Fortune Valley Resources Inc.
TSX VENTURE : FVX

Fortune Valley Resources Inc.

September 10, 2007 09:00 ET

Fortune Valley Resources Inc. to Conduct Airborne Geophysic Surveys at Incahuasi Project, Northern Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Fortune Valley Resources Inc. (TSX VENTURE:FVX) announces it has entered into a contract with Geodatas, a Chilean geophysical company, to fly regional magnetics and radiometrics at the Company's Incahuasi project in northern Chile. Final preparations are being made for an airborn magnetic and radiometric geophysical survey over the entire Incahuasi project. The survey will consist of approximately 800 line kilometres covering an area of 15 kilometres by 10 kilometres on a 200 meter line spacing. The work is expected to be conducted in September 2007 and will provide important targeting information for phase 1 drilling planned by the Company.

Fortune Valley Resources principal property is located in the historic Incahuasi Gold District in northern Chile. Mining activities at Incahuasi date back to the late 1800's and independent small miners (pirquineros) continue to exploit gold and copper from small-scale mines in the area. The Company has recently consolidated the 10,941 hectare land position using a combination of option agreements with the small miners and staking of new concessions. The ground is significantly under explored and no modern exploration has been carried out on the consolidated land position. Initial exploration work on the property by Fortune Valley Resources confirmed an extensive gold-copper mineralized system with high-grade epithermal veins intermittently exposed over the entire district.

Fortune Valley Resources Inc. is a 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, 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.

Michael J. Gingles, CEO & President

On behalf of the Board of Directors

Please visit our web site at www.fortunevalleyresources.com.

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