Fortune Minerals Releases Second Quarter 2011 Results

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

August 12, 2011 Issued Capital: 108,644,814

NEWS RELEASE

FORTUNE MINERALS RELEASES SECOND QUARTER 2011 RESULTS

Fortune Minerals Limited (TSX-FT) (“Fortune Minerals” or the “Company”) is pleased to announce that its consolidated financial statements and management’s discussion and analysis of financial condition and results of operations for the period ended June 30, 2011 have been filed and will shortly be available on SEDAR (www.sedar.com) or through the Company’s web site (www.fortuneminerals.com).

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 the Mount Klappan anthracite metallurgical coal deposits in British Columbia and the NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories (“NT”). As part of the development of the NICO deposit, Fortune is developing a metals processing plant in Saskatchewan and has acquired the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled, moved, and stored for relocation to NICO. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. 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 Troy Nazarewicz, I.R. Manager Vladie White: [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

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