FORTRESS MINERALS CORP. Suite #2101, 885 W. Georgia Street

Vancouver, B.C. V6C 3E8 Telephone: (604) 689-7842

PRESS RELEASE

FORTRESS INTERCEPTS 10.1 METRES GRADING 38.48 G/T GOLD AT TAMARA TARGET AREA ON THE SVETLOYE PROJECT IN RUSSIA

November 1, 2006 (FST-TSXV) … Fortress Minerals Corp. (“Fortress” or “the Company”) is pleased to announce additional drill results from Elena and its first results from Tamara at the Svetloye gold project in Eastern Russia. Elena and Tamara are two of seven large epithermal gold target areas that have been defined by surface geochemical sampling and geological mapping within the project area. Please see attached map and sections. PDSC-049, the first hole drilled by Fortress on the Tamara target, returned 46.4 metres grading 8.85 grams per tonne gold including 10.1 metres grading 38.48 grams per tonne gold. This hole was drilled across a structure that had been previously trenched, which returned 3.90 grams per tonne gold over 50.5 metres. At the Elena target, highlights include drill hole PDSC-036, which returned 43.1 metres grading 9.06 grams per tonne gold, including 24.4 metres grading 14.38 grams per tonne gold (note that PDSC-036 was drilled from the same collar location (within 5 metres) and at the same angle as PDSC-005, which was drilled by the previous operator, and confirmed the grade of PDSC-005: 38.2 metres grading 8.92 grams per tonne gold). In addition, PDSC-044 returned 69.6 metres grading 2.17 grams per tonne gold, including 16.9 metres grading 3.91 grams per tonne gold and PDSC-045 intersected 65.0 metres grading 2.47 grams per tonne gold, including 20 metres grading 4.59 grams per tonne gold. Most of the holes reported in the tables below intersected near-surface mineralization. Work carried out on the Svetloye project has identified a 7-square-kilometre zone of epithermal gold mineralization. Gold is associated with extensive zones of vuggy silica, alunite and late stage veins. This style of mineralization is common to Pierina, Veladero and other 'high sulphidation' epithermal deposits. The rocks are oxidized to a depth of approximately 80 -150 metres based on the drilling to date. Ron Hochstein, President of Fortress, commented, “The drill results from the Tamara and Elena targets indicate potentially large and well mineralized systems. The seven target areas at the project have all shown very encouraging surface results from trenching and geochemical sampling. It is gratifying to see these excellent surface results confirmed by drilling on Elena and Tamara.” Mr. Thomas Bowens, M.Sc., P.Geo., Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. Samples are prepared and analyzed by DalGeophysical Laboratory, Khabarovsk Russia (accredited by the State Committee of the Russian Federation for Standardization and Metrology “Gosstandart” of Russia). All samples are then sent for confirmatory analyses to American Assay Labs, Reno, Nevada or ALS Chemex, Vancouver BC. Note that some of the holes in this release have not yet been assayed by a North American lab, in which case the DalGeophysical assays are used and noted in the tables below. Samples from all drill holes completed to date include pulp standards and blanks inserted as part of Fortress’ Quality Control Program at a frequency of one standard for approximately every ten samples submitted.

Svetloye Drill Results

Tamara Area

Hole ID Type UTM East UTM North

Inclination Azimuth

Total Length

(m)

Intercept (m)

From (m)

To (m)

Gold (g/t)

Lab & Notes

PDSC-049 Diamond 6487844 424007

-55 90 53.0 46.4 12.7 59.1 8.85 Dalgeophysical

incl. 10.1 36.8 46.9 38.48

Svetloye Drill Results

Elena Area

Hole ID Type UTM East UTM North

Inclination Azimuth

Total Length

(m)

Intercept (m)

From (m)

To (m)

Gold (g/t)

Lab & Notes

PDSC-032 Diamond 6487451 425557

-60 255 91.7 26.4 6.8 33.2 1.82 American

Assay

PDSC-036 Diamond 6487559 425328

-60 90 126.0 43.1 8.0 51.1 9.06 American

Assay incl. 24.4 10.0 34.4 14.38

PDSC-037 Diamond 6487551 425607

-60 270 174.0 8.0 12.0 20.0 0.64 American

Assay and 31.4 68.0 99.4 0.71 incl. 13.4 74.0 87.4 1.10

PDSC-038 Diamond 6487400 425520

-60 270 125.5 No significant

intercepts

PDSC-039 Diamond 6487442 425279

-60 90 161.7 27.1 14.7 41.8 0.79 American

Assay incl. 6.4 23.0 29.4 2.09

PDSC-040 Diamond 6487499 425368

-60 90 170.8 53.6 0.0 53.6 1.99 Dalgeophysical

incl. 14.3 0.0 14.3 4.35

PDSC-042 Diamond 6487585 425350

-60 90 165.0 5.7 18.0 23.7 1.60 American

Assay and 4.5 67.8 72.3 1.15

PDSC-044 Diamond 6487500 425460

-60 90 86.8 69.6 0.0 69.6 2.17* Dalgeophysical

incl. 16.9 5.8 22.7 3.91 and incl. 28.0 37.4 65.4 2.63

PDSC-045 Diamond 6487498 425414

-60 90 146.2 65.0 0.0 65.0 2.47 Dalgeophysical

incl. 20.0 27.0 47.0 4.59

PDSR-001 Reverse Circulation

6487498 425523

-90 0 158.6 40.0 24.0 64.0 1.13 American

Assay incl. 10.0 46.0 56.0 3.19

PDSR-002 Reverse Circulation

6487497 425680

-60 270 125.4 No significant

results

PDSR-003 Reverse Circulation

6487398 425600

-60 270 156.0 No significant

results

PDSR-004 Reverse Circulation

6487497 425601

-60 270 102.0 22.0 18.0 40.0 1.09 American

Assay * includes 6.2 metres at 0.225 grams per tonne gold from 29.4 to 35.6 metres ON BEHALF OF THE BOARD Ron F. Hochstein President For further information please contact Sophia Shane 604 689 7842. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This News Release contains forward-looking statements concerning the Company’s plans for its principal property in Russia. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company’s exploration and development of its principal property in Russia, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company’s periodic filings with the British Columbia Securities Commission. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.