November 12, 2009. Vancouver, Canada—Fire River Gold Corp (the “Company”, “FAU”) (FAU: TSX.V) is pleased to announce that the Company has been approved for listing on the TSX Venture Exchange (“TSX.V”) (Tier 2), and will be moving its primary listing from the CNSX Exchange to the TSX.V on November 12, 2009. Effective at the opening, November 12, 2009, the trading symbol for the Company will continue to be FAU.

The Directors and Management of Fire River Gold Corp. believe that listing on the TSX Venture Exchange is in the best interest of the shareholders and will better enable the Company to raise additional capital to further develop its projects and provide additional market liquidity.

About Fire River Gold Corp.

Nixon Fork Project:

-Near Term Gold-Copper-Silver Producer

-Fully Constructed 200+ tpd Mill

-Permitted and Bonded

-Turn-key Mining-Milling Operation

-Mine Fully Permitted and Bonded

-Significant Exploration Upside

On August 13, 2009, FAU exercised its option to purchase a 100% interest in Mystery Creek Resources, Inc. (MCR), a wholly owned Alaskan subsidiary of Pacific North West Capital Corp. (“PFN”) (PFN:TSX). MCR controls the Nixon Fork Gold mine in Alaska, a formerly producing high-grade gold mine, which has produced approx 145,000 ounces.

Under the terms of the Agreement, FAU paid PFN US$50,000 on signing of the letter agreement, and upon receipt of all necessary approvals, FAU will pay a further US$450,000 over a six (6) month period and a total of US$2.5 million in FAU shares at a deemed price of $0.45 per share. In addition, FAU issued PFN one (1) million share purchase warrants at an exercise price of $0.50 for a period of 24 months from the date of issue. FAU is also to refund all expenses incurred by PFN from May 1st 2009 until the finalisation of this transaction which will not exceed CDN$1,250,000.

Nixon Fork Production History

Nevada Goldfields Inc. (NGI) constructed and operated the Nixon Fork Gold Mine high-grade underground gold mine from 1995-1998, recovering 137,749 ounces of gold and 2.1 million pounds of copper, with additional silver credits. The average production grade was 42 grams per tonne (gpt) of gold, with an average production cost of US$266 per ounce. NGI's profitable operation at Nixon funded the parent company Real del Monte's development projects in Mexico. The Mexico projects were not successful and as a consequence the Nixon Fork Mine was closed in 1999 due to the bankruptcy of Real del Monte.

St Andrew Goldfields Ltd (SAS) leased the mineral rights in 2003. From 2004 through 2008 approximately US$54 million was expended on upgrades to the processing facilities and mine infrastructure and new equipment. During 2007 – 2008, 9,381 meters of reserve-resource definition drilling was conducted, but an updated reserve-resource estimate was not completed. Limited production in 2007 resulted in recovery of 6,775 ounces of gold and 78,644 pounds of copper. The mine facility and camp was on care and maintenance from the fall of 2008 until March, 2009. PFN has reopened the camp and began the initial exploration and evaluation program and maintenance activities.

SAS commissioned Roscoe-Postle Associates of Toronto to complete NI 43-101 technical reports in 2003, 2005 and 2006, which reviewed the mineral reserve-resource of the property and completed a financial analysis of proposed mining operations. These reports are available from SAS reports filed on Sedar, technical report dated Oct. 4, 2006, (6.1 MB-98 pages).

Facilities at the Nixon Fork Gold Mine include a 200 tpd floatation plant with a gravity gold separation circuit, 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 1.5km long landing strip.

Mining and processing operations at Nixon Fork are fully permitted and bonded.

Mill Tailings Evaluation

The mill tailings from previous operations are being evaluated in consideration of reprocessing for recovery of the contained gold. SAS completed a study in 2004 which considered gold recovery in a CIL circuit, which they purchased and partially installed in 2007. Nevada Goldfields, the first operator of the Nixon Fork Mine produced an average head grade of approximately 43 grams per tonne and averaged 83% gold recovery. The SAS tailings study estimated between 120,000 and 150,000 tonnes of mill tailings are in place with a grade between 6 and 9.1 grams per tonne. FAU has completed 21 drillholes in the tailings area and has submitted 142 samples for assay and metallurgical work in an effort to confirm the results obtained by SAS. FAU expects to have results during the first quarter of 2010 and at that point will be able to make a production decision.

Exploration Upside Nixon Fork

As the last two operators of the project focused most of their financial efforts on underground development, the mine infrastructure, equipment, permitting and bonding, only a limited amount of their budget was spent on the exploration upside on the Nixon Fork project. However, several exploration targets are identified and FAU’s Management plans to focus on these and other areas throughout the claim block with the objective of outlining new resources.

2009 Work Program

In May 2009 a CDN$1.25 million budget was allocated by PFN and is currently being completed by FAU with the objective of conducting a re‐evaluation of mine reserves/resources, metallurgy, tailings production scenarios, financial analysis and updating the exploration plan going forward. Announcements regarding the objectives will be forthcoming.

Furthermore, the program focused on re-evaluating the previous geologic interpretation. The old drill-core is currently being re-logged in order to better define the relationship of mineralization to the associated igneous rocks, alteration patterns, and faulting.

Through this evaluation new drilling targets are being defined for the 2010 confirmation and exploration drilling program. Evaluation of the tailings reprocessing project is underway as well. The purpose of this program is to confirm previous sampling results and metallurgy. Drilling was completed in the tailings impound area and the results are currently being confirmed and reviewed.

For further information, please refer to FAU’s news releases dated and June 29, 2009; August 13, 2009; North 60 of Mining News (Sept. 27, 2009) and the recent article written by the Northern Miner (Oct 26, 2009).

Golden Zone Project:

-NI 43-101 compliant mineral resource

-14 targets are identified

-2009 program in progress

-Excellent infrastructure, road access to property, 12 miles from major highway and railroad, power nearby

In an effort to continue to add to the Company’s overall gold ounce bank and development schedule, on October 8, 2009, the Company has completed a formal option agreement (“FOA”) on the Golden Zone Project with Hidefield Gold PLC and Mines Trust Company.

History Golden Zone

The Golden Zone Project is located 240 km north of Anchorage, Alaska on the south flank of the Alaska Range. The project is accessible by road, and is just 19 km from the Parks Highway, which connects Fairbanks and Anchorage. A fully self contained camp and work facility is on site.

The project is an advanced stage gold-copper-silver system with approximately 20,100 meters of drilling, extensive trenching, soil sampling grids, multiple geophysical surveys, and metallurgical samples collected from core and the underground workings in the main Breccia zone.

The project hosts several mineralization styles including an igneous rock hosted breccia pipe, several replacement zones of mineralization in calcareous rocks, and mineralization hosted in volcanoclastic rocks. The Breccia target is the most advanced and hosts the mineral resource and the 2009 exploration program will evaluate the possible extension on this mineralization. The Breccia is being evaluated as a possible open pit target. At least fourteen targets are identified within the 8000 hectare property and all have limited exploration work completed to date.

A technical report prepared by William Ellis for Fire River reports the mineral resource contained on the property and is available on Sedar’s website.

Exploration Update

In October 2009, a US$250,000 2009 program was completed and consisted of a trenching and mapping program that assayed for gold silver and copper. The trenching was south of the Breccia Pipe Resource area toward the GAS Prospect and was designed to further investigate mineralization encountered in drillhole 6004, which was completed in 2006. Trenching in the Gas area uncovered extensive hornfels alteration and a strongly altered fault zone. Trench 4 in the Copper King area discovered hornfels at the contact with a quartz porphyry intrusive body. The hornfels contained copper staining and this target has not been previously drilled. Trenching in Long Creek area also uncovered previously unknown quartz porphyry intrusive bodies. Previous drill core was re-logged and samples were collected for assay from intervals not previously sampled. Geochemical samples have been submitted to ALS Chemex for gold and multi-element analyses and results are currently being confirmed and reviewed. For further information on the Golden Zone Project, please refer to FAU’s news release dated October 8, 2009.

Draken Property

FAU has completed an initial Phase I work program consisting of surface exploration program, detailed rock sampling, mapping, rock chip sampling and metallic sieve analysis on selected samples and is continuing to move forward with the Phase I exploration on its 100% owned Draken Project. FAU is waiting for a report and analytical results. Please refer to www.firerivergold.com for further information on the Draken Property.

Kansas Creek Property

Management is currently re-evaluating the data on the Kansas Creek Property with the objective of outlining a Phase I exploration program. Management expects to have recommendations and the commencement of Phase I exploration program for the spring of 2010. For further information on the Kansas Creek Property, please refer to FAU’s news release dated June 19, 2009.

Greg Myers, PhD., P.Geo., is the Qualified Person for this press release.

On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.

Harry Barr

President & C.E.O.

Further Information: Tel: +1 604 685 1870 Fax: +1 604 685 8045

Email: [email protected] or visit www.firerivrgold.com

2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3

Disclaimer: This news release may contain certain “forward-looking statements“. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at www.sedar.com or filed with the Canadian National Stock Exchange. Any forward-looking statements are not guarantees of the Company’s future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

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.