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04/27/12 11:48 PM

#895287 RE: hemerage #895272

~FOGC .0002 advised on the potential of the.SILVER.claims.in.BC,Canada, currently pursued by Alta Mining


HENDERSON, Nev. — Fortune Oil and Gas, Inc. (FOGC; http://www.fortuneoilandgascorp.com)
subsidiary Alta Mining advised on the potential of the silver claims in BC, Canada, currently pursued by Alta
Mining. Area of the claim offers good road infrastructure, an operating mill located less than 50 km from the
property and access to experienced labor. All these conveniences would lower operational costs and
allow Alta Mining to extend seasonal mining operations to about 200 days/year.

Company based the following calculation on a sober and a very rough estimate of producing only 5
ounces of silver per metric ton (reported showings of silver in the area of the Alta Mining claim
show up to 80 ounces of silver per metric ton).


Estimated 5oz/ton would set the daily silver production at about 1,000 oz/day, and with the
current price of silver this property can potentially produce $50,000 in daily revenues, and
approximately $10 million in total annual revenues (these calculations are based on production
predictions totalling around 200 tons of ore daily, and with secondary production of zinc and lead
usually sufficient to cover the whole silver mining production expenses).


The company advises that these are just rough estimates based on the location’s historical
productions, while the actual surveys are yet to be executed. The management believes that
geological and structural features of the previously explored areas seemed to indicate that the
mineralized zones could be much more extensive over already known silver bearing systems.

The company plans to continue to work on building a significant position in the region and
provide benefits for their shareholders.