VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST) reports that, subject to TSX Venture Exchange ("TSX-V") acceptance, the Company will settle existing loans from a non-arms length creditor totaling in aggregate Cdn $2 million (plus accrued interest in the amount of Cdn $54,593.61) by the issue of common shares of the Company. Based on a price of Cdn $2.73 per share, being the TSX-V closing price of the Company's common shares on December 13, 2010, less allowable discounts pursuant to TSX-V policy, the Company proposes to issue approximately 752,598 common shares in satisfaction of the loans. The common shares issued to the creditor shall be subject to a four month hold period from the date of issue.

On behalf of the Board of Directors,

Lukas Lundin, President and CEO