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

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 Alaskas 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.

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

Table 1: N11U-057 to N11U-94

Hole Number Zone FROM
(m) TO
(m) Width
(m) Au
(g/t) Au
(opt) Ag
(g/t) Ag
(opt) Cu
(%) N11U-057 3200 49.68 52.77 3.09 2.54 0.074 5.00 0.146 0.08 N11U-061 3200 39.32 47.42 8.10 13.33 0.389 12.23 0.357 0.66 Including 40.84 43.92 3.08 23.57 0.687 15.36 0.448 0.89 Including 45.72 47.42 1.70 17.15 0.500 24.00 0.700 1.27 N11U-063 3200 54.41 55.93 1.52 2.21 0.065 1.00 0.029 0.01 N11U-065 3200 50.31 51.72 1.41 1.51 0.044 10.44 0.305 0.41 Including 52.73 55.17 2.44 1.99 0.058 61.75 1.801 2.92 Including 55.07 55.17 0.10 5.20 0.152 14.00 0.408 0.64 N11U-066 3300-235 1.47 6.90 5.43 25.56 0.746 5.63 0.164 0.26 Including 3.88 4.23 0.35 34.70 1.012 22.00 0.642 1.88 Including 5.49 6.90 1.41 86.16 2.513 8.94 0.261 0.35 N11U-068 3300-235 0.91 8.59 7.68 5.50 0.160 3.81 0.111 0.17 Including 7.01 8.59 1.58 16.84 0.491 7.57 0.221 0.52 Including 10.06 14.25 4.19 3.73 0.109 1.74 0.051 0.07 Including 10.06 11.58 1.52 7.19 0.209 2.00 0.058 0.14 Including 13.85 14.25 0.40 8.77 0.256 5.00 0.146 0.04 N11U-072 3300-240 7.98 9.45 1.47 3.59 0.105 2.00 0.058 0.09 N11U-073 3200 42.37 45.10 2.73 23.18 0.676 6.91 0.202 0.32 Including 44.09 45.10 1.01 41.20 1.202 10.00 0.292 0.60 Including 52.12 54.64 2.52 5.87 0.171 32.58 0.950 0.90 Including 53.25 54.64 1.39 9.74 0.284 55.00 1.604 1.52 N11U-075 3000Z 22.77 23.17 0.40 2.40 0.070 70.00 2.042 4.35 N11U-076 3300-240 18.95 19.40 0.45 181.50 5.294 57.00 1.662 3.30 N11U-077 3000Z 18.70 23.25 4.55 2.03 0.059 17.55 0.512 0.53 N11U-078 3300-240 7.30 8.84 1.54 1.38 0.040 1.00 0.029 0.04 N11U-079 3000Z 18.27 19.98 1.71 2.52 0.073 127.28 3.712 2.32 Including 18.27 18.62 0.35 5.84 0.170 405.00 11.812 4.04 N11U-081 3000Z 19.09 21.04 1.95 2.26 0.066 46.90 1.368 1.34 N11U-082 3300-240 8.74 10.36 1.62 126.35 3.685 63.33 1.847 5.15 Including 8.74 9.76 1.02 196.50 5.731 100.00 2.917 8.10 N11U-083 3000Z 25.11 29.79 4.68 7.67 0.224 42.22 1.231 1.37 Including 25.11 25.72 0.61 12.50 0.364 13.00 0.379 0.68 Including 26.97 28.49 1.52 13.36 0.389 41.00 1.196 1.38 N11U-084 3300-240 9.48 12.28 2.80 40.93 1.194 7.78 0.227 0.29 Including 10.15 10.45 0.30 317.00 9.246 46.00 1.342 1.98 Including 31.75 32.26 0.51 16.55 0.482 18.00 0.525 1.14 N11U-086 3300-240 20.29 21.54 1.25 15.80 0.000 14.00 0.408 0.65 N11U-088 3300-240 16.74 18.16 1.42 9.36 0.273 2.80 0.082 0.37 Including 16.74 17.59 0.85 14.40 0.420 4.00 0.117 0.60 N11U-089 3000Z 19.78 27.10 7.32 3.66 0.107 62.36 1.819 1.86 Including 22.74 25.70 2.96 6.42 0.187 90.78 2.648 2.79 N11U-090 3300-240 17.93 22.29 4.36 14.69 0.428 14.72 0.429 0.72 Including 19.20 21.17 1.97 22.08 0.644 16.85 0.491