Valencia Ventures Inc.

Valencia Ventures Inc.

June 10, 2008 07:30 ET

Valencia Appoints John Begeman as President and Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Valencia Ventures Inc. (TSX VENTURE:VVI) is pleased to announce Mr. John Begeman has been appointed President, Chief Executive Officer and a Director effective immediately. Mr. Begeman replaces Doug Bache who had been in the role since 2006. Mr. Bache will actively remain with the company as a Director but has resigned as President and Chief Executive Officer to pursue other opportunities.

Mr. Begeman is well qualified to assume his new responsibilities and brings a wealth of experience to the role. Mr. Begeman is a mining engineer with over 30 years of mining experience and was previously the Chief Operating Officer of Zinifex Canada Inc. (formerly Wolfden Resources Inc.). In addition, he has previously served as Vice President, Western Operations of Goldcorp Inc.

"The Board takes great pleasure in John's appointment and we look forward to his valuable contribution," said Stan Bharti, Chairman. "He will bring a strong capability to the management team and we have great confidence in his ability to lead the company going forward." The Board expresses its gratitude to Doug Bache for his contribution over the past two years and wish him continued success in his new capacity.

About Valencia Ventures

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 and Juncal silver projects 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, the Company also has a number of property acquisitions under consideration.

For additional information on this press release or Valencia's projects, please visit

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 management changes and the impact on the Company of these events. 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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