April 21, 2011 Vancouver, Canada - Fire
River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the
"Company"). Further to the Company's press release dated March 8, 2011,
the Company's shares are now listed on Tier 1 of the TSX Venture
Exchange (the "Exchange"). Tier 1 is reserved for the Exchange's most
advanced issuers with the most significant financial resources. The
benefits of Tier 1 status include decreased filing requirements and
improved service standards.
As a result of the Company's graduation to Tier 1, the common shares of
the Company previously deposited in escrow pursuant to the rules of the
Exchange and National Policy 46-201, will now be governed by the release
provisions respecting an "Established Issuer". As such, an aggregate
2,709,001 Common Shares will be released from escrow on May 12, 2011.
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
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