Zone at Wind Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) announced today that a significant new zone of gold and silver mineralization has been intersected at the Wind Mountain Au-Ag project in the Walker Lane gold trend in western Nevada. Four holes were completed for a total of 1,390 meters during a recent reverse circulation drilling program: three holes penetrated their intended targets and one hole was lost short due to drilling problems.

Hole WM08016 is located immediately west of the historic Wind Pit and intersected 20m averaging 1.2 g/t Au and 30.0 g/t Ag within a broader zone of 56m averaging 0.71 g/t Au and 20.7 g/t Ag, with true thicknesses estimated to be 15.3m and 34.6m, respectively (see attached Table). This new mineralized zone lies along the Wind Mountain fault at an elevation that is approximately 150m below the base of the Wind Pit, which is consistent with the Company's interpretation that the fault is an important "feeder" structure for the large halo of relatively low-grade gold and silver mineralization that was historically mined. Alteration in the new mineral zone includes strong silicification, with the strongest mineralization within and immediately above a hydrothermal breccia. A second hydrothermal breccia lies along the lower portion of the mineralized zone, but it contains lower grade than the upper hydrothermal breccia at that elevation.

The company plans to resume drilling in late March to offset holes down dip and along strike of WM08016. The new program will include 2500m in 6-8 reverse-circulation drill holes.

President Joe Kizis commented, "We believe the thick mineralized intercept in WM08016 confirms our interpretation that the Wind Mountain fault zone was a major feeder, or channelway, for gold mineralization. The grade of the 20m intercept in WM08016 is nearly twice the average grade of the previously mined (heap leach) deposit, which was 0.685 g/t Au. Mineral and precious metal zoning within the fault changes from barren calcite near surface to calcite + quartz with weakly anomalous Au and Ag at intermediate depths, to Au + Ag mineralized quartz with hydrothermal breccias at recently tested depths (see longitudinal section). Our next round of drilling will test deeper levels of the fault, where bonanza grades may occur. Our recent drilling is the deepest test of the Wind Mountain fault to date, which is only 275 m down dip of the surface exposure of the fault. The fault can be traced on surface for at least 3,400 m, so there is potential for significant tonnage both down dip and along strike."

Note: To view the Longitudinal Section associated with this release, please click the following link:

The other three holes provide further confirmation of the shallow in-place resource. In addition, hole WM08017 intersected a strand of the Wind Mountain fault south of the Breeze Open Pit, where rocks are broken and altered to clay, but preliminary gold assays indicate that it is unmineralized at that location.

Wind Mountain 2008 Drilling Program
Begin End True
Total inter- inter- Inter- Thick-
Drill Depth Orient- val val val ness Au Ag
Hole (m) ation (m) (m) (m) (m) (g/t) (g/t)
WM08014 463 -90 0 20 20 20 0.461 14.4

WM08015 128 -80, 110 27 41 14 13 0.460 pending

WM08016 372 -70, 090 189 245 56 35 0.710 21
including 200 219 20 15 1.19 30

WM08017 427 -70, 090 34 40 6 6 0.471 pending
1390 (meters)
Inspectorate Original, Duplicate collected at rig every 50' w/ assay by ALS

The company recently received a NI43-101 compliant resource estimate that includes a total Measured plus Indicated Resource for the project as 33.7 million tons above a cutoff grade of 0.0075 opt Au (0.257 g/t Au), with an average grade of 0.012 opt gold (0.411 g/t Au), containing 406,000 ounces of gold (See News Release dated January 8/08). The report also estimates an Inferred Resource of 9.8 million tons above a cutoff grade of 0.0075 opt Au, with an average grade of 0.009 opt Au (0.308 g/t Au), containing 92,000 ounces of gold. The report further states, "the inferred resource is enveloped by over 74 million tons of material averaging 0.006 opt Au (0.205 g/t Au for 444,000 ounces gold) that is not regarded as potentially economic at this time, but may become so in the future." Ore Reserves Engineering ("O.R.E.") and Donald E. Ranta, consulting geologist, prepared the resource model and compiled the technical report, which is available on SEDAR. Alan C. Noble, P.E. is the Principal Engineer of O.R.E. and is the Qualified Person for the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Mineral Projects.

Wind Mountain is being acquired via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines, Limited, and is one of the Fortune River's five low-sulfidation gold/silver properties being explored in the highly prospective Walker Lane Gold trend in northwestern Nevada.

About Fortune River Resource Corp.

Fortune River Resource Corp. is exploring for high-grade gold deposits within two prolific gold producing geologic provinces, Nevada and Ontario. The Wind Mountain, East Manhattan, Highland, Baxter, Mud Springs, and Buz projects are located in Nevada and the Drayton project is located in Ontario.

Joe Kizis Jr., (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release for Nevada properties.

On behalf of the Board,

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

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. We seek safe harbor.

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