Fortune Minerals Files Report of Voting Results for 2010 Annual Meeting

FORTUNE MINERALS LIMITED 140 Fullarton Street, Suite 1902, London, Ontario, Canada N6A 5P2 Tel. 519-858-8188 ~ Fax. 519-858-8155

October 13, 2010 Issued Capital: 103,716,213

NEWS RELEASE

FORTUNE MINERALS FILES REPORT OF VOTING RESULTS FOR 2010 ANNUAL MEETING

Fortune Minerals Limited (TSX-FT) (“Fortune Minerals” or the “Company”) advises that it has filed its report of voting results in respect of its annual meeting of shareholders held on May 18, 2010. The report was inadvertently not filed as required promptly following the meeting but has now been filed on SEDAR and is available under the Company’s profile at www.sedar.com. At the annual meeting the shareholders of the Company elected Robin Goad, George Doumet, David Knight, William Breukelman, James Excell, Carl Clouter, James Currie, Shou Wu (Grant) Chen and Mahendra Naik as directors of the Company and appointed Ernst & Young LLP to serve as auditors of the Company and authorized the directors to fix the remuneration of the auditors

About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

For further information please contact:

Fortune Minerals Limited Renmark Financial Communications

Robin Goad, President, or Barbara Komorowski: [email protected], or Lindsay Simmons, IR Coordinator Christine Stewart: [email protected] [email protected] Montreal Tel: (514) 939-3989, Toronto Tel. (416) 644-2020 Tel.: (519) 858-8188 Montreal Fax: (514) 939-3717, Toronto Fax. (416) 644-2021 Fax: (519) 858-8155 www.renmarkfinancial.com www.fortuneminerals.com