Bullion River Gold Corp.: Assignment of North Fork Properties.

Business Editors

RENO, Nev.--(BUSINESS WIRE)--Feb. 24, 2004

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

North Fork Mining Corp., a wholly-owned subsidiary of Bullion River ("North Fork"), has been assigned three options to acquire a 100% undivided right, title and interest in an aggregate 42 unpatented mineral claims located in Sierra County in the State of California. The options were assigned from Golden Spike Mining, a Nevada corporation majority-owned by Peter M. Kuhn, the director and president of Bullion River, for an aggregate assignment fee of $109,115. The owners of the mineral claims have consented in writing to the assignment.

The first option agreement provides for a term of five years that expires on July 1, 2007 with 27 unpatented mineral claims being optioned. The second option agreement provides for a term of five years also that expires on July 3, 2007 with eight unpatented mineral claims being optioned. In order to keep these two options in good standing, North Fork is required to pay to each owner a minimum royalty payment of (1) $250 per month in year two, (2) $500 per month in year three, (3) $1,000 per month in year four, and (4) the greater of $5,000 per month or a 5% net smelter royalty in year five. North Fork is also required to make all maintenance and lease payments to keep these mineral claims in good standing during the term of the option.

If North Form makes all of the these minimum royalty payments, then at the end of the five year term North Fork will have acquired a 100% undivided right, title and interest in these 35 unpatented mineral claims subject only to a 5% net smelter royalty payable to each owner on its respective mineral claims. Royalty payments will be required to be made until North Fork has made payments to each owner in the aggregate of $750,000. All prior payments made by North Form to the owners, including all minimum royalty payments, will be deducted from the $750,000 purchase price.

The third option agreement has no term with seven unpatented mineral claims being optioned. To acquire an undivided 100% interest in these mineral claims, North Fork must (1) pay the owner $10,000 upon first completing a drilling and exploration program and deciding to continue with exploration, and (2) pay the owner $70,000 upon completing a second stage of drilling and exploration and deciding to continue with exploration.

The North Fork project is within the Alleghany mining district in the northern part of the Mother Lode belt in Sierra County, California. The project is 3.8 kilometers northwest of the Sixteen-to-One mine and 37 kilometers northeast of Grass Valley, where EMGOLD Mining Corporation has outlined a resource of 1.4 Moz Au at the geologically-similar Idaho-Maryland mine. Mineralization at North Fork consists of a gold-bearing mesothermal quartz vein system at least 800 feet (240 meters) in width and 7,600 feet (2.3 kilometers) in strike length. From about 1910 to 1940, more than 6,000 feet of underground workings were developed on three levels. A large percentage of samples collected during this period yielded assays grading greater than 1 opt Au (34 g/t). Bullion River Gold has obtained the necessary permits for underground rehabilitation and exploration drilling and plans an aggressive underground exploration program commencing in April 2004.

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.