Bullion River Gold Corp.: Acquisition of Mineral Exploration Properties.

Business Editors

RENO, Nev.--(BUSINESS WIRE)--Jan. 26, 2004

Bullion River Gold Corp. (OTCBB:BLRV) has changed its business to mineral exploration with a focus on gold and silver properties in the western United States. As a result, Bullion River has acquired an indirect interest in mineral claims. Antone Canyon Mining Corp., a wholly-owned subsidiary of Bullion River, has been assigned an option to acquire a 100% undivided right, title and interest in 60 unpatented mineral claims located in Nye County in the State of Nevada. The option was assigned from Golden Spike Mining, a Nevada corporation majority-owned by Peter M. Kuhn, the director and president of Bullion River, for an assignment fee of $146,142. The owner of the mineral claims has consented in writing to the assignment.

The option agreement provides for a term 10 years that expires on December 11, 2012. In order to keep the option in good standing, Antone Canyon is required to pay the owner of the mineral claims an annual payment of $40,000 until the expiration of the option or until Antone Canyon exercises the option.

If, and when, Antone Canyon exercises the option, it will have to choose one of the three payment options, which are (1) $4,000,000, (2) $400,000 plus a 3% net smelter return, or (3) $2,500,000 plus a 1% net smelter return.

The Antone Canyon mineral claims contain sediment-hosted, high grade gold mineralization within the silicified stockwork zones and coarse, visible gold occurs locally. Mineralization has been tested by trenching and shallow drilling to within 500 feet of surface and remains open along strike and down dip. The results in the trenches, executed by Golden Spike Mining in late 2002, included 18.3 grams/tonne Au over 15.2 metres containing 67.5g/t Au over 3.0m. Only 5 shallow drill holes totaling about 540 m were drilled by North Mining in 1999 in addition to the 55 holes totaling 5,500 m drilled by Freeport exploration in the early 1980s. The drill intersections included 24.5 g/t Au over 3.0 m; 38.7 g/t Au over 1.5 m; and 31.5 g/t Au over 1.5 m within 6.1 m of 12.4 g/t Au. Furthermore, the mineral claims contain old workings from 1878 to the 1960s in which high grade silver was successfully mined. The minerals claims are located eight miles east of the world class Round Mountain Mine.

Also, through its other wholly-owned subsidiaries, Bullion River is currently negotiating for the assignment of several other mineral claims located in the southwestern 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.

Approved by the Board of Directors:

Bullion River Gold Corp.

Per: 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 expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligations to update the statements contained in this release.