Fortune Minerals Files Technical Report for NICO Project

FORTUNE MINERALS LIMITED 148 Fullarton Street, Suite 1600, London, Ontario, Canada N6A 5P3 Tel. 519-858-8188 ~ Fax. 519-858-8155

May 7, 2014 Issued Capital: 150,526,976

NEWS RELEASE

FORTUNE MINERALS FILES TECHNICAL REPORT FOR NICO PROJECT

Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (“Fortune” or the “Company”) is pleased to announce that, further to its press release dated April 2, 2014, the NI 43-101 compliant technical report for the updated mineral reserves and economics for its 100% owned NICO gold-cobaltbismuth-copper project has been filed and will shortly be available on SEDAR (www.sedar.com) and through the Company’s web site (www.fortuneminerals.com).

About Fortune Minerals:

Fortune 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 the Arctos Anthracite Project in British Columbia and the vertically integrated NICO gold-cobalt-bismuth-copper project that is comprised of a mine and mill in the Northwest Territories (“NT”) that will produce a bulk concentrate for shipment to a refinery for processing to high value metal products. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune 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 Troy Nazarewicz Farialle Pacha: [email protected] Investor Relations Manager Montreal Tel: (514) 939-3989, Toronto Tel. (416) 644-2020 [email protected] www.renmarkfinancial.com Tel.: (519) 858-8188 www.fortuneminerals.com