Canadian Warrants

The warrants are being issued in connection with a prospectus offering of units by the company, each unit consisting of one common share and one-half of a warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of 80 cents per share for a period of 24 months from closing of the offering.

The warrants will be governed by the terms of a warrant indenture between the company and Computershare Trust Company of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Please see elsewhere in Stockwatch today for a bulletin for information regarding the additional listing of common shares.
 
Fortune Minerals to list 4,775,000 warrants on July 26
 
2007-07-24 18:12 MT - Warrants Called to Trade
TSX bulletin 2007-1057
A total of 4,775,000 common share purchase warrants of Fortune Minerals Ltd. will be listed and posted for trading at the open on Thursday, July 26, 2007, under the following trading information:
 
Warrant symbol: FT.WT
Warrant Cusip No.: 34967D 13 5
Trading currency: Canadian dollars
Designated market-maker: Jones, Gable & Co. Ltd.
Other markets: None
 
The warrants are being issued in connection with a prospectus offering of units by the company, each unit consisting of one common share and one-half of a warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of $3.75 per share for a period of 24 months from closing of the offering. The warrants will be governed by the terms of a warrant indenture between the company and Computershare Trust Co. of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization. Please see elsewhere in today's Toronto Stock Exchange bulletins for information regarding the prospectus offering of the additional listing of common shares underlying the units.