ValGold Resources Ltd.

ValGold Resources Ltd.

April 18, 2007 09:30 ET

ValGold Appoints Pedro Tinoco as New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - ValGold Resources Ltd. ("ValGold") (TSX VENTURE:VAL) is pleased to announce that Pedro ("Peter") Tinoco has joined its board of directors. Mr. Tinoco has been with the Cisneros Group of Companies ("CGC") since 1978 and has been Vice President of Mining for CGC since 1989. He was responsible for the Joint Venture between CGC and Goldfields Limited, formerly Goldfields of South Africa and until recently, managed the mining development projects in Venezuela that are currently under option with ValGold. In addition, Mr. Tinoco was the President of the Venezuelan Mining Chamber for two consecutive terms, President of the Venezuelan Gold Association and Director for the Mining Industry in the Federation of Industrial and Commercial Chambers (FEDECAMARAS) of Venezuela. He was also the President of the Latin American Mining Organization from 1996 to 2006 where he is still an active member.

Currently, Mr. Tinoco is the President of Venevision Studios LLC and Venevision Productions LLC companies located in Miami, Florida, dedicated to the production of television programs for the Hispanic population of the United States and the rest of the world.

Mr. Tinoco holds a Masters in Business Administration from St. Edwards University in Austin, Texas and a Bachelor of Science Degree in Business Administration from Emporia Kansas State University.

ValGold is listed on the TSX Venture Exchange under the trading symbol: VAL. For further information on ValGold and its portfolio of international projects, visit our website at

Stephen J. Wilkinson, President & Chief Executive Officer

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

No regulatory authority has approved or disapproved the information contained in this news release.

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