Fire River Gold Provides Additional Information Regarding Credit Facility

Fire River Gold Provides Additional Information Regarding Credit Facility
April 23, 2012 Vancouver, Canada -­‐‑ Fire River Gold Corp. and Mystery Creek Resources Inc. (the “Company”)
[TSX.V: FAU| OTCQX: FVGCF| FSE: FWR] is pleased to provide additional information concerning the $12.75 million goldbacked
credit facility (the "Credit Facility") with Waterton Global Value, L.P.("Waterton") previously announced April 3, 2012.
As previously disclosed, the Credit Facility bears interest at a fixed rate of 5% per annum, consists of a single drawdown on
closing and is repayable in 18 monthly instalments, beginning October 2012. The Credit Facility may be repaid, at Waterton’s
option, in either cash or ounces of gold at 78% of the then prevailing gold price.
As part of the transaction, the Company has also agreed to sell to Waterton all of the gold and silver produced from the CIL plant
until April 30, 2014 pursuant to a gold and silver supply agreement (the “Supply Agreement”) at approximately 99% of current
prices. This represents approximately 20% of the mined product; the larger portion is sold under an existing agreement with
Glencore Ltd. in the form of a gold and silver rich copper concentrate.
In connection with the Credit Facility, the Company paid Waterton a cash structuring fee of $255,000 and issued warrants (the
“Warrants”) to Waterton to purchase 8,250,000 common shares priced at $0.23575 per common share. The Warrants expire three
years from the date of closing and are subject to a four month hold period in accordance with applicable Canadian securities laws.
In addition, the Company paid a finder’s fee of USD $255,000 to Global Hunter Securities.
On behalf of the Board of Directors,
Richard Goodwin
Cautionary Note Regarding Forward-Looking Statements