Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

September 24, 2009 15:42 ET

Fortune Valley Announces Grant of Options and Issue of 50,000 Shares to Option Holder

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Fortune Valley Resources Inc. ("Fortune Valley" or the "Company") (TSX VENTURE:FVX) announces the following:

The Company announces that it has agreed to grant stock options to independent directors and technical consultants of the Company allowing them to acquire up to 800,000 common shares at a price of $0.10 per share. This includes the grant of stock options announced previously in the Company's press release dated April 9, 2009. The issuance of stock options under the agreement is subject to the approval of the TSX Venture Exchange.

The Company also announces that it has agreed to grant 50,000 common shares to an option holder at the Incahausi property in accordance with the terms of an agreement to award the option holder a success fee for facilitating the Company's acquisition of rights under various option agreements in the property area. The issuance of common shares is subject to the approval of the TSX Venture Exchange.

Fortune Valley Resources Inc. is a mining company focused on creating shareholder wealth through the development of high quality gold assets in Chile and Argentina.

The Board of Directors

Fortune Valley Resources Inc.

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