March 8, 2011 Vancouver, Canada - Fire River
Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the "Company") is
pleased to announce that in accordance with the TSX Venture Exchange's ("TSX.V")
Policy 2.5, the Company has met the requirements for a Tier 1 company.
Therefore, effective at market open, Tuesday, March 8, 2011, FAU's tier
classification will change from Tier 2 to Tier 1 -- mining issuer, trading
Richard Goodwin, President & COO for FAU stated: "Our team has worked very
hard over the past few years to build this company, we are proud to achieve this
benchmark and pleased to get this recognition from the TSX V."
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 in 2011. The
Nixon Fork Gold Mine
is a permitted and bonded mine which include a ~200 tpd processing plant with a
gravity gold circuit, sulphide flotation circuit and a gold recovery system (CIL
circuit) that is scheduled to be completed by Summer 2011. The mine also
includes a fleet of surface & underground mining vehicles, a self-contained
power plant, maintenance facilities, drilling equipment, an 85 person camp,
office facilities and a 1.2 km long landing strip.
Fire River Gold Corp is a member of the International Metals Group.
On behalf of the Board of Directors, I look forward to keeping you updated with
our corporate developments.
President and COO
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