Fortune River Resource Corp.
TSX VENTURE : FRX
FRANKFURT : RG7A

Fortune River Resource Corp.

June 12, 2009 11:30 ET

Fortune River Receives Met-test Results of Bulk Sample from Wind Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2009) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) reported today that it has received column-leach results for a bulk sample of dump material collected at its wholly-owned Wind Mountain project, a former producing heap-leach low-sulfidation gold/silver property in the Walker Lane gold trend of western Nevada.

The bulk sample from the Wind Pit dump demonstrates attractive leaching characteristics, with 61% recovery for gold and 15% recovery for silver, low cyanide consumption (0.46 kg NaCN/mt) and low requirements for lime (1.4 kg/mt). The test was performed over a period of 134 days on -150mm (-6 inch) material, which comprises 95% of the original 20-tonne sample. Fifty percent recovery was obtained in 16 days.

The bulk sample from the smaller Breeze Pit dump plugged due to excessive fines (approx. 37% -65 mesh), about twice the amount in the Wind Pit sample, and the test was discontinued. This sample contained an unexpectedly high percentage of clay; thus further work is needed to determine the distribution of clay in this dump to avoid potential problems with heap percolation.

President Joe Kizis commented, "This test work provides us with information necessary to evaluate the economics of re-mining upgraded portions of the dumps and how sub-ore material might be handled during any new mining at Wind Mountain.

The property contains a much larger large gold system than was previously recognized, as our 2008 drilling program demonstrated, and we are confident that persistence will lead to discovery of 'feeders' that may contain bonanza-grade precious metals. In the near term, however, we are searching for a partner to evaluate the economics of the near-surface oxidized resource that has already been well delineated. The ability to add low-cost ounces from the dumps could significantly improve the economic of this project."

Historic mining created approximately 9.4 million tonnes of dump material at Wind Mountain. The average grade of this material based on drilling is estimated to be 0.216 g/t Au; however, hand-trench sampling by Fortune River indicates that a substantial portion of this material was upgraded to approximately 0.3 g/t Au when it was loaded onto the waste dumps. Larger, less mineralized boulders rolled to the base of the dumps during stacking, which left the finer residual material on the upper levels of the dump with an increased grade. Some Nevada mines load their sub-ore material in this way, and then re-mine the upper portions of those dumps.

Fortune River collected two bulk samples from two of the dumps, with each sample being approximately 20 tonnes. The bulk samples were tested for metallurgic characteristics at McClellan Metallurgical Laboratory. Assaying of these large samples has confirmed the upgrading observed in Fortune River's initial surface sampling, with each sample averaging approximately 0.4 g/t Au and 10 g/t Ag. The test work included two large column leach tests of approximately 2.5 tonnes each, which was split from the original 20-tonne sample.

About Wind Mountain

The project is located approximately 160km northeast of Reno and has good road access and a power line to the property. AMAX Gold/Kinross Gold recovered nearly 300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999 from the Wind Mountain and Breeze open pit heap leach operations (based on Kinross Gold files). Rio Fortuna Exploration (US) Inc., a wholly owned US subsidiary of Fortune River, acquired the property via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines Limited, who retains a 2% NSR royalty interest, of which 1% can be purchased for $1,000,000 any time prior to production. The company also obtained a lease on 10 additional claims from a third party.

In late 2007 the company received an independent NI43-101 compliant resource estimate of the remaining mineralization, which includes a total Measured plus Indicated Resource for the project of 33.7 million tons averaging 0.012opt gold (0.411 g/t Au) using a cutoff grade of 0.0075opt Au (0.257 g/t Au), containing 406,000 ounces of gold (See News Release dated January 8/08). Additionally, the estimate includes an Inferred Resource of 9.8 million tons averaging 0.009opt Au (0.308 g/t Au) using a cutoff grade of 0.0075opt Au, containing 92,000 ounces of gold. None of the mineralization encountered in 2008 holes is included in the resource estimates and none of the material contained in existing dumps was considered resource at the time.

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.

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.

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy accuracy of this release.

Contact Information