Mr. Richard Goodwin reports

FIRE RIVER GOLD ANNOUNCES NEW ORE ZONE DISCOVERED AT THE NIXON FORK MINE

Fire River Gold Corp. and Mystery Creek Resources Inc. have discovered the new 3550 zone at the Nixon Fork mine project. It is actually the downdip extension of previously mined orebody called the Hi Grade recreation zone, which was mined to a depth of 50 metres from surface (to 330 metres above sea level) in the 1920s. The zone was found to bottom out in the original mining program, and diamond drilling performed by the company and prior operators could not establish the existence of a downdip extension.

Applying a horizontal offset evident in the 3300 zone to the 3550 zone, the company's geologists deduced that it was possible that the downdip extension existed, but that all drill holes intended to test the extension were drilled too short. Accordingly three longer holes were planned and drilled to test the theory, which yielded very positive initial results in the form of mineralized zones with visible gold, usually an indicator of high-grade mineralization.

The 3000 and 3300 zones extend continuously from surface at approximately 400 metres ASL to 90 metres ASL and neither have been bottomed out. Approximately 185,000 ounces of gold have been extracted in the modern era (from 1993 to present), almost all of which has been from the 3000 and 3300 zones. Both have been mined from the main ramp to a depth of 160 metres ASL. Current mining activities are also concentrated on these two zones. The 3550 zone could represent a triplet to these two significant zones, and provide the opportunity to significantly increase the company's resources and mine life. If the 3550 zone demonstrates the same vertical continuity as the two other zones, its location is ideal for minimizing the capital cost and time requirement to establish access for mining, as the entire vertical extent will be close to existing development.

Assays from the first holes are anticipated over the next few weeks and will be released when validated. The qualified person for this news release is Richard Goodwin, PEng, president and chief operating officer for Fire River Gold.

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