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

Fortune River Resource Corp.

May 19, 2010 13:00 ET

Geophysics Completed at Fortune River's Highland Project, Drilling Planned for July

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) has received preliminary results of three additional lines of IP that have recently been completed at the Highland property, which is located in the Walker Lane Gold trend in Nevada. The three lines follow up a feature believed to be a graben covered by thin gravel that was identified on a line of IP and AMT geophysical surveys conducted last fall. The graben is well delineated by these lines and is shown to be parallel to veins that have been partially drill tested with attractive high-grade gold and silver intercepts.

Previous drilling by Fortune River at Highland has intersected veins with bonanza grades locally; hole H02013, for example, intersected 1.5m of 66.9 g/t gold and 397.7 g/t silver within a 12.2m intercept of 9.5 g/t gold and 109.4 g/t silver (true thickness estimated at 65% of interval). Other targets that have received little or no drilling have been identified on the property, which is extensively covered by the relatively thin alluvium. It is now thought that the previous drilling may have tested the "leakage" from the newly delineated graben feature. Drill sites will be chosen based on the finalized geophysical interpretation and permitting will be completed for drilling planned for July. Christopher James Gold Corp. is funding this program as part of their earn in; Fortune River is the operator.

Other project updates

Permits have been received and a bond is being posted for drilling at the Buz property, which is also being managed by the company and funded by Christopher James Gold Corp. Drilling is anticipated to begin during the third quarter of 2010. Initial field sampling and mapping are planned for Zebra, which is located in the Northern Nevada Rift and is being managed by the company and being funded equally by the company and Christopher James Gold Corp.

The company also reported that two university students are conducting Masters' Thesis research at Wind Mtn. that may assist in understanding where high grade feeder structures might lie beneath the existing resource (see news release dated April 13, 2010 for independent Preliminary Economic Assessment of existing resource).

About Fortune River

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. 

On behalf of the Board,

"Joseph Kizis"

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

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 or accuracy of this release.

Contact Information