FRX Fortune River Resource Corp.

Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) has received and
filed on SEDAR the Technical Report for the Preliminary Economic Assessment
(PEA) conducted by Mine Development Associates (MDA) of Reno for its wholly
owned Wind Mountain Project, located in northwestern Nevada. The study assumes
open-pit mining using conventional trucks, shovels, run-of-mine leaching and
utilizing a base case gold price of US$850 per ounce with a credit for silver at
a price of $14.50 per ounce. The base case economic model(1) in US dollars
indicates:


Resource inside pits = 26.9 million short tons @ 0.012 oz Au/t, with 0.007 oz
Au/t cutoff (approximately 90% Measured + Indicated, approximately 10% Inferred)


Gold Ounces mined = 320,000

Gold Ounces produced = 198,000

Waste: Ore Strip ratio = 0.7:1

Capital = Initial capital of $41.8 million with $4.4 million sustaining capital

Mine Life = 4 years active mining with 2 additional years of residual leaching
and rinsing of leach pads


Life-of-mine cash cost per Au ounce = $497 after a silver credit of $86 per
ounce of gold is applied


Total Pre-Tax cost per Au ounce = $719 after a silver credit of $86 per ounce of
gold is applied


IRR = 15%

Pre-tax NVP @ 5% = $13.2 million

(1) Note that Canadian NI 43-101 guidelines define a PEA as follows: "A
preliminary economic assessment is preliminary in nature and it includes
inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied that would enable them to be classified
as mineral reserves, and there is no certainty that the preliminary assessment
will be realized."


Sensitivity studies by MDA indicate that gold and silver prices 20% higher in
the same modeled pit ($1,020/oz Au and $17.40/oz Ag) will increase the IRR to
38% and the NPV@5% to $43.7 million. Gold and silver prices that are 10% lower
($765/oz Au and $13.05/oz Ag) result in the model becoming uneconomic at an
NPV@5%. Sensitivities of the model to capital and operating costs are also
provided by MDA. 


Mine Development Associates, Ore Reserves Engineering ("O.R.E.") and Debra
Struhsacker, Environmental Permitting and Government Relations Consultant,
compiled the technical report. Thomas Dyer, P.E. is a Senior Engineer for MDA
and is responsible for sections of the technical report involving mine designs
and the economic evaluation; Alan C. Noble, P.E. is the Principal Engineer of
O.R.E. and is responsible for sections of the technical report involving
resource modeling and information taken from the 2007 Technical Report completed
entitled "Technical Report on the Wind Mountain Gold Project"; and Debra
Struhsacker is responsible for the section of the technical report involving
environmental issues. These are the Qualified Persons of the technical report
for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic
Analyses of Mineral Projects. The report is now available on SEDAR and the
company's website, fortuneriver.ca.


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. The Company's
Wind Mountain project, a past-producing open-pit/heap-leach operation.


On behalf of the Board,

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

We seek safe harbor

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