Fire River Gold Moves to Tier 1 on the TSX Venture Exchange

VANCOUVER, Mar 8, 2011 (Canada NewsWire via COMTEX News Network) --

FAU: TSX.V FVGCF: OTCQX FWR: FSE

Fire River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the "Company") is pleased to announce that in accordance with the TSX Venture Exchange's ("TSX.V") Policy 2.5, the Company has met the requirements for a Tier 1 company. Therefore, effective at market open, Tuesday, March 8, 2011, FAU's tier classification will change from Tier 2 to Tier 1 - mining issuer, trading symbol: TSX.V:FAU.

Richard Goodwin, President & COO for FAU stated: "Our team has worked very hard over the past few years to build this company" said Mr. Richard Goodwin, President of Fire River Gold, "We are proud to achieve this benchmark and pleased to get this recognition from the TSX V."

About Fire River Gold Corp. Fire River Gold Corp. is a near term production company with an experienced technical team focused on bringing its flagship project, the Nixon Fork Gold Mine, back into production in 2011. The Nixon Fork Gold Mine is a permitted and bonded mine which include a ~200 tpd processing plant with a gravity gold circuit, sulphide flotation circuit and a gold recovery system (CIL circuit) that is scheduled to be completed by Summer 2011. The mine also includes a fleet of surface & underground mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.2 km long landing strip.

Fire River Gold Corp is a member of the International Metals Group.

On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.

"signed"

Richard Goodwin President & C.O.O