Valley High Ventures Sets Date for Meeting to Consider Levon Offer

Valley High Ventures Ltd. ("Valley High", or the "Company") (TSX VENTURE:VHV) is
pleased to announce that on February 18, 2011 it obtained an interim order of
the Supreme Court of British Columbia authorizing, among other things, the
holding of an annual and special meeting of holders of its common shares and
options on March 22, 2011 in Vancouver, British Columbia. Meeting materials have
been mailed to Valley High's shareholders of record as at February 16, 2011.
Notice of the meeting and record dates have been filed with the appropriate
regulatory authorities and are available on SEDAR at www.sedar.com. 


As previously announced on January 17, 2011, Valley High and Levon Resources
Ltd. ("Levon") have entered into a definitive arrangement agreement under which
Levon will acquire 100% of the outstanding common shares of Valley High by way
of a plan of arrangement ("Arrangement"). Under the Arrangement, Valley High
shareholders will receive 1.0 share of Levon and 0.125 of a share in a new
exploration company, Bearing Resources Ltd. ("Bearing"), for each Valley High
share. At the meeting, shareholders will be asked to consider and, if thought
fit, approve the Arrangement.


Bearing is currently a wholly-owned subsidiary of Valley High. Upon completion
of the Arrangement, Bearing expects that it will be a reporting issuer in
British Columbia and Alberta. Bearing will hold Valley High's exploration
properties in British Columbia and the Yukon and approximately Cdn$1.8 million
in cash. An application will be made for listing of the Bearing shares on the
TSX-V. Any listing will be subject to meeting TSX-V original listing
requirements and there is no assurance such a listing will be obtained.


For additional information with respect to voting shares at the meeting please
contact the Company's proxy solicitation agent, Laurel Hill Advisory Group, by
email at [e-mail] or by telephone at 1-877-304-0211 (toll free
within Canada or the U.S.) or 416-304-0211 (for collect calls outside Canada and
the U.S.).


About Levon

Levon is a junior gold and precious metals exploration company exploring the
Cordero silver, gold, zinc and lead project (51% interest) near Hidalgo Del
Parral, Chihuahua, Mexico. Upon completion of the Arrangement Levon will own a
100% interest in the Cordero Project. Levon also holds the Norma Sass and Ruf
claims located near the Pipeline gold deposit, which is being mined and explored
by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander
County, Nevada, USA. In addition, Levon holds key land positions at Congress,
BRX, and Wayside in the productive Bralorne Gold camp of British Columbia,
Canada.


About Valley High Ventures

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. Upon completion of the Arrangement Levon will own a 100%
interest in the Cordero Project.


About Bearing Resources

Bearing will be a Canadian based precious and base metal exploration company
with projects located in British Columbia and Yukon. The Mount Polley and
October Dome projects are 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,
Bearing will have an option to acquire a 100% interest in the Flume gold
property which is located within the newly recognized White Gold District. Ryan
Gold Corp. has been granted a right to earn up to 75% interest in VHV's interest
in the Flume property. In addition, Bearing will hold additional Yukon
exploration properties located near Golden Predator's Clear Creek gold project
and Northern Tiger's 3Ace gold project.


VALLEY HIGH VENTURES LTD.

Geoff Chater, President

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 metals,
estimated future production, estimated costs of future production, and
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 metals,
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.