September 17, 2010. Vancouver, Canada
Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or
the "Company") is pleased to announce that Mr. R. David Russell has been
appointed to the Company's Board and will act as the Lead Director.
|Mr. Russell has
been the President & CEO and Director of Apollo
Gold Corporation ("Apollo Gold") since 2002,
which was listed on the TSX and on AMEX. In May
2010 Apollo Gold merged with Linear Gold Corp to
form a new entity called Brigus Gold Corp. (TSX
& NYSE AMEX: BRD) with proven & probable
reserves over 2,360,000 oz of gold. The Black
Fox Mine in Timmins, Ontario and is currently
producing at the rate of 85,000 ounces per year.
In 1999, Mr. Russell founded Nevoro Gold
Corporation which was subsequently merged with
From 1994 to 1999, Mr. Russell was Vice
President and Chief Operating Officer for Getchell Gold Corporation
("Getchell"), a Nevada gold producer which was acquired in 1999 by
Placer Dome Inc. (NYSE: PDG) for US$1.09 billion. Prior to working for
Getchell, Mr. Russell was General Manager, US operations, for LAC
Minerals Ltd. and, after their acquisition, Barrick Gold Corporation.
Mr. Russell received his Mining Engineering Degree from Montana Tech at
the University of Montana.
Harry Barr, Chief Executive Officer, stated, "I am very pleased to
welcome R. David Russell to Fire River Gold Corp. as our Lead Director.
Mr. Russell's extensive exposure in all aspects of the gold mining
industry will be a valuable addition to Fire River Gold's Board of
Directors as we move the Company through its development phases." In
addition, the Company wishes to announce that 300,000 incentive stock
options have been granted, subject to regulatory approval, to Mr.
Russell at an exercise price of $0.60 per common share for a period of
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with an
experienced 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 mine with past production
values averaging 1.4 opt (42 gpt). Facilities at the Nixon Fork Gold
Mine include a 200 tpd flotation plant with a gravity gold separation
circuit and a sulphide flotation 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. Fire River Gold
Corp is a member of the International Metals Group. (http://www.internationalmetalsgroup.com)
On behalf of the Board of Directors, I look forward to keeping you
updated with our corporate developments.
President and C.E.O.
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. The TSX Venture Exchange or its Regulation Services
Provider have not reviewed and do not accept responsibility for the adequacy or
accuracy of the contents of this news release, which has been prepared
by management.We seek