Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

March 14, 2008 15:45 ET

Fortune Valley Releases Results of Incahuasi Este Scout Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Fortune Valley Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX VENTURE:FVX) announces the remaining results of its 2007 drilling campaign on the Incahuasi project located in Region 3 in northern Chile.

A preliminary 12-hole reverse circulation scout drilling program on the extensive 100 km2 Incahuasi Este area tested some of the known veins with wide spaced or individual drill holes to gain better understanding of the mineralized vein system identified previously by mapping and rock chip sampling. Results included three anomalous intersections, including 5 m @ 0.84% Cu in the Gonzalez vein.

The scout drilling confirms the dip extension of the surface vein exposures and that structural continuity extends at depth. In addition, the drilling indicates that the Incahuasi Este vein swarm is structurally higher than the porphyry vein system intersected eight km to the west at the Incahuasi Central area (press release dated February 15, 2008). This model suggests the Incahuasi Este vein system may be underlain with a similar copper-gold porphyry system as drilled at Incahuasi Central. A follow-up drilling program planned in April will use the information from the scout drilling program to target high-grade gold and copper vein systems as well as deeper copper-gold porphyry-style mineralization.

Table 1 summarizes the drill result using a 0.2% copper cutoff grade for drill intervals greater than three metres.



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TABLE 1: INCAHUASI PROJECT: 2007 REVERSE CIRCULATION DRILLING PROGRAM
(RC-IE-001 to RC-IE-012)
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From To Interval Cu Au TD
Target Drillhole metres metres metres % g/tonne metres
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Cabeza de Puma RC-IE-001 NSV 190.0
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Cabeza de Puma RC-IE-002 NSV 169.0
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60 65 5 0.433 0.020
Cabeza de Puma RC-IE-003 --------------------------------------- 230.0
Including 63 64 1 1.090 0.048
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Cata RC-IE-004 NSV 150.0
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Gonzalez RC-IE-005 NSV 136.0
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93 98 5 0.836 0.007
Gonzalez RC-IE-007 --------------------------------------- 110.0
Including 94 95 1 1.970 0.015
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Pirquineros RC-IE-006 NSV 200.0
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Co Puntudo RC-IE-008 NSV 90.0
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11 15 4 0.206 0.059
Puma Norte RC-IE-009 --------------------------------------- 80.0
22 25 3 0.202 0.078
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Puma Central RC-IE-010 NSV 131.0
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Isabella Sur RC-IE-011 NSV 115.0
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Isabella Norte RC-IE-012 NSV 120.0
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NSV equals No Significant Values


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TABLE 2: INCAHUASI PROJECT: 2007 REVERSE CIRCULATION DRILLING PROGRAM
(RC-IE-001 to RC-IE-012)
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Eleva- Total
UTM_E UTM_N tion Azimuth Incline Depth
Target Drillhole metres metres metres (0-360) (0-90) metres
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Cabeza de Puma RC-IE-001 313130 6769820 1144 90 -65 190
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Cabeza de Puma RC-IE-002 313130 6769820 1144 130 -60 169
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Cabeza de Puma RC-IE-003 313090 6769720 1120 60 -60 230
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Cata RC-IE-004 313310 6768690 1153 235 -70 150
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Gonzalez RC-IE-005 313370 6768890 1149 90 -60 136
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Pirquineros RC-IE-006 313260 6769400 1134 87 -60 200
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Gonzalez RC-IE-007 313370 6768890 1141 90 -70 110
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Co Puntudo RC-IE-008 313140 6769150 1123 46 -75 90
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Puma Norte RC-IE-009 312846 6767724 984 285 -80 80
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Puma Central RC-IE-010 312603 6766553 1026 97 -60 131
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Isabella Sur RC-IE-011 314630 6765860 828 35 -70 115
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Isabella Norte RC-IE-012 314300 6766530 957 112 -80 120
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Mr. William C. (Bill) Howald, AIPG, Certified Professional Geologist # 11041, Fortune Valley Resources' VP Exploration & Corporate Development, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and is responsible for reviewing the technical disclosure in this press release.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Fortune Valley Resources' Incahuasi project. He is responsible for creating, administering, and monitoring sample preparation and analytical QA/QC procedures for the drilling program. The Company uses high-quality standards, duplicates and blanks to determine the quality of the report assay and multi-element determinations.

ALS Chemex performed all analytical testing using industry-standard analytical techniques. Gold was analyzed using fire assay on a 50-gram sample with an atomic absorption finish, and a gravimetric finish on all results greater than 10ppm gold. Copper determinations were completed using ICP-mass spectrometry for copper determination below 1% copper, and four-acid digestion for values greater than 1% copper.

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 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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