ValGold Announces Appointment of New Director and Director Resignation

TORONTO, ONTARIO--(Marketwired - Jan. 16, 2015) - ValGold Resources Ltd. ("ValGold" or the "Company") (TSX VENTURE:VAL) is pleased to announce that Mr. Jay Vieira has been appointed to the Company's board of directors. Mr. Vieira is a lawyer and a partner at the law firm of Fogler, Rubinoff LLP, in Toronto, Ontario, specializing in corporate finance and securities law. He acts for both domestic and international corporations and investment dealers, and has experience in a broad range of transactions, including public offerings, private placements, and mergers and acquisitions.

ValGold also announces with regret that Mr. Stephen Wilkinson has resigned as a director of the Company to be able to focus his attention on other ventures and business interests. Mr. Wilkinson served as the Company's President and Chief Executive Officer for many years until June 2014. The board thanks Stephen for his many years of dedicated service to the Company and wishes him well in his future endeavours.

ValGold is a mineral exploration and development company which holds an exploration property in Ontario and a royalty on Northern Gold Mining Inc.'s Garrison Project.

This release was prepared by management of the Company who takes full responsibility for its contents.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially.