Golden Valley Mines Ltd.: Election of Directors and Confirmation of Advance Notice Provisions

Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company") (TSX
VENTURE:GZZ) announces the results of its Annual and Special Meeting of
Shareholders (the "Meeting") held on June 12, 2013 in Montreal, Quebec. 


At the Meeting, shareholders approved the re-election of all of the members of
the Company's board of directors, namely Messrs. Joseph Groia, Blair F. Morton,
Glenn J. Mullan, Robert D. Smith, Chad Williams, and Dr. C. Jens Zinke. The
board of directors is comprised of a majority of independent directors. 


Additionally, amongst the other resolutions passed at the Meeting, shareholders
confirmed the adoption of an amendment to the Company's by-laws requiring that
advance notice be given to Golden Valley Mines in circumstances where a
shareholder wishes to nominate a person for election as a director of the
Company (the "By-Law Amendment"). A copy of the By-Law Amendment will be filed
with regulators and available for viewing under the Company's issuer profile on
SEDAR through the internet at www.sedar.com. 


About Golden Valley Mines Ltd.: The Company typically tests initial grassroots
targets while owning a 100% interest therein and then seeks partners to continue
exploration funding. This allows the Company to carry on its generative programs
and systematic exploration efforts at other majority-owned grassroots projects.
The Company (together with its various subsidiaries) holds property interests in
projects in Canada (Saskatchewan, Ontario and Quebec). 


Forward Looking Statements: 

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or realities may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glenn J. Mullan
Chairman, President, and CEO
Golden Valley Mines Ltd.
819.824.2808 ext. 204
[e-mail]