ValGold Resources Ltd.

ValGold Resources Ltd.

July 06, 2007 12:39 ET

ValGold Retains European Investor Relations Service

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - ValGold Resources Ltd. ("ValGold" or the "Company") (TSX VENTURE:VAL) is pleased to announce that it has retained Kodiak International Inc. ("Kodiak") to provide investor relations services throughout Europe on a non-exclusive basis for an initial term of twelve months.

Kodiak will represent ValGold in Germany and other European countries, disseminating investor relations' information and creating awareness of the Company. This service package includes listing in Germany on the Frankfurt, Stuttgart, Berlin and Munich Stock Exchanges, road shows and meetings in Europe, establishing and maintaining a German language website, and the translation into German of the Company's news releases. Kodiak will be paid compensation totaling C$225,000, with C$130,000 to be paid immediately upon acceptance of the contract and an additional C$95,000 to be paid six months from the commencement of services.

Kodiak is a privately owned investor relations firm based in Toronto, Canada. It specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German, Austrian and Swiss financial communities.

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

Stephen J. Wilkinson, President & Chief Executive Officer

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

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

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