Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

July 09, 2009 17:19 ET

Fortune Valley Resources Inc. Announces Shares for Debt Agreement With Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2009) - Fortune Valley Resources Inc. (the "Company") (TSX VENTURE:FVX) announces that it has reached an agreement with two of its directors to settle part of the debts owing to them in the amount of $229,220.00 in exchange for 4,584,400 common shares in the Company at a price of $0.05 per share.

The completion of the shares for debt settlement is subject to acceptance by the TSX Venture Exchange.

The Board of Directors

Fortune Valley Resources Inc.

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