Fortress Announces $15 Million Private Placement

FORTRESS MINERALS CORP.

Suite #2101, 885 W. Georgia Street Vancouver, B.C. V6C 3E8 Ph. (604) 689-7842 www.fortressminerals.com

NEWS RELEASE

FORTRESS ANNOUNCES $15 MILLION PRIVATE PLACEMENT

December 15, 2010 (FST – TSXV)…Fortress Minerals Corp. (“the Company”) reports that subject to regulatory approval, it will carry out a non-brokered private placement of up to an aggregate of 5 million common shares of the Company at a price of $3.00 per share. A finder’s fee of up to 5% may be payable on a portion of the private placement. Net proceeds of the private placement will be used towards future acquisitions and general working capital purposes. The common shares issued pursuant to the private placement will be subject to a 4 month hold period.

On behalf of the Board of Directors, Ron Hochstein Chairman

Neither the 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.

For further information, please contact Sophia Shane, Corporate Development or Ryan Torvik, Chief Financial Officer at 604-689- 7842.