VANCOUVER,
Aug. 12, 2013 /CNW/ - Fire River Gold
Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company" or
"Fire River") announces that it has not made the $796,875 principal payment to Waterton Global
Value, L.P. ("Lender") as per the terms of the Senior Secured Gold
Stream Credit Agreement (the "Credit Facility") which payment was
due on July 31, 2013.
The Company is working with its Lender and other
parties to come up with a plan to settle the indebtedness under the
Credit Facility, which plan may involve the Lender realizing upon
the security granted to it pursuant to the Credit Facility and
result in the loss of substantially all of the Company's
assets.
FIRE RIVER GOLD CORP.
"Blane W. Wilson"
______________________
Blane W. Wilson
President and CEO
Cautionary Statement Regarding Forward-Looking Information
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release
contains forward-looking statements regarding the business and
operations of Fire River Gold. In particular, statements regarding
use of proceeds and production targets in the upcoming years are
forward-looking statements. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from Fire River's plans or expectations include
risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time
to time in the filings made by Fire River with securities
regulators. Fire River expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
SOURCE Fire River Gold Corp.