Mr. Fred Sveinson reports

FIRE RIVER GOLD APPOINTS INTERIM PRESIDENT AND CEO

Fire River Gold Corp. has appointed R. David Russell, the company's non-executive chairman, as interim president and chief executive officer while the company finalizes its review process and discussions with potential CEO candidates.

Mr. Russell will assume the full responsibilities of a CEO until such time as a permanent president and CEO is recruited. Mr. Russell has over 35 years of experience in the mining industry, including a variety of operating, executive and board positions. Mr. Russell's previous positions include founder, president and CEO of the former Apollo Gold Corp. (now Brigus Gold Corp. after the June 24, 2010, merger of Apollo Gold and Linear Gold). Mr. Russell was vice-president and chief operating officer of Getchell Gold Corp., a Nevada gold producer with production of 200,000 ounces of gold. Getchell Gold was acquired by Placer Dome Inc. in 1999 for $1.1-billion. Prior to working at Getchell Gold, Mr. Russell was vice-president of U.S. operations for LAC Minerals Ltd., before and after its acquisition by Barrick Gold Corp.

"We are very pleased that Mr. Russell has stepped in as interim president and CEO while the company transitions through these management changes," said Fred Sveinson, director of the company.

Separately, Mr. Russell and the board of directors have determined it is in the best interest of the company to postpone and re-evaluate the previously announced equity offering described in a press release issued on June 11, 2012. Once the company's financial requirements are fully reviewed, a decision may be taken to reactivate an equity offering at a future date.

The company anticipates issuing several company updates over the next several weeks.

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