FTMDF Fortune Minerals Ltd (QB)

Issued Capital: 121,276,976

LONDON, ON, July 16, 2013 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it inaccurately referred to two Tahltan Nation
employees as "members of the Tahltan Heritage Resources Environmental
Assessment Team" in the earlier Fortune News Release dated July 16,
2013.

The relevant excerpt from the original news release was as follows:

"Members of the Tahltan and Gitxsan First Nations have been hired for
various archaeological, drilling and hydrology roles and contribute to
the knowledge of the EA process and consultation. The archaeological
team includes two members of the Tahltan Heritage Resources
Environmental Assessment Team - a technical working group comprised of
community and technical experts that reports to the Tahltan Nation
through the Tahltan Central Council."

The corrected statement is as follows:

"Members of the Tahltan and Gitxsan First Nations have been hired for
various archaeological, drilling and hydrology roles that will
contribute to the collection of baseline environmental data for the EA
process."

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.

This press release contains forward-looking information.  This
forward-looking information includes, or may be based upon, estimates,
forecasts, and statements as to management's expectations with respect
to, among other things, the proposed development of the Arctos project
and the NICO project and production from the NICO project.
Forward-looking information is based on the opinions and estimates of
management as well as certain assumptions at the date the information
is given (including, in respect of the forward-looking information
contained in this press release, assumptions regarding the Company's
business and ability to generate sufficient funds and obtain approvals
and/or permits as required). However, such forward-looking information
is subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking information.  These factors
include the risk that the Company may not be able to arrange necessary
financing, the inherent risks involved in the exploration and
development of mineral properties and uncertainties with respect to the
receipt or timing of required permits and regulatory approvals and
other factors. Readers are cautioned to not place undue reliance on
forward-looking information because it is possible that predictions,
forecasts, projections and other forms of forward-looking information
will not be achieved by the Company. The forward-looking information
contained herein is given as of the date hereof and the Company assumes
no responsibility to update or revise such information to reflect new
events or circumstances, except as required by law.

SOURCE Fortune Minerals Limited