Valencia Ventures Inc.

Valencia Ventures Inc.

September 13, 2007 08:10 ET

Valencia Appoints Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) - Valencia Ventures Inc. (TSX VENTURE:VVI) is pleased to announce the appointment of Gregory Duras to the position of Chief Financial Officer.

"I am extremely pleased to welcome Mr. Duras to Valencia," stated Doug Bache, President and CEO of the Company. "Mr. Duras brings with him more than a decade of senior corporate finance experience for TSX-listed companies. This level of experience, coupled with his in-depth knowledge of the resource sector, demonstrates that Mr. Duras will be a key member of the executive team. We would also like to thank Ms. Battiston for her contributions and wish her the best in her future endeavours."
Prior to assuming this role, Mr. Duras held the position of Vice President of Finance and Administration for a mineral exploration and mining development company, with responsibility for financial reporting, project financing, auditing and budgeting activities. Mr. Duras is a Certified General Accountant and a Certified Professional Accountant, and holds a Bachelor of Administration from Lakehead University.

In addition to his appointment, the Company would like to announce that it has granted to Mr. Duras 150,000 options. The options are exercisable at $0.44 per option exercised and are for a term of five years.

Valencia is a Canadian resource company traded under the symbol VVI on the TSX Venture Exchange. Valencia's development strategy is focused on the exploration and development of silver and gold properties, including the Cachinal Silver-Gold Project in Chile and the Rancheria Silver Project in the Yukon Territory and British Columbia, Canada. With a focus on silver and gold exploration in the Americas, Valencia is considering various precious metal property acquisitions.

Cautionary Note:

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements regarding the impact of management on the operations and performance of the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters, future prices of mineral prices; and risks of the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


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