Fortress
Begins Work on Dubaki License, Russian Far East
July 29, 2008 (FST-TSXV) Fortress Minerals Corp. (?Fortress? or ?the Company?) is pleased to announce that two geological teams have begun reconnaissance exploration within
the Dubaki License in northeast Russia. The 2008 program at Dubaki is to
include stream sediment sampling, soil sampling and follow-up field
investigations of alteration zones identified to-date and investigations of
pan-concentrate gold anomalies identified during previous Soviet investigations
in the license area.
The Dubaki License was awarded to Fortress in 2007. The Dubaki License
occurs along the Sekcha structural/mineral belt that extends from the Company?s
Svetloye property northeast to the Khakanja gold/silver deposit. Svetloye
occurs approximately 40 km to the southwest of Dubaki, and the Khakanja mine
occurs approximately 220 km to the northeast. The Khakanja low-sulfidation
gold/silver mine is owned by Polymetal and has been in production since
2004.
The Dubaki license encompasses 166 square kilometers and includes
several large zones of hydrothermally altered rocks identified by airborne and
ground based regional reconnaissance. In addition, pan concentrate gold point
and zone anomalies occur within the license which were identified during
regional exploration programs conducted under the former Soviet Union.
The two reconnaissance teams will complete regional stream sediment and
pan concentrate sampling in order to verify anomalies discovered by the Soviet
reconnaissance teams. In addition, areas of observed alteration as well as any
additional zones of alteration that may be found during the pan-concentrate
follow-up program will be investigated by rock chip and soil sampling, geologic
mapping, and trenching where appropriate.
James C. Ashleman, Chief Geologist and a Qualified Person as defined by
National Instrument 43-101, has reviewed and verified the technical information
contained in this news release.
ON BEHALF OF THE BOARD
Lukas H. Lundin
President and CEO
For further information, please contact:
Sophia Shane
Corporate Development
Ph. 604 689 7842
This news release contains forward-looking statements concerning the
Company?s plans for its properties. These forward-looking statements are
subject to a variety of risks and uncertainties which could cause actual events
or results to differ materially from those reflected in the forward-looking
statements, including, without limitation, risks and uncertainties relating to
political risks involving the Company?s exploration and development of its
properties, the inherent uncertainty of cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations, the inability or
failure to obtain adequate financing on a timely basis and other risks and
uncertainties, including those described in the Company?s periodic filings with
the British Columbia Securities Commission. Such information contained herein
represents management?s best judgment as of the date hereof based on
information currently available. The Company does not intend to update this
information and disclaims any legal liability to the contrary.
The TSX
Venture Exchange does not accept responsibility for the adequacy or accuracy of
this release.