Fortune Minerals files technical report for NICO project

Issued Capital: 150,526,976

TORONTO, May 7, 2014 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company")  is pleased to announce that, further to its press release dated April 2, 2014, the NI 43-101 compliant technical report for the updated mineral reserves and economics for its 100% owned NICO gold-cobalt-bismuth-copper project has been filed and will shortly be available on SEDAR (www.sedar.com) and through the Company's web site (www.fortuneminerals.com).

About Fortune Minerals:

Fortune is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Arctos Anthracite Project in British Columbia and the vertically integrated NICO gold-cobalt-bismuth-copper project that is comprised of a mine and mill in the Northwest Territories ("NT") that will produce a bulk concentrate for shipment to a refinery for processing to high value metal products. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

SOURCE: Fortune Minerals Limited

Fortune Minerals Limited, Robin Goad, President, or Troy Nazarewicz, Investor Relations Manager, [email protected], Tel.: [phone], www.fortuneminerals.com; Renmark Financial Communications, Barbara Komorowski: [email protected], or Farialle Pacha: [email protected], Montreal Tel: [phone], Toronto Tel. [phone], www.renmarkfinancial.com