Golden Valley Mines Ltd.
TSX VENTURE : GZZ

Golden Valley Mines Ltd.

May 13, 2009 11:18 ET

White Pine Resources-Noront Resources-Golden Valley Mines Intersect Massive Sulphides in Their Ring of Fire Joint Venture

VAL-D'OR, QUEBEC--(Marketwire - May 13, 2009) - White Pine Resources (TSX VENTURE:WPR) ("White Pine") (formerly WSR Resources), Noront Resources (TSX VENTURE:NOT) ("Noront") and Golden Valley Mines (TSX VENTURE:GZZ) ("Golden Valley") - A new zinc-copper volcanogenic massive sulphide ("VMS") discovery has been reported from recent drilling from the McFauld's lake joint venture project along the "Ring of Fire" in the James Bay Lowlands. The following news release has been prepared by joint venture partner and program operator White Pine.

The 'Luc Bourdon' and 'Bourdon West' properties (a combined 8,944 hectares) were staked by Golden Valley in the 'Ring of Fire' in the spring of 2008. This ground was subsequently optioned to White Pine and Noront in August 2008, whereas White Pine and Noront could equally earn a combined undivided 70% of the property by incurring expenditures of $5 million within 3 years of the agreement date. White Pine is the operator of the joint venture.

In the fall of 2008, an airborne VTEM geophysics program was completed over the properties, which outlined several high priority drill targets. Drilling recently commenced in late April on these geophysical anomalies. To date, 5 holes have been completed on the G1 anomaly which has intersected massive sulphides with visible zinc and copper minerals. Downhole intervals of the massive sulphides vary from 45cm to 24.1m. The true width and extent of the zone is unknown at this time. Details of the drilling program thus far are tabled below:



Table 1
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Hole No. From To Interval Mineralization
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G4-09-01 92.35 94.45 2.10 Semi-massive to massive
sulphides, po-py
---------------------------------------------------------------------------
BW-09-01 36.30 37.20 0.90 Massive sulphides, po-py
---------------------------------------------------------------------------
G1-09-01 36.75 47.30 10.55 Massive sulphides, visual sph, cpy
---------------------------------------------------------------------------
G1-09-02 80.30 104.40 24.10 Massive sulphides, visual sph, cpy
---------------------------------------------------------------------------
G1-09-03 79.30 79.75 0.45 Massive sulphides, visual sph, cpy
---------------------------------------------------------------------------
G1-09-04 70.20 71.90 1.70 Massive sulphides, visual sph, cpy
---------------------------------------------------------------------------
G1-09-05 122.00 128.60 6.60 Massive sulphides, visual sph, cpy
---------------------------------------------------------------------------

Note: py equals pyrite, po equals pyrrhotite, sph equals sphalerite,
cpy equals chalcopyrite

All measurements in metres.


Table 2 - Drillhole location
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Hole No. UTM n UTM e Azimuth Dip Length Anomaly
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G4-09-01 5896483 519991 120 -50 130.20 G4
---------------------------------------------------------------------------
BW-09-01 5900243 504845 0 -50 102.70 Bourdon West
---------------------------------------------------------------------------
G1-09-01 5903947 515396 315 -50 90.50 G1
---------------------------------------------------------------------------
G1-09-02 5903947 515396 315 -80 112.80 G1
---------------------------------------------------------------------------
G1-09-03 5903944 515452 335 -50 109.10 G1
---------------------------------------------------------------------------
G1-09-04 5903902 515361 335 -50 96.60 G1
---------------------------------------------------------------------------
G1-09-05 5903902 515361 335 -75 145.60 G1
---------------------------------------------------------------------------


The current exploration program is managed by White Pine for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo, President, White Pine Resources Inc. He is a "Qualified Person" in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On-site Quality Assurance/Quality Control Measures

All samples have been shipped to ACTLABS preparation laboratory in Thunder Bay Ontario. Analyses will be performed in the ACTLABS laboratory in Ancaster, Ontario. All core samples were selected by the White Pine site geologist, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were secured by project security tags for shipping. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation laboratory storage facility in Thunder Bay as required in the event that further work is needed.

Independent Quality Assurance and Quality Control Protocol

A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in numbered batches of 35 samples. Included in each batch of 35 samples are two certified reference standards, two laboratory duplicates, one blank sample comprised of sterile drill core and one core duplicate sample. This QC program was set up for White Pine Resources by Tracy Armstrong, P.Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec.

About Golden Valley Mines Ltd.: Golden Valley Mines typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of May 13, 2009, the Company holds majority property interests in 155 projects consisting of 4,420 mining titles (255,904 hectares) in Quebec, Ontario and Saskatchewan.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof, except as required by law. Accordingly, readers should not place undue reliance on such forward-looking statements.

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.

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