Fortune River Resource Corp.

Fortune River Resource Corp.

April 22, 2008 12:28 ET

Fortune River Raises $2.1 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) reported today that the company has filed with the TSX Venture Exchange documentation related to a previously announced (Mar.7/08) non-brokered private placement which has been fully subscribed with gross proceeds of C$2,106,300.

The company said it has received subscriptions for 6,018,000 units at a price of C$0.35 per unit (one common share and one-half share purchase warrant, with each full warrant exercisable for a period of 24 months to purchase one additional common share at an exercise price of C$0.40 per common share). The proceeds from the private placement will be for working capital and for drilling programs on the company's projects in Nevada's Walker Lane trend. The private placement and any finder's fees that may be payable are subject to 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.

Contact Information