Valencia Ventures Inc.
TSX VENTURE : VVI

Valencia Ventures Inc.

April 27, 2010 12:22 ET

Valencia Appoints Fred Leigh as President and Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - April 27, 2010) - Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") is pleased to announce Mr. Frederic W.R. Leigh has been appointed President, Chief Executive Officer and a Director effective May 1, 2010. Mr. Leigh replaces John Begeman who had been in the role since June 2008. Mr. Begeman will actively remain with the company as a Director but has resigned as President and Chief Executive Officer to focus on his other business endeavours.

Mr. Leigh has been involved in the junior resource sector for more than 27 years and has had a significant role as founder, director and/or investor in many public companies. He is also the founder and President of Siwash Holdings Ltd., a privately held company which, for over 18 years has invested in early stage opportunities in the resource sector. Siwash was an early investor in successful companies such as, Wheaton River Minerals, Hathor Exploration and Blue Pearl Mining.

"The Board takes great pleasure in Fred's appointment and we look forward to his valuable contribution," said Stan Bharti, Executive Chairman. "He will bring a strong capability to the management team and we have great confidence in his ability to lead the company going forward." The Board expresses its gratitude to John Begeman for his contribution over the past two years as President and looks forward to his continued association with the Company going forward in his capacity as a director.

About Valencia Ventures

Valencia is a Canadian resource company traded under the symbol VVI on the TSX Venture Exchange.

For additional information, e-mail info@valenciaventures.com.

Forward Looking Statements

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements regarding management changes and the impact on the Company of these events. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters, future prices of mineral prices; and risks of the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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