New Surface Trend Defined At McVicar Project

VANCOUVER - Cross River Ventures Corp. reported that phase 1 field work is now complete on all properties. Sample assay results at the 12,000-ha McVicar Gold Project, located in NW Ontario, Canada, have now outlined a new, approximately 700m long, mineralized trend south of the Chellow Vein. This trend, which is open in all directions, will now be called the "Bear Head Trend". A team of four personnel, contracted by Bayside Geoscience of Thunder Bay Ontario, recently completed a 28-day field program at the McVicar. The team conducted prospecting and mapping around areas of historic gold ("Au") mineralization in the Chellow Vein, AGM Zone and Altered Zone areas. Additionally, the crew investigated interpreted structural targets across the property. A total of 354 grab samples were collected during the program with six grab samples returning values of greater than 1 gram-per-tonne "(g/t") Au.

Of these samples, two confirmatory samples taken from the Chellow Vein returned 19.75 g/t Au and 6.63 g/t Au from stripped outcrops. These samples demonstrate the high grade of the Chellow Vein, and they are consistent with sampling completed by previous operators. Two samples taken from approximately 600m south of the Chellow Vein, which returned values of 19.75 g/t Au and 1.415 g/t Au respectively, represent new surface discoveries of Au mineralization at McVicar. These samples were collected from a sheared and silicified mafic volcanic that contained 1-10cm wide smokey-blue quart veins. The samples lie proximal to the southern contact between mafic volcanics and granites along the Bearhead Fault Zone. Follow up exploration programs will focus on the Bearhead Fault Zone to better define the extent, width, and grade of Au mineralization. A single grab sample returned 1.67 g/t Au within a sericite and silica altered intermediate volcanic rock within the northeast extent of the Bearhead Fault Zone. No previous sampling in the area returned Au mineralization. Further work will be required to determine the significance of this sample in the context of the Bearhead Fault Zone mineralized system.