ValGold Files Technical Report for Its Garrison Gold Property, Ontario

ValGold Resources Ltd. ("ValGold" or the "Company") (TSX
VENTURE:VAL)(FRANKFURT:VR2) is pleased to announce that it has received and
filed on SEDAR the NI 43-101 report entitled "TECHNICAL REPORT, MINERAL RESOURCE
ESTIMATE AND PRELIMINARY ASSESSMENT OF GARRISON GOLD PROPERTY" (the "Report").
The Report was prepared by Peter George, B.Sc., P.Geo. of A. C. A. Howe
International Limited. Mr. George ("the Author") is a Qualified Person as
defined by NI 43-101 and has over 40 years experience in the mining industry
including extensive experience in the gold exploration and mining sector in
Canada. The Garrison Gold Property (the "Property") is situated in the
Timmins-Kirkland Lake area of north eastern Ontario.


The Report contains concise details on the Property including its location,
history, previous and current work, geology and mineralization styles,
descriptions of ore and its metallurgy, and a preliminary assessment of the
economic potential of the deposit. In addition, the Author has reported on the
value of continuing the exploration of the project, emphasising the necessity of
moving the project to the advanced stage of re-opening the underground workings
to expand the known resources by more accurately measuring the size and grade of
the zones. Another described attribute of the Property is the amount of existing
underground development for which the zones containing the mineral resources are
accessed by a decline, lateral workings and a service shaft all of which would
have a replacement cost well in excess of ValGold's current market cap.


The Indicated and Inferred Resource estimates focused on four, laterally
contiguous mineralized zones along the Munro Fault which is a splay from the
regional Porcupine-Destor Fault ("PDF"). The results of the resource estimate
were previously announced on April 8th 2008. The current estimate of the
resources reflects a modest upgrading of the resources due to a minor correction
applied by the Author and the resources are summarized in the following table:




-------------------------------------------------------------------
                  Indicated Resource           Inferred Resource
             ------------------------------------------------------
Zone          Tonnes   g/T Au   Ounces     Tonnes   g/T Au   Ounces
-------------------------------------------------------------------
JP Zone      236,100     7.69   58,380    812,400     4.66  121,750
-------------------------------------------------------------------
JD Zone                                   168,000     7.37   39,830
-------------------------------------------------------------------
RP Zone       12,100    10.91    4,260    124,300     5.05   20,170
-------------------------------------------------------------------
East Zone      4,900     3.58      560    451,100     4.47   64,790
-------------------------------------------------------------------
TOTALS       253,100     7.77   63,200  1,555,800     4.93  246,540
-------------------------------------------------------------------
NOTE - Summation of ounces may not add exactly due to rounding.



The Author concludes that the Property is a property of merit as defined in NI
43-101 and warrants additional expenditures. In addition, based on a preliminary
economic assessment the Property has economic potential based on current
knowledge of gold recoveries and current gold prices for an 11-year life-of-mine
subject to the confirmation of the resources that can be categorized as proven
and probable reserves. The Preliminary Assessment is preliminary in nature, and
includes inferred resources that are considered too speculative geologically to
have economic considerations applied to them that would allow them to be
categorized as mineral reserves and thus there is no certainty that the
preliminary assessment will be realized.


The Author recommends that the Company plan an underground exploration and
development program and budget for the JP Zone and adjacent JD and RP Zones. The
program should include sufficient lateral development to provide access for
drilling to upgrade sufficient inferred and indicated resources to indicated and
measured resources that would justify a production decision. In tandem with the
underground exploration program, the Company should do additional metallurgical
test work to determine the optimum milling process for the refractory ores. In
addition, the Company should initiate environmental studies in anticipation of
needing to generate an environmental impact statement before permits could be
granted for mining.


Furthermore, the Author recommends that the Company commence a study of the
Garrcon Zone and once completed to layout a program and budget to test the
potential for a bulk tonnage, open-pit operation. It is suggested by the Author
that the Garrcon Zone has the potential to host a bulk tonnage target of up to
30 million tonnes ranging in grade from 1 to 3 g/T Au.


Project Summary

The Garrison Gold Property is located 40 kilometres (km) north of the town of
Kirkland Lake, 100 km east of Timmins and 8 km west of and on strike with St.
Andrew Goldfields' Holloway and Holt-McDermott gold mines. Access to the
property is by Ontario highway 101 that runs along the north boundary of the
property. The mining leases cover approximately 3 km of the famous PDF and a
major splay, the Munro Fault Zone ("MFZ").


The gold mineralization on the property occurs as sulphide-rich bodies within
the two major fault zones, and within the intervening Timiskaming sediments
associated with quartz-pyrite vein stockworks. Sulphide mineralization within
the MFZ forms a series of five high-grade shoots that occur near the footwall of
the fault. Previous operators completed a total of 199 drill holes focusing
primarily on gold zones over the 1.7 km long strike length of the fault zone and
to a depth of 300m (1,000 ft). The individual mineralized shoots are estimated
to be up to 300m (1,000 ft) in strike length, average 3.35m (11 ft) in thickness
and contain gold associated with albite, sericite and pyrite alteration. An
advanced underground exploration program was initiated on the J.P. gold zone in
October 1995. The underground development included a 12 x 14-foot, 18-20-degree
decline excavated to the 476-level.


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. The Author has reviewed and agrees with the
technical content of this news release as an accurate representation of the
report.


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


Stephen J. Wilkinson, President & Chief Executive Officer

Caution concerning forward-looking statements: The information in this release
may contain forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those
implied in the forward-looking information. Factors that may cause actual
results to vary include, but are not limited to, inaccurate assumptions
concerning the exploration for and development of mineral deposits, political
instability, currency fluctuations, unanticipated operational or technical
difficulties, changes in laws or regulations, the risks of obtaining necessary
licenses and permits, changes in general economic condition or conditions in the
financial markets and the inability to raise additional financing. Readers are
cautioned to not place undue reliance on this forward-looking information. The
Company does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information to
reflect the occurrence of future unanticipated events except as may be required
under applicable securities laws.


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