Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

October 25, 2007 09:00 ET

Fortune Valley Resources Secures Drill Rig for Incahuasi Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - Fortune Valley Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX VENTURE:FVX) is pleased to announce it has signed a contract with GEO-OPERACIONES LTDA., a Chilean drilling company, for a Phase 1 drilling program on the Company's Incahuasi project in northern Chile. This initial drill program will consist of 5,000 metres of reverse circulation drilling and is scheduled to begin in early November.

Fortune Valley Resources President and CEO, Michael Gingles, commented, "This contract is another excellent example of the depth and diversity of our exploration network in Latin America. Despite well-publicized difficulties within the mining sector to find qualified drill contractors, our strong personal relationships within the industry allow us to stay on schedule with our programs."

"This initial 5,000 metre drill program will focus on the gold and copper veins and related porphyry targets within the Incahuasi Central area. In addition, the drilling designed in the Puma target will test the recently expanded epithermal gold vein system at various locations along the swarms 7 kilometre strike length."

The Company has recently completed a detailed aeromagnetic and radiometric geophysical survey over the entire 11,000 hectare Incahuasi project. This information along with detailed mapping, sampling and trenching are being used to facilitate the final drill targeting process. A second round drilling program is also envisioned for April 2008. The aim of this program is to follow up on positive results from Phase 1 with an additional 10,000 metres of drilling and to test other targets on the extensive property area.

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, President and CEO

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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