-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 GDsrD10CnwnDR1uZUiU7hQ==

<SEC-DOCUMENT>0000912282-09-001828.txt : 20091218
<SEC-HEADER>0000912282-09-001828.hdr.sgml : 20091218
<ACCEPTANCE-DATETIME>20091218151938
ACCESSION NUMBER:		0000912282-09-001828
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091218
DATE AS OF CHANGE:		20091218
EFFECTIVENESS DATE:		20091218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORTUNE MINERALS LTD
		CENTRAL INDEX KEY:			0001267818
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-59668
		FILM NUMBER:		091249994

	BUSINESS ADDRESS:	
		STREET 1:		140 FULLARTON STREET
		STREET 2:		SUITE 1902
		CITY:			LONDON
		STATE:			A6
		ZIP:			N6A 5P2
		BUSINESS PHONE:		519-858-8188

	MAIL ADDRESS:	
		STREET 1:		140 FULLARTON STREET
		STREET 2:		SUITE 1902
		CITY:			LONDON
		STATE:			A6
		ZIP:			N6A 5P2
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001267818</cik>
        <entityName>FORTUNE MINERALS LTD</entityName>
        <issuerAddress>
            <street1>140 FULLARTON STREET</street1>
            <street2>SUITE 1902</street2>
            <city>LONDON</city>
            <stateOrCountry>A6</stateOrCountry>
            <zipCode>N6A 5P2</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>519-858-8188</issuerPhoneNumber>
        <jurisdictionOfInc>ONTARIO, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robin</firstName>
                <middleName>E.</middleName>
                <lastName>Goad</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Julian</firstName>
                <lastName>Kemp</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tom</firstName>
                <lastName>Rinaldi</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>A.</middleName>
                <lastName>Knight</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>A.</middleName>
                <lastName>Breukelman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <lastName>Currie</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Carl</firstName>
                <middleName>L.</middleName>
                <lastName>Clouter</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>George</firstName>
                <middleName>M.</middleName>
                <lastName>Doumet</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>D.</middleName>
                <lastName>Excell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mahendra</firstName>
                <lastName>Naik</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>140 Fullarton Street, Suite 1902</street1>
                <city>London</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>N6A 5P2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-12-03</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Unit = 1 Common Share and 1/2 Common Share Purchase Warrant</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Paradigm Capital Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Paradigm Capital U.S. Inc.</associatedBDName>
                <associatedBDCRDNumber>104425</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>95 Wellington Street West, Suite 2101</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5J 2N7</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <state>MA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>CIBC World Markets Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>161 Bay Street, Brookfield Place</street1>
                    <street2>P.O. Box 500</street2>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5J 2S8</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Dundee Securities Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1 Adelaide Street East, 27th Floor</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5C 2V9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Jones Gable &amp; Company Limited</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>600 - 110 Yonge Street</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5C 1T6</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Loewen, Ondaatje, McCutcheon Limited</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>79 Wellington Street West, Suite 610</street1>
                    <street2>P.O. Box 75</street2>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5K 1E7</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1432985</totalOfferingAmount>
            <totalAmountSold>887086</totalAmountSold>
            <totalRemaining>545899</totalRemaining>
            <clarificationOfResponse>Offering includes amount that may be received by Issuer upon exercise of warrants.  Each whole warrant may be exercised for the purchase of one common share, at an exercise price of $0.80 CDN for a period of 24 months following Closing.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>53225</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>In addition to cash commission, agents have been granted compensation options to up to 86,298 Units sold pursuant to the offering at an exercise price of $0.65 CDN per Compensation Unit for 24 mos after Closing.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>FORTUNE MINERALS LTD</issuerName>
                <signatureName>/s/ David Knight</signatureName>
                <nameOfSigner>David Knight</nameOfSigner>
                <signatureTitle>Secretary</signatureTitle>
                <signatureDate>2009-12-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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