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Fire River Gold Announces Additional Drill Results At Nixon Fork Gold Mine, Alaska

FAU: TSX.V
FVGCF: OTCQX
FWR: FSE
www.firerivergold.com

VANCOUVER, July 7, 2011 /CNW/ - Fire River Gold Corp (TSXV: FAU) (OTCQX: FVGCF) (FSE: FWR) ("FAU" or the "Company") is pleased to announce additional high-grade results obtained from holes drilled during its 2011, 28,000 metre drill program at the Nixon Fork Gold Mine, situated in Alaska's Tintina Gold Belt. The Company has received and confirmed assay results from the drill holes N11U-055 to N11U-094 from the 3000, 3200 and 3300 Zones. Diamond drill hole N11U-94 demonstrates new high grade zones of mineralization outside of the previously modelled area. This series of drill holes were extremely productive in expanding the extent of the gold mineralization of the 3300 zone. Of particular note is hole number N11U-068 that exhibited visible gold associated with native bismuth (See Figure 1). This demonstrates a known geochemical association of gold and bismuth in this deposit.

http://firerivergold.com/i/photos/070711p1.jpg

A complete listing of the drill hole intercepts are provided in Table 1.

Table 1: N11U-057 to N11U-94

Table 2: List of No Significant Intersections and Not Sampled Drill Holes

Most of the holes released to-date have been for the purpose of ore definition in known blocks of mineralization. The 3000Z and 3200 zone holes are more exploratory, seeking additional mineralization in the upper Crystal mine beyond the mining zones of the six month operating plan.

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

Richard Goodwin
President & C.O.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. 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.