First Idaho Resources Announces Acquisition of Additional 50% Working Interest in Hercules Property

Russell Marshall, President and CEO of First Idaho Resources Inc. (TSX
VENTURE:FI) (the "company" or "First Idaho") is pleased to announce that on
April 1, 2013 Anglo-Bomarc Mines Ltd. gave notice to First Idaho Resources Inc.
of its intention not to participate in any current or future work program or
programs on the Hercules property or provide any additional expenditures of its
proportionate share. Pursuant to the terms of the April 5, 1983 joint venture
agreement between Anglo-Bomarc US, a wholly owned subsidiary of Anglo-Bomarc
Mines Ltd. and First Idaho Resources Inc., the companies have agreed to convert
First Idaho's interest to a 100% working interest in the Hercules property for a
20% net profit interest in the Hercules group of claims to Anglo-Bomarc. Further
development costs on the Hercules will be the sole responsibility of First
Idaho. The new agreement is effective as of April 15, 2013. 


For further information on First Idaho Resources Inc. and the Hercules
Silver-Lead-Zinc project please visit www.FirstIdahoResources.com. 


We seek safe harbor. 

First Idaho Resources Inc.

Russell Marshall, President and CEO

About First Idaho Resources Inc.

First Idaho Resources (TSX VENTURE:FI) is a Canadian-based silver and base
metals exploration and mine development company engaged in the evaluation and
advancement of a group of claims known as the Hercules Project. The company owns
a 100% working interest in the 1490 acre Hercules property, located in Southwest
Idaho, a first-class mining jurisdiction home to some of the world's most
prolific silver discoveries. 308 holes have been drilled and over $6 million has
been spent on evaluating the Hercules to date. Our vision is to deliver
corporate growth and shareholder value through the further definition and
development of the Hercules, which has been looked at as a highly prospective
property since the late 1900s. First Idaho Resources Inc. is listed on the TSX
Venture.


FOR FURTHER INFORMATION PLEASE CONTACT: 
First Idaho Resources Inc.
Russ Marshall
President and CEO
604-734-1628
[e-mail]
www.firstidahoresources.com