Valencia Ventures Inc.
TSX VENTURE : VVI

Valencia Ventures Inc.

April 03, 2006 16:05 ET

Valencia Ventures Inc.: Senior Management Appointments

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - Valencia Ventures Inc. (TSX VENTURE:VVI) is pleased to announce that Mr. Douglas A. Currie has accepted the position of Executive Vice President, Exploration and Development. Mr. Currie was previously President and CEO and is also a director of the company. In addition, Mr. David Meyer has been appointed Vice President, Business Development.

Mr. Currie has over 30 years of international mineral exploration experience. Over the past 20 years, he has held senior exploration management positions with Pancontinental Mining Limited, Plutonic Resources Limited and Homestake Gold. Mr. Currie has extensive experience in managing international exploration joint ventures and programs.

Mr. Currie will be responsible for Valencia's global exploration activity and his broad experience will permit the company to build on its existing precious metals properties in Australia and Chile. He will also manage the technical evaluation of mineral properties and other exploration opportunities.

Mr. Meyer is a mining professional with over 15 years of experience in mineral exploration and corporate development. He has experience as a senior institutional equity analyst and corporate finance professional with several investment dealers including Northern Securities. He is also a financial advisor to a number of junior mining companies. Mr. Meyer holds a BSc in Geology, from Laurentian University and a Masters in Engineering from McGill University.

Mr. Meyer will manage Valencia's corporate development activities including the evaluation and acquisition of mineral properties and joint ventures.

"I am very pleased to have Doug and David as members of our management team", Doug Bache, President and CEO stated, "The combined technical and financial expertise they possess will be instrumental in progressing Valencia's development strategy and exploration programs."

Additionally, Lars Vannman has decided to retire and the Board expresses its appreciation to Lars for his contribution and dedicated service to the company.

For additional information, e-mail info@valenciaventures.com.

Valencia is a Canadian resource company traded under the symbol VVI on the TSX Venture Exchange. Valencia is focused on the exploration and development of precious metal properties and the company is currently reviewing the feasibility of the Mt. Bundy gold project in the Northern Territory, Australia. Valencia's development strategy has been refocused on its silver exploration properties and the company has a number of potential acquisitions under consideration.

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

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