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.