Valley High Ventures Ltd.

Valley High Ventures Ltd.

January 27, 2010 09:00 ET

Valley High Ventures Ltd.: Drilling Commences at the Cordero Project, Mexico; Surface Work Expands Target a Further 2 Kilometres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - Valley High Ventures Ltd. ("Valley High" or the "Company") (TSX VENTURE:VHV) is pleased to announce that a diamond drilling program has recommenced at the Cordero silver, gold, zinc, lead, project located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. Initially drilling will concentrate on continued testing of the Pozo de Plata target, including step out drilling from hole C09-5 that cored a long well-mineralized interval grading 152 metres of 80.64 g/T Ag, 0.61 g/T Au, 1.41% Zinc and 1.22% lead. Other areas to be drill tested will include regions of high chargeability and soil geochemistry, as partially drill tested in the fall program, and additional targets being defined by a concurrent surface program. The exploration target is a bulk-mineable deposit geologically similar to the Peñasquito deposit currently being developed by Goldcorp Inc.


Field crews mobilized to the project in early January with subsequent surface mapping and prospecting having identified additional exposures of hematite stained diatreme breccia similar to those at Pozo de Plata in an area of limited bedrock exposure. Trenching has further exposed deeply weathered bedrock that has been sampled and submitted for analysis to ALS Chemex for processing at its labs in Chihuahua, Mexico and Vancouver, Canada. Mapping has now delimited a two kilometre diameter area with indications of breccia and islands of domed limestone country rocks which is now referred to as the Dos Mil Diez zone.

With the addition of the Dos Mil Diez zone, the prospective mineralized belt, as defined by five porphyry or intrusive centres, has now been defined through a strike length of 8 km and a width of about 3 km. Current exploration is focused on four of the five intrusive centers targeting deposits geologically similar to Peñasquito, Pitarrilla and Camino Rojo.

The property comprises wholly-owned claims and consolidated land agreements that total about 20,000 hectares wherein Levon Resources Ltd. ("Levon") may earn a 51% interest by spending Cdn $1,250,000 plus their proportion of the underlying option and maintenance property costs. It is anticipated that Levon will meet its earn-in threshold shortly, and consequently, the companies are finalizing documentation with respect to a governing joint venture agreement wherein future costs will be borne as to 51% by Levon and 49% by Valley High.

The project is under the direct field supervision of Mr. Vic Chevillon, M.A., C.P.G., Levon's Vice President of Exploration and Juan Manuel Viveros, Valley High's senior geologist. Robert Cameron, P.Geo, who is a qualified person within the context of National Instrument 43-101 has read and takes responsibility for this news release.

About Valley High Ventures Ltd.:

Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Company's Cordero property in Mexico is being evaluated for large bulk mineable silver, gold, zinc and lead deposits geologically similar to the large Peñasquito deposit currently being developed by Goldcorp Inc. Recent drill results from Cordero include the discovery of a new zone at Pozo de Plata wherein drill hole C09-5 returned 152 metres grading 80.64 g/T Ag, 0.61 g/T Au, 1.41% Zinc and 1.22% lead. Levon Resources Ltd. has an option to earn a 51% interest in the project by funding exploration work totaling Cdn. $1,250,000 plus their proportion of the underlying option and property maintenance costs.

The Company's Mount Polley project is located in British Columbia adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold mine. Valley High also has a production royalty on the Boundary Property, with Imperial. Valley High also has an option to acquire a 100% interest in the Flume gold property in the Yukon which is located within the newly recognized White Gold District some 30 kilometres from the new Golden Saddle discovery of Underworld Resources Inc. Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley High's interest in the Flume property.


"Robert Cameron"

Robert Cameron
President and CEO

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

"Neither 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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