$14 Million Phase Three Drill Program Commences At Valley High's Cordero Silver-Gold Project In Mexico

Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) is pleased to
announce the commencement of a phase three drill program at the Cordero silver,
gold, zinc and lead project located 35 kilometres northeast of Hidalgo Del
Parral, Chihuahua, Mexico. The phase three program is budgeted at $14,000,000
and will include approximately 59,000 metres of core drilling, initial
metallurgical / engineering studies and continued surface exploration. The
property comprises wholly-owned claims and consolidated land agreements that
total approximately 20,000 hectares and is being explored in a Joint Venture
with Levon Resources Ltd. (51% and operator). Valley High is a 49% contributing
partner to the project.


A 59,000 metres drill program is expected to begin October 1st; initially with
two drill rigs that are currently on site and then expanding with additional
rigs in the coming months. Drilling will be divided into three components; 1)
continued definition and step-out drilling of the discoveries at the Pozo De
Plata and Porphyry Zones, 2) initial step-out drilling from intersections
encountered in phase one and phase two drilling, particularly at the Josefina
zone and Dos Mil Diez zones, and 3) drill testing of targets outlined by phase
one and phase two exploration surveys that included soil geochemistry,
geophysics and geological mapping. 


The Pozo De Plata Zone was first drilled in October 2009 with 3 out of 4 holes,
returning important values in silver, gold, zinc and lead including exceptional
values in discovery hole C09-5. Phase 2 drilling commenced in January, 2010 and
focused on 50 metre grid drilling surrounding hole C09-5 and some larger
step-outs to the southwest towards holes C09-1 and C09-2. Drilling to date has
outlined an area of mineralization, some 465 metres long by 200 metres wide and
with mineralized diatreme-hosted intervals at depths up to 300 metres. The zone
may connect with holes C09-1 and C09-2 farther south for an additional 290
metres of potential strike length. Pozo De Plata is a tabular mineralized
diatreme breccia with mineralized rhyolite and dacite dike swarms. Sulfide
minerals, sphalerite, galena and possible silver sulphosalts occur as diatreme
clasts, disseminated grains and massive accumulations in the diatreme breccia
matrix and veins of massive sulfide and high grade replacement mineralization
after large limestone clasts within the diatreme. 


The Porphyry Zone, located on the east side of the Cordero Dome approximately
1,300 metres northeast of the Pozo De Plata zone comprises a series of nested,
altered and mineralized igneous intrusive bodies (stocks) within the eastern
contact zone of the Cordero Felsic Dome Complex. It has been tested by 8 holes
over a distance of 1200 metres with encouraging results being previously
reported from several holes including hole C010-41.


Initial Metallurgical / Engineering Studies

Engineering studies in Phase three will include preliminary metallurgical test
work on the Pozo De Plata and Porphyry Zones, initiation of work preparatory to
the completion of an initial 43-101 resource estimate and other related
engineering studies including infrastructure and environmental base line
studies. 


Continued Surface Exploration

The majority of the large Cordero property has not been explored. The phase
three program will continue surface exploration work including geological
mapping, geochemistry and geophysics (3D IP and gravity surveys). Initially work
will focus on two areas, the La Ceniza target, immediately northeast of the
Porphyry zone and diatremes in the Molino de Viento Caldera Diatreme Complex
located 7 km southwest of the Dos Mil Diez zone. 


Robert Cameron, PGeo, who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release. 


About Valley High Ventures Ltd.: 

Valley High is a Canadian based precious and base metal exploration company with
projects located in Mexico, British Columbia and Yukon. The Cordero project in
Mexico (49% interest) is being evaluated for large bulk mineable silver, gold,
zinc and lead deposits. The Mount Polley project is located in British Columbia
adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold
mine and includes a production royalty on the Boundary Property, with Imperial.
In the Yukon, Valley High has an option to acquire a 100% interest in the Flume
gold property which is located within the newly recognized White Gold District.
Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley
High's interest in the Flume property.


VALLEY HIGH VENTURES LTD.

Robert Cameron, Chief Executive Officer

This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to those with respect to the prices of copper,
estimated future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of Valley High
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. Such
factors include, among others, the actual prices of copper, the factual results
of current exploration, development and mining activities, changes in project
parameters as plans continue to be evaluated, as well as those factors disclosed
in documents filed from time to time with the securities regulators in the
applicable Provinces of British Columbia and Alberta.