Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

October 24, 2007 15:34 ET

Fortune Valley Resources Hires Investor Relations Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - Fortune Valley Resources Inc. (TSX VENTURE:FVX) ("Fortune Valley" or the "Company") is pleased to announce that it has employed Karen Robb as Manager of Investor Relations. The employment is for a one-year term and Ms. Robb will be paid a salary of $32,500. Ms. Robb will be responsible for marketing and shareholder communications, promotional materials, mining conferences, website management and all other tasks relating to the promotion of the Company. The Company has agreed to grant Ms. Robb a stock option to purchase up to 50,000 common shares of the Company at an exercise price of $0.45 per share with a 5 year expiry term and an 18 month vesting period. Other than stock options, Ms. Robb does not own any securities of the Company, nor does she have any direct or indirect interest in the Company.

The Company also announces the grant of stock options to consultants and employees of the Company to acquire up to 155,000 common shares at a price of $ 0.45 per share with 5 year expiry term and an 18 month vesting period according to the terms of the Company's Stock Option Plan.

The grant of the aforementioned stock options is subject to the approval of the TSX Venture Exchange.

Fortune Valley Resources Inc. is a Canadian mining exploration company focused on creating shareholder wealth through the acquisition, exploration and development of high quality gold and silver projects in Chile and Argentina. The Company has assembled a highly experienced Board of Directors and management team with proven technical and commercial successes at some of the major gold mines and projects in North and South America, including Yanacocha, Cortez, Voisey's Bay, Zaldivar, Turquoise Ridge, Fort Knox, La Coipa, Pueblo Viejo and Cerro Casale. Management has good understanding of how to do business in Latin America gained from living and working in the region, and extensive skills in exploration, feasibility work, business and corporate development, gold trading, finance and executive management of public companies. Fortune Valley's principal asset is the Incahuasi project, located in Region III in northern Chile.

Michael J. Gingles, CEO & President

On behalf of the Board of Directors

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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