News Release

First Narrows Intersects Porphyry Style Molybdenum-Copper Mineralization at

Falls Creek Property, New Brunswick

32 meter porphyry-style Mo-Cu zone intersected in hole #005; drilling of hole #006 in progress

Vancouver, BC – November 16, 2007 - First Narrows Resources Corp. (TSX-V: UNO and OTC US: FNRWF) (the “Company”) is pleased to report that ongoing drilling at its Falls Creek Property has intersected a mineralized, altered, structural zone containing disseminated pyrite, molybdenite, and chalcopyrite at depth beneath several narrow zones containing nuggety molybdenite in hole 4717-07-005 in the Dungarvon Granite.� Alteration varies from strong to weak through much of the hole.� The core is being examined and logged in detail, and samples will be sent for analysis forthwith.� Drilling of hole 4717-07-006 is in progress.

Hole 4717-07-005, collared approximately 139 meters east of hole 4717-07-004, inclined at -60� on a bearing of 255�, was drilled to a depth of 422 meters.� Coarse nuggety molybdenite up to 1.5 x 0.5 cm was intersected between 51.20 and 51.47 meters in intensely clay altered and saussuritized granite.� A massive quartz vein intersected at 360.24 to 360.50 meters contained small veinlets of massive molybdenite parallel to the vein contact at about 30� to the core axis.� Fine grained disseminated molybdenite occurs from 390 to 422 meters with associated finely disseminated chalcopyrite, pyrite, and very minor arsenopyrite, in an altered, bleached, quartz flooded breccia or fracture zone.� Hole #-005 ended in mineralization and will be deepened following the completion of hole #-006.

The drilling program is producing the first details about the rock types and potential economic mineralization related to the Dungarvon Granite.� The intrusive suite of rocks (collectively, the “Dungarvon Granite”) consists of granite, alaskite, quartz monzonite, monzonite, and granodiorite.� The country rock to the east of the intrusive complex is basalt.� The dips of the granite-basalt contact and the mineralized zones are not yet known.� The tungsten-molybdenum (W-Mo) and molybdenum-copper (Mo-Cu) systems are open on-trend to the north and south and, perhaps of equal significance, mineralization persists as far west (approximately 160 meters) of the granite contact as the current drilling extends.� The Dungarvon Granite is now considered to be well mineralized and to have significant potential for the occurrence of several styles of economic W-Mo and Mo-Cu mineralization.�

�Hole #-006 is being drilled to intersect (approximately 35 meters vertically below the equivalent zones in hole #-005) both the easterly system of altered granite, greisen, and quartz veins with associated nuggety Mo and W, and the westerly structural system of porphyry-style Mo-Cu mineralization.� Hole #-007 will be collared to provide a nearer surface intersection of the porphyry style Mo-Cu mineralization.

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There is no record of porphyry style Mo-Cu mineralization having been previously recognized in the Dungarvon Granite. �Historical prospecting located W-Mo mineralization in pegmatite and greisen.� To the south and to the west of the current area of drilling there are numerous documented mineral showings of base metals, uranium, and gold.� First Narrows recently acquired a 100% interest in the majority of these showings through claim staking.�

The Falls Creek property now consists of 543 claims, covering 8,688 hectares (21,469 acres), situated 45 kms (28 mi.) southwest of the Company’s Chester copper-polymetallic project, and extending from about 25 to 33 kms (15.5 to 20.5 mi.) north of the village of Boiestown in the little-explored regions of New Brunswick’s Central Highlands.� First Narrows owns, or has the right to earn, a 100% interest in the property.�

Earnest Brooks, P.Geo., the Company’s Qualified Person, has reviewed and verified the contents of this news release.�

About First Narrows Resources Corp.:

First Narrows Resources Corp. (TSX-V: UNO) is a Canadian-based mineral exploration company whose corporate strategy is to develop overlooked and undervalued mineral properties that offer near term production potential. �The Company has active projects in the Province of New Brunswick, Canada and in the State of Sonora, Mexico.� The most advanced project is the 100%-owned Chester copper-polymetallic deposit in New Brunswick’s Bathurst Mining Camp, which is rapidly moving forward to NI 43-101 mineral resource estimate and conceptual mine design status.� For more information visit: www.uno.ca

For Corporate, Media, or Investor Communications contact:

Greg Lytle, Communications Manager

First Narrows Resources Corp.

N. America toll-free: (866) 285-5817

Int’l. & Vancouver: (604) 839-6946

Email: glytle@uno.ca

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter K. Gummer”

Peter K. Gummer, President

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