Valencia Ventures Inc.
TSX VENTURE : VVI

Valencia Ventures Inc.

February 21, 2008 17:23 ET

Valencia Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Feb. 21, 2008) - Valencia Ventures Inc. (TSX VENTURE:VVI) is pleased to announce that it has granted a total of 100,000 options under the Company's stock option plan. The options have an exercise price of $0.45 per option exercised and will vest immediately subject to the statutory four month hold. The options shall expire on February 21, 2013 and are subject to regulatory approval.

About Valencia Ventures

Valencia's development strategy is focused on the exploration and development of silver and gold properties, particularly the Cachinal and Juncal Silver projects in Chile. The Company recently completed a NI 43-101 compliant mineral resource estimate for Cachinal in February 2007 and has recently completed a resource definition drill program with the goal of expanding the existing resource. SRK Consulting (Canada) Ltd. is currently preparing a revised NI43-101 compliant mineral resource estimate and has commenced engineering studies to complete a Feasibility Study by year end 2008.

Shareholders are encouraged to visit Valencia's website (www.valenciaventures.com) to view a recent corporate presentation that provides images and more technical information on these projects.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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