Fortunate Sun Mining Company Ltd. (TSX VENTURE:FSM) (the "Company") is pleased
to announce that all permits have now been received in order to begin the
proposed 1700 meter diamond drilling program at the company's Golconda property
in Sonora Mexico.


On January 27th of 2011, Fortunate Sun S.A de C.V., a wholly owned subsidiary of
Fortunate Sun Mining Company Ltd., collectively known as "FSM", entered into an
agreement with Minera Coplau S.A. de C.V., a private Mexican company based in
Hermosillo Mexico, to explore the Golconda property. The terms of the agreement
state that FSM must spend a minimum of $250K U.S. on the project in the first
year of the agreement and a total of $2.5 million U.S. over four years to earn a
100% in the Golconda project. The property is located in the southwest corner of
the state of Sonora Mexico and is accessible to manpower and all suitable
infrastructure required to complete the program. 


In order to qualify as the company's Initial Public Offering (IPO) project, the
terms set out by the TSX Venture Exchange state that the company must conduct a
minimum of $400K U.S. worth of work on the project in the first year following
the acceptance date of the agreement. The project is expected to take approx. 45
days and is set to begin in the next two weeks following the date of this
release. FSM's VP Exploration, Mr. Kristian Whitehead, will be overseeing the
program at Golconda. 


"We are very excited about the prospects of getting started drilling at our core
project, Golconda as we enter the Spring of 2012," stated Reg Advocaat,
President of FSM. 


On behalf of the Board of Directors,

Reg Advocaat, President and CEO

This news release may contain forward looking statements including but not
limited to, information regarding geological interpretations, resources,
potential timing and content of exploration programs, production schedules and
projections, receipt of permits, company financings etc. Forward looking
statements refer to events and conditions which have not yet taken place and
therefore involve inherent risks and uncertainties. Actual results may differ
materially from those anticipated in these statements. Fortunate Sun relies on
litigation protection for forward looking statements.


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