News Releases

• Geological re-assessment work 35% complete; resource update Fall 2010
• Significant Previously Undisclosed Results:
  • 3.5 opt (122 g/t) Au over 14 ft (4.4 m) in hole N08U023
  • 1.6 opt (54 g/t) Au over 3.3 ft (1.0 m) in hole N08U025
  • 1.8 opt (60 g/t) Au over 1.3 ft (0.4 m) in hole N08U026
  • 1.7 opt (57 g/t) Au over 3.6 ft (1.7 m) in hole N08U032
• A section of hole N08U024 that yielded insignificant results in the original assaying produced a re-assay value of 4.0 opt (138 g/t) over 0.9 m.
• Results pending for 79 additional holes

Table 1: List of 7 Additional 2008 Drillholes
and their Respective Significant Intercepts

Quality Control
Because the 2007 and 2008 results were not formerly reported, a careful review of all quality control and quality assurance procedures used by the former operator was initiated.
 

Fire River Gold's re-sampling program of drill core from the 2008 drilling at Nixon Fork is essentially a modified field duplicate exercise. The remaining half-cores were fully analyzed except in rare cases where quarter-cores were used. Sampling of core-duplicates as compared to pulp-duplicates can produce a high degree of variability in the results due to the "nugget effect" of gold mineralization that occurs at Nixon Fork. The comparison of original to check assays for these holes is shown in Table 2.

Every effort has been made to replicate the previous sample intervals unless a previous sample crossed a lithological or mineralized boundary. In these cases the new 2010 samples were terminated at such boundaries.

The differences in lengths of the intervals may account for some of the variability in gold grades. In general, the assays are in close agreement, especially for a comparison of field duplicate samples in a high-grade, coarse gold system.

Table 2: A Comparison of the Original to Check Assays for the 2008 Drilling.

"Harry Barr"

Harry Barr
President & CEO

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