======================================================================= Re: News Releases - Tuesday, August 23, 2011 Fire River Gold Announces Further Drill Results ======================================================================= August 23, 2011, Vancouver, Canada -- Fire River Gold Corp.

(the "Company", "FAU") (TSX.V: FAU), (OTCQX: FVGCF), (FSE: FWR) is pleased to announce additional high-grade results obtained from holes drilled during its 2011 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-101 to N11U-199 from the 3300, 3100 and 3000 Zones.

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-175.

Fire River Gold will be continuing to drill on its property in order to aid stope design, grow the resource and expand the life of mine.
HOLE # TARGET FROM (m) TO (m) WIDTH (m) Au (g/t) Au (opt) Ag (g/t) Ag (opt) Cu (%) N11U-102 3300-240 19.2 22.3 3.1 12.8 0.37 1.4 0.04 0.0 Including 19.7 20.7 1.0 29.7 0.87 3.0 0.09 0.1 N11U-130 3300-190 55.8 58.8 3.1 19.8 0.58 20.9 0.61 0.8 Including 56.6 57.4 0.7 61.0 1.78 56.0 1.63 1.9 N11U-154 3300-240 84.8 87.6 2.9 21.7 0.63 14.1 0.41 0.8 Including 87.1 87.6 0.5 89.0 2.59 60.0 1.75 3.0 N11U-163 3300-235 0.0 4.7 4.7 3.2 0.09 1.3 0.04 0.1 Including 14.9 19.5 4.6 66.4 1.94 76.8 2.24 4.1 Including 16.5 18.1 1.6 177.0 5.16 169.0 4.93 9.4 N11U-165 3300-235 1.5 3.9 2.5 26.4 0.77 4.1 0.12 0.2 Including 1.5 2.7 1.3 46.9 1.37 6.0 0.18 0.3 N11U-175 3300-235 14.9 18.5 3.5 110.0 3.21 21.6 0.63 1.2 Including 15.9 17.8 1.9 205.0 5.98 40.0 1.17 2.2 N11U-177 3300-235 0.0 4.2 4.2 5.0 0.15 3.3 0.10 0.1 Including 0.7 2.0 1.3 12.7 0.37 3.0 0.09 0.1 Including 9.5 14.6 5.2 9.1 0.26 4.0 0.12 0.3 Including 9.5 10.1 0.6 26.4 0.77 7.0 0.20 0.5 Including 13.5 14.6 1.2 24.7 0.72 11.1 0.32 0.7 N11U-184 3300-240 48.2 49.7 1.5 3.6 0.11 18.0 0.53 1.6 Including 53.3 55.8 2.4 2.2 0.06 6.0 0.18 0.2 Including 66.5 70.8 4.4 15.8 0.46 2.0 0.06 0.1 Including 69.9 70.8 0.9 65.3 1.90 4.0 0.12 0.3 N11U-190 3300-240 63.4 69.5 6.1 10.6 0.31 34.0 0.99 1.9 Failed QA/QC Including 63.4 65.0 1.6 33.0 0.96 118.0 3.44 6.8 Including 72.5 75.6 3.1 37.6 1.10 2.4 0.07 0.1 Including 75.1 75.6 0.5 166.0 4.84 6.0 0.18 0.0 N11U-193 3300-230 94.2 94.8 0.7 117.5 3.43 116.0 3.38 8.5 Including 101.8 103.3 1.5 62.3 1.82 52.0 1.52 0.2 NOTE: Ounces must be per short ton som that metric and imperial units are not mixed.

34.3g/tonne = 1.0 oz/ton To view all drill results, please view our website. Quality Assurance and Quality Control (QA/QC) Rigorous controls are in place to ensure the traceability of samples and their results.

Upon delivery core is prepped and logged with intervals of interest and/or mineralization marked for sampling.

The core is subsequently photographed prior to cutting.

Half the core is retained for future reference and the remaining half placed in double poly bags and sealed for shipment.

Samples are delivered to ALS Chemex in Fairbanks, AK where they are dried, crushed, and representative splits are transported to ALS Chemex labs in either Reno, NV or Vancouver, BC for assay.

ALS Chemex complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.

Analysis includes Fire Assay with gravimetric finish for gold and ICP for 33 other elements.

Gold assays results greater than 5 ppm are automatically re-submitted for screen metallic analysis.

QA/QC is verified using external standards, blanks, and duplicates with 13% of all samples submitted being QA/QC check samples.

Results are examined ensuring control samples fall within 2.5 standard deviations of certified values.

Failed results are re-analyzed by the lab and/or additional samples from the remaining core are submitted for analysis. The Qualified Person for this news release is Richard Goodwin, P.Eng, President & C.O.O for Fire River Gold.


On behalf of the Board of Directors,
"Richard Goodwin" President and COO
Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045 Email: Website: http://www.firerivergold.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
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This email should not be construed as an offer to buy or sell securities of Fire River Gold Corp. Certain information regarding the Company including managements 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.

The TSX Venture Exchange or its Regulation Services Provider have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

We seek safe harbour.
======================================================================= Copyright (c) 2011 FIRE RIVER GOLD CORP.

(FAU) All rights reserved.

For more information visit our website at http://www.firerivergold.com or send mailto: ======================================================================= ======================================================================= Copyright (c) 2011 FIRE RIVER GOLD CORP.

(FAU) All rights reserved.

For more information visit our website at http://www.firerivergold.com/ or send mailto: Message sent on Tue Aug 23, 2011 at 1:10:18 PM Pacific Time =======================================================================