Mr. Harry Barr reports

FIRE RIVER GOLD TERMINATES ITS OPTION ON THE GOLDEN ZONE PROJECT

Fire River Gold Corp. has elected to terminate its option agreement with Hidefield Gold PLC, Hidefield Gold (Alaska) Inc. and Mines Trust Company on the Golden Zone project in central Alaska. The joint venture partners were provided a 30-day notification of this decision on March 19, 2010. The company made this decision in order to focus its effort on the Nixon Fork gold mine project, also in central Alaska.

"The Golden Zone is a good exploration property that does not match our corporate profile," commented Harry Barr. "The Nixon Fork mine is a permitted near-term producer, and the Golden Zone represents a much longer commitment. We have to be careful to not divert our effort, resources and expenditures from our core project, which is yielding good results."

At the time this decision was made, the company's NI 43-101 technical report, "Golden Zone gold-polymetallic prospect, upper Chulitna district, Alaska," dated Aug. 24, 2009, was determined by the British Columbia Securities Commission (BCSC) to be non-compliant. As the company has elected to terminate the agreement, it will not be taking any steps to rectify the issues put forth by the BCSC and is retracting its previous disclosures of the resource estimates made for the Golden Zone project.

On behalf of the board of directors, Fire River would like to thank its joint venture partners for their help and co-operation last year on the Golden Zone project.