NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  HIGH RIVER GOLD MINES LTD.

TSX SYMBOL:  HRG

OCTOBER 19, 2004 - 08:14 ET

High River Gold Receives Final Receipt for Short Form 
Prospectus

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2004) - NOT FOR DISTRIBUTION 
TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

High River Gold Mines Ltd. ("High River") is pleased to announce that it 
has obtained the final receipt dated October 18, 2004 for its short form 
prospectus in connection with the Cdn $50 million bought deal financing 
previously announced on October 5, 2004. The offering is scheduled to 
close on or about October 26, 2004.

High River is a junior gold producer with operations and development 
projects in Russia, West Africa, and Canada. Proceeds of the offering 
will be used by the Company for the development of the Berezitovy and 
Taparko/Bouroum Projects and for general corporate purposes.

The securities offered have not been registered under the U.S. 
Securities Act of 1933, as amended, and may not be offered or sold in 
the United States absent registration or applicable exemption from the 
registration requirements. This press release shall not constitute an 
offer to sell or the solicitation of an offer to buy nor shall there be 
any sale of the securities in any State in which such offer, 
solicitation or sale would be unlawful.

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