Mr. Richard Goodwin reports

FIRE RIVER GOLD CORP. ANNOUNCES DRILL RESULTS FROM THE 3550 HI GRADE RECREATION ZONE

Fire River Gold Corp. and Mystery Creek Resources Inc. are providing high-grade results obtained from the discovery of the new 3550 zone at the Nixon Fork mine, shown in the table.

                          ASSAY RESULTS FROM ZONE 3550

Hole        From       To    Width       Au       Au       Ag       Ag      Cu
No.          (m)      (m)      (m)    (g/t)   (oz/t)    (g/t)   (oz/t)     (%)

N11U-225   104.8    109.1      4.3      8.4     0.25     13.4     0.39     0.7
N11U-226   112.6    119.8      7.2     46.0     1.34     47.8     1.39     2.9
           113.5    117.0      3.4     93.8     2.74     94.3     2.75     5.8
N11U-228   106.1    113.7      7.6     32.8     0.96     64.6     1.88     2.7
           106.1    108.7      2.6     92.2     2.69    169.7     4.95     7.2

Because of the shallow dip of the drill holes, apparent widths approximate true widths for these intersections.

The holes have been drilled in the down-dip extension of a previously mined orebody called the Hi Grade Recreation zone, which was mined to a depth of 50 metres from surface (to 330 mASL) 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 down-dip 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 down-dip extension existed. 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 (see the table).

The 3000 and 3300 zones extend continuously from surface at approximately 400 mASL to 90 mASL and neither has been bottomed out. Approximately 185,000 ounces of gold has been extracted in the modern era (from 1993 to present), most of which has been from the 3000 and 3300 zones. Both have been mined from the main ramp to a depth of 160 mASL. 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.

Quality assurance and quality control (QA/QC)

Rigorous controls are in place to ensure the traceability of samples and their results. Upon delivery, core is prepped and logged with intervals of interest and/or mineralization marked for sampling. The core is subsequently photographed prior to cutting. Half the core is retained for future reference and the remaining half placed in double-poly bags and sealed for shipment. Samples are delivered to ALS Chemex in Fairbanks, Alaska, where they are dried, crushed and representative splits are transported to ALS Chemex labs in either Reno, Nev., or Vancouver, B.C., for assay. ALS Chemex complies with the requirements for ISO 9001:2000 and ISO 17025:1999. Analysis includes fire assay with gravimetric finish for gold and ICP for 33 other elements. Gold assay results greater than five parts per million are automatically resubmitted for screen metallic analysis.

Quality assurance and quality control is verified using external standards, blanks and duplicates, with 13 per cent of all samples submitted being QA/QC check samples. Results are examined ensuring control samples fall within 2.5 standard deviations of certified values. Failed results are reanalyzed by the lab and/or additional samples from the remaining core are submitted for analysis.

The qualified person for this news release is Richard Goodwin, PEng, president and chief operating officer for Fire River Gold.

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