Fire River appoints new directors and officers

    




 VANCOUVER, Oct. 3, 2012 /CNW/ - Fire River Gold Corp. ,  (OTCQX: FVGCF),  (the "Company") is pleased to announce that  Mr. Kenneth Stowe and Mr. Jacques McMullen have been appointed  directors of the Company in place of R. David Russell and M. Christine  Melian who have resigned. Mr. Stowe will also act as Chairman of the  Board for the Company. Mr. Paul Dyer has been appointed Chief Financial  Officer of the Company in place of Mr. Brent Timmons. The Board of  Directors would like to thank Mr. Russell, Ms. Melian and Mr. Timmons  for their contributions to the Company and wishes them well in their  future endeavours. 

 Mr. Stowe joins us with over 35 years of mining industry experience.  Most recently, he was President and Chief Executive Officer of  Northgate Minerals Corporation from September 1999 to July 2011. He was  the recipient of the Canadian Mineral Processor of the Year Award in  2006. 

 Mr. McMullen has over thirty years of industrial experience. He has held  numerous operating and corporate positions in mining which have  involved him internationally with cross-functional expertise applied to  operations, feasibility studies, evaluations, project development and  start-ups.  He has held various positions with Barrick Gold Corp.  including, Senior Vice President of Technical Services and Vice  President of Metallurgy and Process Development.  Mr. McMullen  graduated in 1977 from Laval University (Quebec, Canada) with a degree  in Metallurgical Engineering; subsequently, he completed a Master's  Degree in Mineral Processing. 

 Mr. Dyer has over 18 years of experience in the mining industry  including controller at the Carson Hill Mine for Carson Hill Gold  Corp., U.S. corporate controller for Western Mining Corp. of Australia,  controller at the Jerritt Canyon Mine for Queenstake Resources,  controller at the start-up of the Mineral Ridge Project for Scorpio  Gold US and controller for the El Quevar project in Salta, Argentina  for Golden Minerals Company. 

 Mr. Blane Wilson, President and CEO of Fire River Gold Corp. commented "Everyone here at Fire River Gold gives a warm welcome to Ken, Jacque and  Paul. We look forward to their leadership and expertise to collaborate  with our team, as we rapidly advance the Nixon Fork mine". 

 The Company also announces the granting of 3,786,636 stock options at an  exercise price of $0.11 per share to certain directors, officers,  employees and consultants of the Company. All options have a term of  five years and shall vest in accordance with the policies of the TSX  Venture Exchange.  The options are granted pursuant to the Company's  fixed stock option plan (the "Plan").  The aggregate number of shares  reserved for issuance under the Plan which may be made subject to  Options at any time and from time to time shall not exceed 10,244,237  shares. 

 About Fire River Gold: 

 Fire River Gold Corp.'s flagship property is the wholly owned Nixon Fork  Gold Mine located in the resource rich Tintina Gold Belt. Operations at  Nixon Fork commenced in July 2011, with a near term production target  of 30,000 oz gold by end of 2012,  and projecting an increase to 35,000  to 40,000 oz gold per year in 2013. The Nixon Fork Mine is a past  producing mine with a high grade production history, and a low capital  requirement due to pre-existing infrastructure. The Nixon Fork Mine is  operated by Mystery Creek Resources, a wholly owned subsidiary of Fire  River Gold Corp. based in Anchorage, Alaska. The mine operates  year-round producing both gold concentrate and doré bars. The company's  mine plan is designed to replace mined resources on an annual basis,  insuring sustainable gold production.  Excellent district scale  exploration potential provides additional upside for the project. 

 Fire River Gold has built a stable platform for growth and a new,  experienced and dynamic management team and Board of Directors. With  new leadership, a revamped mine plan, increased mill production and  exploration upside, Fire River is poised for a period of growth and  increased shareholder value. 

 ON BEHALF OF THE BOARD OF DIRECTORS FIRE RIVER GOLD CORP. 

 "Blane Wilson" 

 Blane Wilson President and CEO  

  

  



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 Cautionary Statement Regarding Forward-Looking Information 

 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.  This news release contains forward-looking statements regarding the  business and operations of Fire River Gold. In particular, statements  regarding use of proceeds and production targets in the upcoming years  are forward-looking statements. There can be no assurance that such  statements will prove to be accurate and actual results and future  events could differ materially from those anticipated in such  statements. Important factors that could cause actual results to differ  materially from Fire River's plans or expectations include risks  relating to the actual results of current exploration activities,  fluctuating gold prices, possibility of equipment breakdowns and  delays, exploration cost overruns, availability of capital and  financing, general economic, market or business conditions, regulatory  changes, timeliness of government or regulatory approvals and other  risks detailed herein and from time to time in the filings made by Fire  River with securities regulators. Fire River expressly disclaims any  intention or obligation to update or revise any forward-looking  statements whether as a result of new information, future events or  otherwise except as otherwise required by applicable securities  legislation.  

Fire River Gold Corp.


CONTACT:  FIRE RIVER GOLD CORP.Kimberly Ann, Corporate CommunicationsEmail: [e-mail]: [phone]www.firerivergold.com 


    

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