Fortune Valley Identifies El Penon Structural Trend on the Anillo Project

Fortune Valley Resources Inc. ("Fortune Valley" or the "Company") (TSX
VENTURE:FVX) reports it has recently completed a detailed ground magnetic
geophysical survey along the southwestern boundary of the Anillo property
immediately north and along strike of Angosta vein discovery at Yamana Gold's El
Penon gold/silver mine complex in northern Chile. The interpretation of the
geophysical survey shows the extension of the Angosta vein structure on to
Fortune Valley's Anillo property. In addition, the survey data shows an intense
magnetic low suggesting favorable alteration along the defined structural trend.
The altered zone may represent one of the flow-banded rhyolite domes intricately
associated with gold and silver vein mineralization at El Penon.


As indicated in Yamana's December 2, 2007 exploration overview presentation,
Yamana considers the Angosta Norte gold-silver vein located in the Bloque Norte
to be a high priority area for additional vein discovery. Fortune Valley's
geologic team has documented that Yamana trenched and drilled up to the boundary
of the Anillo property. The Company's overall property interest totals 31,200
hectares and flanks Yamana Gold's El Penon Mine to the north and east.


The Anillo project is located in the Atacama Desert in Region II of northern
Chile. It is approximately 160 km southeast of the port city of Antofagasta, and
40 km west from the massive Escondida copper mine at an elevation of 1,800
meters above sea level. The property is within the Paleocene gold belt and is
contiguous on the north and east with Yamana's El Penon mine property. Based on
Fortune Valley's geologic evaluation, the Anillo project contains the geologic
setting of El Penon and is on strike extension of the vein controlling
structures, thus making the Anillo project highly prospective for a new
gold-silver discovery.


The Company has a drill targeting budget of US$250,000 budget to identify and
refine drill targets on the Anillo property. The project will be drill ready
this fall. At that time, additional funds will be approved for the drill
program. 


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 and has approved of
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