NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  HIGH RIVER GOLD MINES LTD.

TSX SYMBOL:  HRG

OCTOBER 15, 2004 - 16:30 ET

High River Gold Amends 2004 Q1 and Q2 Financial Results

TORONTO, ONTARIO--(CCNMatthews - Oct. 15, 2004) - (TSX:HRG) - As a 
result of a review of its 2004 interim financial statements, in 
connection with the current short form prospectus offering, the Company 
has amended and restated financial statements and revised Management's 
Discussion and Analysis for the quarters ended March 31, 2004 and June 
30, 2004.

The amended and restated disclosure reduces net income in each quarter 
by $250,000 to reflect the amortization of a stock option benefit 
expense related to option grants in 2003 and 2002. The expense was 
properly reported in the interim and annual financial statements in 
2003. Net income for the first quarter of 2004 has been revised to 
$1,193,000 and to $1,478,000 for the second quarter of 2004. The 
amendments have no net impact on the statements of consolidated cash 
flows or on shareholders' equity.

The amended and restated financial statements and revised Management's 
Discussion and Analysis can be viewed at www.sedar.com.

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