Fortune Valley Resources Inc.

Fortune Valley Resources Inc.

September 19, 2007 09:00 ET

Fortune Valley Resources Inc. Acquires New Property in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - Fortune Valley Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX VENTURE:FVX) announces it has secured the mineral rights to 4,000 hectares at the Tres Puntas property in Region III of the Republic of Chile through successful application for new mining concessions under the Chilean Mining Law.

The Tres Puntas project lies in Region III approximately 100 kilometres northeast of the city of Copiapo. The project covers a Tertiary igneous complex with moderate to intense hydrothermal alteration characterized by silicification and argillization. Past exploration in the area was primarily for sulfur deposits; historical exploration data shows surface rock-chip samples returned gold values up to 3.5 grams per tonne from known sulfur prospects. The project is classified as a high-sulfidation epithermal gold system similar in geologic and mineralogic style to La Coipa, Yanacocha and other high-sulfidation gold systems found throughout the Andean Cordillera.

The Company has confirmed preferential concession rights to 4,000 hectares covering the main portion of the alteration system including the historic sulfur prospects. Barrick and Codelco are active in the area and control surrounding and adjacent concessions.

Fortune Valley Resources President and CEO, Michael Gingles stated: "We are focused on securing significant land positions in highly prospective gold districts in Chile and Argentina. The Tres Puntas project fits our strategy of adding value through exploration discovery and development. With major mining companies showing interest in the Tres Puntas area, it appears we have an eye on the same prize."

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. Fieldwork in Chile is being performed under Mr. Howald's supervision by Fortune Valley Resources Chile S. A. personnel.

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, including Yanacocha, Cortez, Voisey's Bay, Zaldivar, Turquoise Ridge, Fort Knox, La Coipa, Pueblo Viejo and Cerro Casale. Management has good understanding of how to do business in Latin America gained from living and working in the region, and extensive skills in exploration, feasibility work, business and corporate development, gold trading, finance and executive management of public companies. Fortune Valley's principal asset is the Incahuasi project, located in Region III in northern Chile.

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

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