Fortune Valley Resources Inc.

Fortune Valley Resources Inc.

April 22, 2008 15:03 ET

Fortune Valley Adopts Shareholder Rights Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - Fortune Valley Resources Inc. (TSX VENTURE:FVX) ("Fortune Valley" or the "Company") today announced that its Board of Directors has adopted a shareholder rights plan (the "Rights Plan"). The Rights Plan, which takes effect April 22, 2008, has been adopted to ensure the fair treatment of shareholders in the event of any take-over offer for the Company's common shares.

The Rights Plan is not intended to prevent take-over bids that treat shareholders fairly. Bids that meet certain requirements intended to protect the interests of all shareholders are deemed to be 'Permitted Bids' under the Rights Plan. Permitted Bids are offers to acquire common shares of the Company made by way of take-over bid circular and which must, among other requirements described in the Rights Plan, remain open for at least 60 days.

Fortune Valley is not adopting the Rights Plan in response to, or in anticipation of, any specific take-over bid or proposal to acquire control of the Company. The Rights Plan is similar to plans adopted by other Canadian companies. The full text of the Rights Plan is available on the SEDAR website at

The Rights Plan is subject to acceptance by the TSX Venture Exchange and to ratification by the Company's shareholders at the next meeting of shareholders. If ratified by shareholders, the Rights Plan will expire at the termination of the Company's annual general meeting in 2011, unless extended upon reconfirmation by shareholders at that meeting. Subsequently, the Rights Plan must be reconfirmed by shareholders at every third annual general meeting of the Company thereafter.

About Fortune Valley

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. Fortune Valley holds ownership interests in approximately 54,000 hectares of exploration concessions in Chile.

On behalf of the Board of Directors,

Michael J. Gingles, President and CEO

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

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