Fortune Valley Identifies Priority Targets on the Anillo Project

Fortune Valley Resources Inc. (TSX VENTURE:FVX)(OTCBB:FTVYF) ("Fortune Valley"
or the "Company") reports that it has identified four priority target areas on
the Anillo property located adjacent to the El Penon mining complex in Region II
of the Republic of Chile.


A detailed rock-chip sampling program was completed by Fortune Valley over the
southwest corner of the Anillo property where a previously announced
comprehensive magnetic geophysical survey was completed by the Company. The
geophysical survey shows the north-south El Penon structural trend continues on
to the Anillo property. Using a publically available geochemical study from 2005
completed for the El Penon mine, the Anillo samples were treated to enhance
geochemical trends in the dataset. The resulting analysis corroborates the
geophysical trend and indicates the Anillo samples are potentially within 150
metres of the pay zone of an El Penon-like vein system. The geochemical
signature is comparable in magnitude to samples collected above and proximal to
the El Penon veins at the mine.


In addition, the filter was applied to other rock-chip samples collected within
the Anillo project. The results highlight three additional high-priority areas
within Fortune Valley's land holdings. At present, the Anillo project contains
four high-priority target areas with values similar in size and strength to
those found at the El Penon mine. Additional trenching and detailed geophysics
is planned to further refine these drill targets. Figure 1 shows the
distribution of anomalies on the Anillo project along with the mapped structural
controls.


To view a map of "Figure 1: Anillo project showing structures and high-priority
targets", please visit the link below:


http://media3.marketwire.com/docs/anilloprojectfortunevalleytarget.pdf

The Anillo geochemical dataset shows that copper, zinc and arsenic values
decrease toward the vein system while silver, lead, and ultimately gold
increase. The anomalies have similar magnitude and size to samples over the El
Penon gold mine. The published values of antimony, arsenic, zinc, lead, copper
and silver at El Penon were reviewed and filtered based on distance from 0 to
150 metres above and proximal to the El Penon gold/silver vein system. In
addition, compilation of historic drillholes completed during the porphyry
copper exploration programs of CODELCO, Utah International and Billiton show
mineralized veins with anomalous gold and silver values were intersected. One
drillhole, ANI-8, returned 1.1 g/t Au and 26 g/t Ag over 2 metres from a logged
silicified breccia within Target 2 as shown in Figure 1.


The Anillo project consists of 31,200 hectares located within the Paleocene gold
belt of Chile. Past exploration work on the project focused on copper within the
altered volcanic lithologies. The regional geologic setting is the same as the
adjacent El Penon gold mine which is the largest gold producer in Chile.
Expected annual metal production is 460,000 to 470,000 gold equivalent ounces
for 2008, and with proven and probable reserves (at December 31, 2007) equal to
9.0M tonnes grading 6.64 g/tone Au for 1.9-million ounces of gold and 9.0M
tonnes grading 280 g/tonne Ag for 81-million ounces of silver. Exploration work
on the Anillo project is focusing on defining drill targets for discovery of an
El Penon-like gold/silver vein system.


Mr. William C. (Bill) Howald, AIPG, Certified Professional Geologist # 11041,
Fortune Valley Resources' VP Exploration & Corporate Development, is the
Qualified Person as defined under National Instrument 43-101 responsible for the
scientific and technical work on the exploration program and is responsible for
reviewing the technical disclosure in this press release.


About Fortune Valley

Fortune Valley Resources Inc. is a Canadian mining exploration company focused
on creating shareholder wealth through the acquisition, exploration and
development of high quality gold and silver projects in Chile and Argentina. The
Company's Board of Directors and management team has proven technical and
commercial successes at some of the major gold mines and projects in North and
South America, including Yanacocha, Cortez, Voisey's Bay, Zaldivar, Turquoise
Ridge, Fort Knox, La Coipa, Pueblo Viejo and Cerro Casale. Management has good
understanding of how to do business in Latin America gained from living and
working in the region, and extensive skills in exploration, feasibility work,
business and corporate development, gold trading, finance and executive
management of public companies. Fortune Valley holds ownership interests in
approximately 54,000 hectares exploration concessions in Chile.


On behalf of the Board of Directors

Michael J. Gingles, President and CEO

Fortune Valley Resources Inc. Com Npv (TSXV:FVX)
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