ValGold Resources Ltd.
TSX VENTURE : VAL

ValGold Resources Ltd.

April 25, 2007 12:00 ET

ValGold Drilling Expands Los Patos Gold Occurrence on the Increible 3 Concession Near El Callao, Venezuela

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - ValGold Resources Ltd. ("ValGold") (TSX VENTURE:VAL) is pleased to announce the results of the first three drill holes from the drill program begun March 15, 2007, on Increible Concession No. 3 in the El Callao Mining District, Bolivar State, Venezuela. Approximately 653 meters ("m") of core has been drilled in the first three holes and at least five additional holes are planned for the Los Patos deposit.

Highlights from the results of the Los Patos Gold Project drilling include:



------------------------------------------------------------------------
From To Gold Gold
Hole Gold Zone (m) (m) Metres Feet (g/T) (oz/t)
------------------------------------------------------------------------

LI307-01 Los Patos 87.00 113.00 26.00 85.30 1.14 0.03
including 89.00 90.00 1.00 3.28 12.83 0.37

LI307-02 Los Patos 109.00 146.00 37.00 121.39 0.83 0.02
including 123.00 124.00 1.00 3.28 11.32 0.33

LI307-03 Los Patos 133.00 190.00 57.00 187.01 1.34 0.04
including 133.00 151.00 18.00 59.06 2.18 0.06
and 138.00 139.00 1.00 3.28 13.31 0.39
and 141.00 142.00 1.00 3.28 6.90 0.20
and 165.00 166.00 1.00 3.28 20.28 0.59
------------------------------------------------------------------------


The Los Patos showing occurs along the Los Chivos Shear Zone ("LCSZ") as a complex sequence of highly altered tholeiitic lavas, tuffs and volcanoclastic units, which in association with the gold mineralization have been subjected to varying degrees of shearing, deformation, alteration and greenschist metamorphism. Gold mineralization is associated with quartz veining and accompanying disseminated pyrite and tourmaline. Potential exists in all directions for similar grades and widths. In addition, ValGold has identified several important gold targets associated with the LCSZ, which is anomalous in gold over most of its seven-kilometer strike length.

The occurrence was previously tested by Gold Fields Limited ("Gold Fields") during the period from 1992 to 1995 by 19 surface trenches and by eight drill holes totaling 1,189m. The surface trenches and eight drill holes tested the Los Patos gold zone over an area measuring 160m long by 100m deep that varies from 8m to 27m in width. Within the volume tested, the Los Patos zone has a weighted average grade of 1.03 g/T Au. Gold Fields' drill intersections returned very encouraging results including 27.71m averaging 1.88 g/T Au, 31.17m averaging 1.24 g/T Au and 23.38m averaging 1.59 g/T Au. ValGold's initial drill program was planned to consist of eight diamond drill holes totaling 2,000m. However, the Company is preparing to expand the current program with additional holes in the event of continued success in the drilling at Los Patos.

Mr. Tom Pollock, P.Geo., ValGold's Vice-President, Exploration, is the Qualified Person for the project, and is responsible for all of the technical reporting in compliance with NI 43-101. Mr. Pollock has instituted and is responsible for ValGold's program of Quality Control and Assurance ("QC/QA"), using assay control samples and duplicates.

For more information on ValGold and its portfolio of international projects, visit our website at www.valgold.com.

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

Stephen J. Wilkinson, President & Chief Executive Officer

The following table reports assay sample intervals averaging 1.0 g/T Au or greater for drill holes recently completed at the Los Patos Gold Project, Increible 3, Venezuela. Reported widths of the drill intersections are the sampled length of drill core and may be less than the true thickness of the gold zones. All drill intersections grading greater than 1.0 g/T Au for the announced holes are shown in this table and the locations of the collar sites together with drill sections, geology and location maps will be made available soon within the Venezuela section of ValGold's website.



------------------------------------------------------------------------
Drill From To Gold Gold
Hole Gold Zone (m) (m) Metres Feet (g/T) (oz/t)
------------------------------------------------------------------------

LI307-01 Los Patos 58.00 59.00 1.00 3.28 2.91 0.08
76.00 77.00 1.00 3.28 1.11 0.03
including 87.00 113.00 26.00 85.30 1.14 0.03
and 89.00 90.00 1.00 3.28 12.83 0.37
128.00 129.00 1.00 3.28 2.63 0.08

LI307-02 Los Patos 85.00 86.00 1.00 3.28 1.28 0.03
89.00 91.00 2.00 6.56 1.57 0.05
including 109.00 146.00 37.00 121.39 0.83 0.02
and 109.00 127.00 18.00 59.06 1.15 0.03
and 123.00 124.00 1.00 3.28 11.32 0.33
and 137.00 146.00 9.00 29.53 1.10 0.03
and 183.00 184.00 1.00 3.28 4.14 0.12

LI307-03 Los Patos 41.00 45.00 4.00 13.12 1.01 0.03
including 133.00 190.00 57.00 187.01 1.34 0.04
and 133.00 151.00 18.00 59.06 2.18 0.06
and 138.00 139.00 1.00 3.28 13.31 0.39
and 141.00 142.00 1.00 3.28 6.90 0.20
and 165.00 166.00 1.00 3.28 20.28 0.59
209.00 210.00 1.00 3.28 1.13 0.03
226.00 227.00 1.00 3.28 1.43 0.04
------------------------------------------------------------------------

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

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