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Fortune River Resource Corp.
     Rio Fortuna Exploration (US) Inc.
          Highland Mining LLC.




   ~6,013 hectares/~23 square
   miles in 8 projects located in
        Nevada & Ontario



                                     May 2010
                           FRX – TSX.V
                           Frankfurt: RG7A
Nevada Projects
                                  Zebra ‘JV’
  Wind Mtn


 Mud Springs
                                     Buz ‘JV’




         Baxter
                                  E. Manhattan

                  Highland ‘JV’
Wind Mountain
Historic Production
299,259 oz Au recovered from 434,089 oz Au mined, with
1,769,426 oz Ag recovered (closure since 1997)


                                 Amax Gold Open Pit
                                 View looking north


        Amax Gold Heap Leach                             Amax Dump



Status
•   Positive PEA (Scoping study) completed - shallow, oxide
    leach-grade resource, not incl. ‘waste’ piles
•   Data-sharing w/ U.S. Geothermal – they plan extensive
    seismic geophysics & possibly 2000’ drill hole in 2010
•   Potential for bonanza-grade ‘feeders’ & additional
    disseminated Au/Ag
Wind Mtn – Existing Resource
       Resource Estimate by Ore Reserves
          Engineering December 2007
               Short Tons   Grade opt   Cut-off   Oz. Au
                (tonnes)      (g/t)
   Measured     33.7 MM       0.012     0.0075    406,000
   +           (30.6 MM)     (0.411)    (0.257)
   Indicated

   Inferred      9.8 MM       0.009     0.0075    92,000
                (8.9 MM)     (0.308)    (0.257)
   Not           74 MM        0.006               444,000
   currently   (67.2 MM)     (0.205)
   economic
Wind Mtn – Existing Resource

                           0.005 opt (0.171 g/t) Au shell in green
   Breeze Open Pit


                                                   Wind Open Pit




View Looking NE

Ore reserves Engineering 2007
Wind Mtn – MDA’s 2010 PEA
              BASE CASE - Open-pit mining w/ trucks,
              shovels, ROM leaching, US$850/oz Au &
              $14.50/oz Ag

              Resource inside pits = 26.9 million short tons
              @ 0.012 oz Au/t, with 0.007 oz Au/t cutoff
              (~90% Measured + Indicated, ~10% Inferred)
              Gold Ounces mined = 320,000
              Gold Ounces produced = 198,000
              Waste: Ore Strip ratio = 0.7:1
              Capital = Initial capital of $41.8 million w/ $4.4
              million sustaining capital
              Mine Life = 4 years active mining with 2
              additional years residual leaching and rinsing
              Life-of-mine cash cost per Au ounce = $497
              after Ag credit of $86 per ounce of gold
              Total Pre-Tax cost per Au ounce = $719 after a
              Ag credit of $86 per ounce of gold
              IRR = 15%
              Pre-tax NVP @ 5% = $13.2 million
Wind Mtn – MDA’s 2010 PEA
              Sensitivity – Base case w/ Au & Ag
              prices 20% higher ($1,020/oz Au &
              $17.40/oz Ag)

              Resource inside pits = 26.9 million short tons
              @ 0.012 oz Au/t, with 0.007 oz Au/t cutoff
              (~90% Measured + Indicated, ~10% Inferred)
              Gold Ounces mined = 320,000
              Gold Ounces produced = 198,000
              Waste: Ore Strip ratio = 0.7:1
              Capital = Initial capital of $41.8 million w/ $4.4
              million sustaining capital
              Mine Life = 4 years active mining with 2
              additional years residual leaching and rinsing


              IRR = 38%

              Pre-tax NVP @ 5% = $43.7
              million
Wind Mtn – ‘Waste’ Pile Resource?


        West
        Dump
Wind Mtn – ‘Waste’ Pile Resource
                  61% Au recovery, w/
                  low reagent use,                Wind Mtn Dump Sampling (n=108 samples)
                  half in 16 days
            350
                                         328                                          330
                                                                  322

                                                                                                               295
            300
                      283



            250        Bulk                     Dump               Bulk
                      sample                   average            sample                     220


            200
                      column                                      column
Au in ppb




                                               0.216 g/t
                    test nearly                                     test
            150
                                                                 “blinded
                    completed
            100                                                     off”
                    Head grade
            50
                                                              Head grade
                      0.456 g/t
             0
                                                                 0.682 g/t
                            South Dump                                  Breese Dump                West Dump
                                                                +4" (blue) vs -4" (purple)




                              ~9MM tonnes ‘Waste’ originally
                              0.216 g/t Au (~65K oz contained)
Wind Mtn – Exploration Potential
  Looking SE
                                               Possible
                                               2000‟
                                               „gradient‟
                                               well sites

                                 Altered areas
                                 surround
                                 possible buried
                                 intrusion here
Flow dome
            Single hole w/ 60‟
            0.318 g/t Au @
            bottom (TD 540‟)
East Manhattan
Gold Hill deposit
(+2,000,000 oz Au,
production 2010?)


Round Mtn mine
(+14,000,000 oz Au)

                        Round Mtn
                        Gold Co. 2009
Gold Wedge              drilling, plans
                        2010 on our W     Max Res. announced in 2009
development project
(+100,000 oz Au)        margin            significant coarse gold at their
                                          East Manhattan Wash property

Manhattan district
(~1,000,000 oz Au, w/
~500,000 oz Au from
White Caps mine –                          Regional Magnetics w/
Echo Bay)                                  Major Geologic Features
East Manhattan

drill sites recently
 Round Mtn Gold
                                      Best chip samples


      permitted
                                3m 23.8 g/t Au & 11.9 g/t Ag
                               1.5m 15.2 g/t Au & 16.5 g/t Ag




                                                                Wash (Max Res.)
                                                                East Manhattan
                          FRX Mapping
                          & Samples
East Manhattan




             4-6 core holes
             proposed in 2010
Highland ‘JV’
Highland ‘JV’
Looking north


                                                 Cross vein


                                              B
                                       A      vein
                                       vein
                “A” vein        Looking down Cross fault




                                     Resistivity
                                     Section w/
                                     Interpreted
                                       Geology
Buz ‘JV’
Buz ‘JV’
Zebra ‘JV’
                             NEARBY H.G. DEPOSITS
                                       Midas
                              3MM oz Au & 35 MM oz Ag
       Midas mine
                                 Hollister-Ivanhoe
                             1.8MM oz Au & 8.4MM oz Ag
     Zebra
                                     Fire Creek
                                   1.05MM oz Au

Clover Project




                                 2003 Newmont drilling
                                 at north end of Zebra
Zebra ‘JV’ – On Strike w/ Clover
   Yamana/Atna Clover 2007 Results - 7 Hole Program
   Drill hole    From(ft)   To(ft) Length(ft) Au oz/ton Ag oz/ton
   CV005         440         470       30       0.031    0.05
    including    465         470       5        0.110    0.22
   CV006         590         660       70       0.190    0.31
    including    590         625       35       0.321    0.54
    including    600         605       5        1.581    0.81

   Yamana/Atna Clover 2008 Results - 10 Hole Program
   Hole No.      From(ft)    To(ft) Length (ft) Au oz/ton Ag oz/ton
   USCV009       760         810       50        0.017    0.48
                 815         845       30        0.084    0.14
   including     830         835        5        0.404    0.15
   USCV011       660         680       20        0.136    0.57
   including     665         670        5        0.394    1.55
   USCV012       695         710       15        0.403    0.49
   including     695         700        5        1.123    1.27
   USCV013       575         610       35        0.026    4.56
   including     590         595        5        0.104   23.28
   USCV016       635         660       25        0.071    4.58
   including     635         640         5       0.161    6.42
FRX Summary
•   Wind Mtn – Positive PEA completed, Technical Report underway.
    US Geothermal seismic/drilling in 2010. 100% FRX.

•   East Manhattan – Planned core drilling for high-grade Au vein
    potential, possible bulk-mineable. 100% FRX.

•   Highland & Buz „JV‟s – 3 more IP geophysical lines. Drilling
    planned w/ funding by Christopher James Gold (CGJ). 30% FRX
    after CGJ earns-in, FRX operator.

•   Zebra „JV‟ – Ground work planned for spring 2010, permitting after
    targets selected. Funding 50/50 FRX and CJG. 50% FRX after CJG
    earns-in, FRX operator.

•   Baxter – IP geophysical survey planned. 100% FRX.

•   Drayton, Mud Springs - Seek ‘JV’ partners, possible exposure to
    molybdenum market. 100% FRX.

•   Continue to evaluate potential new properties.
Directors
Joseph A. Kizis, Jr., P.Geo, President
•   35 years of experience in minerals exploration, both with major mining companies and with junior explorers.
•   Past president of the Geological Society of Nevada.
•   President and a Director of Bravo Gold Corp, Fortune River Resource and Bravada Gold Corp.

Lawrence Page, Q.C.
•   Corporate and Securities Law practice for 45 years.
•   Acted as an Officer and Director of many mineral exploration companies including six which brought their
    mineral properties into commercial production.
•   Principal and founder of the Manex Resource Group.

Terry Eyton
•   His experience ranges from public and private audits to serving as a Board member on public companies.
•   Managing partner of a medium sized accounting firm in Vancouver, British Columbia.

Richard Hughes
•   Proven track record and extensive experience in the management of public mineral exploration companies.
•   Involved in the discovery of some of the largest Canadian gold mines, e.g. the Golden Giant/Hemlo mine.
•   President of six mining exploration companies currently listed on the Toronto Stock Exchange.

Michael Rowley, RPBio
•   18 years executive experience with private companies in the mining and mineral testing industries.
•   Co-author of numerous mining related technical papers and two patents relating to mineral processing and
    mine water treatment.
Corporate Information
Symbol:
    TSX.V: FRX
    Frankfurt: RG7A


Share Structure
    Year Range: $0.05 - $0.14
    Shares Outstanding: 38.6 million
    Fully Diluted: 51.7 million


Share Ownership
    Directors, Management & Close Associates – 35%


Head Office
    #1100 – 1199 West Hastings St.
    Vancouver, BC V6E 3T
    www.fortuneriver.ca
Fortune River Resource

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F R X Presentation May 19 2010

  • 1. Fortune River Resource Corp. Rio Fortuna Exploration (US) Inc. Highland Mining LLC. ~6,013 hectares/~23 square miles in 8 projects located in Nevada & Ontario May 2010 FRX – TSX.V Frankfurt: RG7A
  • 2. Nevada Projects Zebra ‘JV’ Wind Mtn Mud Springs Buz ‘JV’ Baxter E. Manhattan Highland ‘JV’
  • 3. Wind Mountain Historic Production 299,259 oz Au recovered from 434,089 oz Au mined, with 1,769,426 oz Ag recovered (closure since 1997) Amax Gold Open Pit View looking north Amax Gold Heap Leach Amax Dump Status • Positive PEA (Scoping study) completed - shallow, oxide leach-grade resource, not incl. ‘waste’ piles • Data-sharing w/ U.S. Geothermal – they plan extensive seismic geophysics & possibly 2000’ drill hole in 2010 • Potential for bonanza-grade ‘feeders’ & additional disseminated Au/Ag
  • 4. Wind Mtn – Existing Resource Resource Estimate by Ore Reserves Engineering December 2007 Short Tons Grade opt Cut-off Oz. Au (tonnes) (g/t) Measured 33.7 MM 0.012 0.0075 406,000 + (30.6 MM) (0.411) (0.257) Indicated Inferred 9.8 MM 0.009 0.0075 92,000 (8.9 MM) (0.308) (0.257) Not 74 MM 0.006 444,000 currently (67.2 MM) (0.205) economic
  • 5. Wind Mtn – Existing Resource 0.005 opt (0.171 g/t) Au shell in green Breeze Open Pit Wind Open Pit View Looking NE Ore reserves Engineering 2007
  • 6. Wind Mtn – MDA’s 2010 PEA BASE CASE - Open-pit mining w/ trucks, shovels, ROM leaching, US$850/oz Au & $14.50/oz Ag Resource inside pits = 26.9 million short tons @ 0.012 oz Au/t, with 0.007 oz Au/t cutoff (~90% Measured + Indicated, ~10% Inferred) Gold Ounces mined = 320,000 Gold Ounces produced = 198,000 Waste: Ore Strip ratio = 0.7:1 Capital = Initial capital of $41.8 million w/ $4.4 million sustaining capital Mine Life = 4 years active mining with 2 additional years residual leaching and rinsing Life-of-mine cash cost per Au ounce = $497 after Ag credit of $86 per ounce of gold Total Pre-Tax cost per Au ounce = $719 after a Ag credit of $86 per ounce of gold IRR = 15% Pre-tax NVP @ 5% = $13.2 million
  • 7. Wind Mtn – MDA’s 2010 PEA Sensitivity – Base case w/ Au & Ag prices 20% higher ($1,020/oz Au & $17.40/oz Ag) Resource inside pits = 26.9 million short tons @ 0.012 oz Au/t, with 0.007 oz Au/t cutoff (~90% Measured + Indicated, ~10% Inferred) Gold Ounces mined = 320,000 Gold Ounces produced = 198,000 Waste: Ore Strip ratio = 0.7:1 Capital = Initial capital of $41.8 million w/ $4.4 million sustaining capital Mine Life = 4 years active mining with 2 additional years residual leaching and rinsing IRR = 38% Pre-tax NVP @ 5% = $43.7 million
  • 8. Wind Mtn – ‘Waste’ Pile Resource? West Dump
  • 9. Wind Mtn – ‘Waste’ Pile Resource 61% Au recovery, w/ low reagent use, Wind Mtn Dump Sampling (n=108 samples) half in 16 days 350 328 330 322 295 300 283 250 Bulk Dump Bulk sample average sample 220 200 column column Au in ppb 0.216 g/t test nearly test 150 “blinded completed 100 off” Head grade 50 Head grade 0.456 g/t 0 0.682 g/t South Dump Breese Dump West Dump +4" (blue) vs -4" (purple) ~9MM tonnes ‘Waste’ originally 0.216 g/t Au (~65K oz contained)
  • 10. Wind Mtn – Exploration Potential Looking SE Possible 2000‟ „gradient‟ well sites Altered areas surround possible buried intrusion here Flow dome Single hole w/ 60‟ 0.318 g/t Au @ bottom (TD 540‟)
  • 11. East Manhattan Gold Hill deposit (+2,000,000 oz Au, production 2010?) Round Mtn mine (+14,000,000 oz Au) Round Mtn Gold Co. 2009 Gold Wedge drilling, plans 2010 on our W Max Res. announced in 2009 development project (+100,000 oz Au) margin significant coarse gold at their East Manhattan Wash property Manhattan district (~1,000,000 oz Au, w/ ~500,000 oz Au from White Caps mine – Regional Magnetics w/ Echo Bay) Major Geologic Features
  • 12. East Manhattan drill sites recently Round Mtn Gold Best chip samples permitted 3m 23.8 g/t Au & 11.9 g/t Ag 1.5m 15.2 g/t Au & 16.5 g/t Ag Wash (Max Res.) East Manhattan FRX Mapping & Samples
  • 13. East Manhattan 4-6 core holes proposed in 2010
  • 15. Highland ‘JV’ Looking north Cross vein B A vein vein “A” vein Looking down Cross fault Resistivity Section w/ Interpreted Geology
  • 18. Zebra ‘JV’ NEARBY H.G. DEPOSITS Midas 3MM oz Au & 35 MM oz Ag Midas mine Hollister-Ivanhoe 1.8MM oz Au & 8.4MM oz Ag Zebra Fire Creek 1.05MM oz Au Clover Project 2003 Newmont drilling at north end of Zebra
  • 19. Zebra ‘JV’ – On Strike w/ Clover Yamana/Atna Clover 2007 Results - 7 Hole Program Drill hole From(ft) To(ft) Length(ft) Au oz/ton Ag oz/ton CV005 440 470 30 0.031 0.05 including 465 470 5 0.110 0.22 CV006 590 660 70 0.190 0.31 including 590 625 35 0.321 0.54 including 600 605 5 1.581 0.81 Yamana/Atna Clover 2008 Results - 10 Hole Program Hole No. From(ft) To(ft) Length (ft) Au oz/ton Ag oz/ton USCV009 760 810 50 0.017 0.48 815 845 30 0.084 0.14 including 830 835 5 0.404 0.15 USCV011 660 680 20 0.136 0.57 including 665 670 5 0.394 1.55 USCV012 695 710 15 0.403 0.49 including 695 700 5 1.123 1.27 USCV013 575 610 35 0.026 4.56 including 590 595 5 0.104 23.28 USCV016 635 660 25 0.071 4.58 including 635 640 5 0.161 6.42
  • 20. FRX Summary • Wind Mtn – Positive PEA completed, Technical Report underway. US Geothermal seismic/drilling in 2010. 100% FRX. • East Manhattan – Planned core drilling for high-grade Au vein potential, possible bulk-mineable. 100% FRX. • Highland & Buz „JV‟s – 3 more IP geophysical lines. Drilling planned w/ funding by Christopher James Gold (CGJ). 30% FRX after CGJ earns-in, FRX operator. • Zebra „JV‟ – Ground work planned for spring 2010, permitting after targets selected. Funding 50/50 FRX and CJG. 50% FRX after CJG earns-in, FRX operator. • Baxter – IP geophysical survey planned. 100% FRX. • Drayton, Mud Springs - Seek ‘JV’ partners, possible exposure to molybdenum market. 100% FRX. • Continue to evaluate potential new properties.
  • 21. Directors Joseph A. Kizis, Jr., P.Geo, President • 35 years of experience in minerals exploration, both with major mining companies and with junior explorers. • Past president of the Geological Society of Nevada. • President and a Director of Bravo Gold Corp, Fortune River Resource and Bravada Gold Corp. Lawrence Page, Q.C. • Corporate and Securities Law practice for 45 years. • Acted as an Officer and Director of many mineral exploration companies including six which brought their mineral properties into commercial production. • Principal and founder of the Manex Resource Group. Terry Eyton • His experience ranges from public and private audits to serving as a Board member on public companies. • Managing partner of a medium sized accounting firm in Vancouver, British Columbia. Richard Hughes • Proven track record and extensive experience in the management of public mineral exploration companies. • Involved in the discovery of some of the largest Canadian gold mines, e.g. the Golden Giant/Hemlo mine. • President of six mining exploration companies currently listed on the Toronto Stock Exchange. Michael Rowley, RPBio • 18 years executive experience with private companies in the mining and mineral testing industries. • Co-author of numerous mining related technical papers and two patents relating to mineral processing and mine water treatment.
  • 22. Corporate Information Symbol: TSX.V: FRX Frankfurt: RG7A Share Structure Year Range: $0.05 - $0.14 Shares Outstanding: 38.6 million Fully Diluted: 51.7 million Share Ownership Directors, Management & Close Associates – 35% Head Office #1100 – 1199 West Hastings St. Vancouver, BC V6E 3T www.fortuneriver.ca