Bullion River Gold Corp.: Acquisition of Cimarron Mineral Exploration Project.

Business Editors

RENO, Nev.--(BUSINESS WIRE)--Feb. 20, 2004

Bullion River Gold Corp. (OTCBB:BLRV) has acquired an indirect interest in mineral claims in furtherance of its new business direction for the exploration of gold and silver in the western United States.

Cimarron Mining Corp., a wholly-owned subsidiary of Bullion River ("Cimarron"), has been assigned an option to acquire a 100% undivided right, title and interest in 30 unpatented mineral claims located in Nye County in the State of Nevada. The option was assigned from Golden Spike Mining, a Nevada corporation wholly-owned by Peter M. Kuhn, the director and president of Bullion River, for an assignment fee of $13,468. The owner of the mineral claims has consented in writing to the assignment.

The option agreement provides for a term of three years that expires on August 22, 2006. In order to keep the option in good standing, Cimarron is required to pay all annual lease maintenance fees and to incur exploration expenditures of at least $50,000 in each year.

If, and when, Cimarron exercises the option, it will have to pay the owner an additional $200,000 option payment and grant the owner a 1% net smelter royalty on the mineral claims. Cimarron can repurchase half of the 1% net smelter royalty (0.5 NSR) for a payment of $500,000 to the owner.

The Cimarron mineral exploration project is within the Walker Lane mineral belt in south-central Nevada, 30 kilometers north of Tonopah and 45 kilometers south of the Round Mountain gold mine (Barrick Gold Corp and Kinross Gold Corp) and 15 kilometers west of the Midway project (Newmont Mining Corp). The Cimarron project contains volcanic-hosted epithermal gold mineralization associated with rhyolite dikes and flow domes. Previous drilling through 1997 has defined a resource of approximately 52,000 ounces gold (1.57 million tonnes grading 1.31 g/t Au). A number of high-grade (+10 g/t Au) vein and breccia zones occur within and adjacent to this resource and elsewhere in the district, with rock-chip samples reaching 107 g/t Au. Recent sampling by Cimarron has confirmed the high grades, with rock-chip samples returning values to 30.2 g/t Au. Analysis of the resource area and other parts of the district is underway, with preliminary results indicating that mineralization in the resource area is open along strike and that additional high-grade structures have not been adequately tested. A drilling program will be outlined pending final results of the analysis.

Also, through its other wholly-owned subsidiaries, Bullion River is currently negotiating for the assignment of several other mineral properties located in the western United States. Once the negotiations have been completed and the parties have reached an agreement on the assignment terms, Bullion River will disclose additional information with respect to these other mineral claims.

About Bullion River Gold Corp.

Bullion River Gold Corp. is a mineral exploration company focusing on regions containing gold-silver deposits. The company's primary focus is the Great Basin in the Western United States and the Motherlode belt of California. Bullion River Gold Corp. seeks projects that contain or have potential to contain high grades and large tonnage potential. The company will also focus on projects that contain potential for mineralization concealed under post-mineral cover.

Approved by the Board of Directors:

BULLION RIVER GOLD CORP.

PETER M. KUHN, President

For more information, contact Bullion River Gold Corp. at [phone] or at [e-mail] or visit the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review the Bullion River's latest filings.

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.