July 26, 2010. Vancouver, Canada -- Fire River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) (the "Company") wishes to announce that further to its news releases dated June 18th and June 22nd, 2010, the Company has now completed its non-brokered private placement and accordingly has issued 11,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $5,500,000. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a purchase price of $0.75 for a period of 18 months. In connection with the closing of the financing, the Company has paid $204,230 in cash and 26,040 shares in finder's fees. All of the securities issued pursuant to this private placement are subject to a hold period that expires on November 22nd, 2010.

The funds from the private placement will be used for the exploration and development of the Nixon Fork Gold Mine in Alaska, and for general corporate purposes.

Source: http://www.firerivergold.com/s/NewsReleases.asp