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June 25, 2010. Vancouver, Canada --
Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or
the "Company") wishes to announce that 2,720,000 incentive stock options
have been granted to directors, officers, employees and consultants at
an exercise price of $0.55 per common share for a period of five years.
The foregoing is subject to regulatory approval.
About Fire River Gold
Fire River Gold Corp. is a near term production company with a superior
technical team focused on bringing its flagship project, the Nixon Fork
Gold Mine, back into production within the next 12 months. The Nixon
Fork Gold Mine is a fully permitted and bonded gold mine with past
production values averaging 1.4 opt (42 gpt). Facilities at the Nixon
Fork Gold Mine include a 200 tpd floatation plant with a gravity gold
separation circuit and a sulphide floatation circuit. In 2008, a CIL
gold leaching circuit was purchased and approximately 60% installed. The
mine also includes a fleet of mining vehicles, a self-contained power
plant, maintenance facilities, drilling equipment, an 85 person camp,
office facilities and a 1.5 km long landing strip. Nixon Fork is located
within Alaska's Tintina Gold Belt, which hosts numerous world class
deposits.
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Fire River Gold is a member of the International Metals Group
(www.internationalmetalsgroup.com)
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
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"Harry Barr"
Harry Barr
President & CEO
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute forward-looking
statements under applicable securities laws and necessarily involve risks
associated with mining exploration and development, volatility of prices,
currency fluctuations, imprecision of resource estimates, environmental and
permitting risks, access to labour and services, competition from other
companies and ability to access sufficient capital. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements. A feasibility study has not been completed and there is no certainty
the disclosed targets will be reached nor that the proposed operations will be
economically viable. Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. We seek
safe harbour.
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