Fortune Valley Resources Inc.

Fortune Valley Resources Inc.

December 18, 2008 09:50 ET

Fortune Valley Introduces Bitterroot Mining Group to Support Exploration Activities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2008) - Fortune Valley Resources Inc. ("Fortune Valley" or the "Company")(TSX VENTURE:FVX) is pleased to announce it has engaged Denver-based Bitterroot Group LLC ("Bitterroot") to provide technical services to support the Company's exploration activities in Chile and Argentina. The parties have signed an agreement whereby the Bitterroot mining group will provide strategic direction to the Company's exploration activities and support due diligence of new opportunities.

Fortune Valley President and CEO Michael Gingles commented, "We are pleased to welcome the Bitterroot team and look forward to a new energy and focus to our exploration activities."

Bitterroot partner Mr. Robert Perry will act as the Company's Qualified Person as defined under National Instrument 43-101, and will be responsible for the scientific and technical work on exploration programs, and for reviewing the technical disclosure in all public news releases.

About Bitterroot Group LLC

Bitterroot Group LLC is a highly experienced mining group specialized in providing mining consulting services and investment planning. The company offers comprehensive exploration, development, and business services to the mining community, and has gained an excellent reputation within the industry for its dynamic and innovative approach to developing new ideas and opportunities. The Bitterroot team comprises Leigh Freeman, Patrick Highsmith, Jose Antonio Pinedo, Robert Perry and Matthew Bidwell, all former managers or executives of companies like Newmont, Placer Dome and Vista Gold.

About Fortune Valley Resources Inc.

Fortune Valley Resources Inc. is a TSX Venture-listed mining 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 51,000 hectares of exploration concessions in Chile and Argentina.

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.

Contact Information

  • CHF Investor Relations
    Robin Cook
    Senior Account Manager
    (416) 868-1079, Ext. 228
    (416) 868-6198 (FAX)