ValGold Resources Ltd.
TSX VENTURE : VAL
FRANKFURT : VR2

ValGold Resources Ltd.

June 21, 2012 06:00 ET

ValGold Announces New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - ValGold Resources Ltd. ("ValGold") (TSX VENTURE:VAL)(FRANKFURT:VR2) is pleased to announce that Rod Whyte and Charles Parsons have joined its Board of Directors. Together with incumbent directors; Sargent Berner, Dr. A. Darryl Drummond, Kenneth Yurichuk and Stephen Wilkinson, Messrs. Whyte and Parsons were elected by an overwhelming majority (greater than 99%) of the shares voted at ValGold's AGM held on June 19th, 2012.

Mr. Whyte brings more than 40 years of practical experience in the natural resource sector and in emerging markets and has been a ValGold shareholder for many years.

Mr. Parsons is a Chartered Accountant with considerable experience in the junior mining sector and has participated on audit committees over his career. Mr. Parsons also has considerable experience working within the former CIS.

"We look forward to valuable contributions to our Company from Rod and Charles as we advance our overseas gold projects," commented Sargent Berner, ValGold's Chairman. "Their experience of Russia and the Baltic States should benefit ValGold."

ValGold would also like to recognize the contributions of our former directors, William Witte and Michael Sadhra who did not stand for re-election at the AGM. The Company has appreciated their efforts over the years.

ABOUT VALGOLD

Incorporated in 1987, ValGold is listed on Tier 1 of the TSX Venture Exchange under the symbol VAL. ValGold is an international mineral development company based in Vancouver, Canada. The Company's objective is to generate wealth for its stakeholders by seeking out, acquiring and advancing properties with recognizable but under-explored mineral resources.

ValGold's commitment is to realize value from significant mineral deposits which satisfy key criteria:

  • Mineral rights to extensive areas in prospective but non-traditional and under-explored regions.
  • Mineral exploration projects with potential for substantial development.
  • Projects that require experienced management with exploration, mining and financial expertise.

For more information on ValGold's Canadian and international gold projects, please visit our website at www.valgold.com.

Stephen J. Wilkinson, President & Chief Executive Officer

This news release includes "forward-looking information". All statements in this release, other than statements of historical facts, that address the private placement or mineral exploration programs contain forward-looking information and are based on a number of assumptions, including, but not limited to, that there will not be substantial changes to market conditions, regulatory requirements or costs associated with mineral exploration. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include changes the price of the company's shares, the costs of labor, equipment and other costs associated with exploration, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

SEC 12g3-2(b): 82-3339

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

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