Fortune Valley Announces Equity Financing

Fortune Valley Resources Inc. ("Fortune Valley" or the "Company") (TSX
VENTURE:FVX) announces that it intends to raise $600,000 through an offering of
units (the "Units") in the Company at $0.05 per Unit. Each Unit will consist of
one common share of the Company and one-half of a transferable common share
purchase warrant (a "Warrant") of the Company. Each whole Warrant will entitle
the holder to purchase one additional common share of the Company at $0.10 for a
period of two years subject to acceleration in the event that the shares trade
at $0.20 per share for 20 consecutive trading days.


A spokesperson for Fortune Valley stated that, "During the market turndown, the
new look management team has remained committed to its shareholders. This
important milestone will provide the financial resources for the Company to
advance its gold strategy in 2009."


The Units will be offered by way of short form prospectus in British Columbia
and Alberta.


Subject to satisfactory completion of due diligence, Blackmont Capital Inc. has
agreed to act as agent for this offering on a commercially reasonable efforts
basis. The Company will agree to pay a 10% cash commission and grant a
compensation option to the agent to purchase that number of Units equal to 10%
of the total number of Units sold under the offering.


Net proceeds from the offering will be used to pay the costs of the offering, to
conduct exploration and development activities, to pursue the acquisition of new
properties, to pay general and administrative expenses and to manage current
liabilities and working capital.


The closing of the offering is subject to certain conditions including, but not
limited to, the receipt of all necessary approvals including the approval of the
TSX Venture Exchange and the securities regulatory authorities.


Fortune Valley Resources Inc. is a mining company focused on creating
shareholder wealth through the development of high quality gold assets in Chile
and Argentina.


Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements, which
involve known and unknown risks and uncertainties. Without limitation,
statements regarding future plans and objectives of the Company are forward
looking statements that involve various degrees of risk. It is important to note
that the Company's actual results could differ materially from those in such
forward-looking statements.


The Board of Directors

Fortune Valley Resources Inc.

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