Fortune Minerals releases 2009 annual results

Issued Capital: 94,779,407

TORONTO, March 26 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce that its annual audited consolidated financial statements and management's discussion and analysis of financial conditions and results of operations for the year ended December 31, 2009 have been filed and, together with the Company's other filed documents, will shortly be available on Sedar (www.sedar.com) or through the Company's web site (www.fortuneminerals.com).

About Fortune Minerals:

Fortune Minerals 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 its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

For further information: Fortune Minerals Limited, Robin Goad, President - or - Lindsay Simmons, IR Coordinator, [email protected], Tel.: [phone], Fax: [phone], www.fortuneminerals.com; Renmark Financial Communications, Dan Symons: [email protected] - or - Barbara Komorowski: [email protected]; Media Contact: Guy Hurd: [email protected], Tel: [phone], Fax: [phone], www.renmarkfinancial.com