VALIANT MINERALS LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

CALGARY, April 14 /CNW/ -- 
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
 THE UNITED STATES./


CALGARY, April 14 /CNW/ - Valiant Minerals Ltd. ("Valiant") (TSXV/NEX:
 VTM.H) is pleased to announce the closing of the previously announced
 private placement of common shares ("Common Shares"). The closing of the private placement comprised 8,000,000 Common
 Shares at a price of $0.05 per Common Share for gross proceeds of
 $400,000. Directors, officers and other insiders participated for
 approximately 6% of the private placement.


The securities issued in connection with the private placement are
 subject to a four month hold period and those issued to directors are
 subject to the escrow provisions of the Exchange.  The proceeds from
 this private placement will be used for general working capital
 requirements.  The securities will not be registered with the US
 Securities and Exchange Commission and may not be offered or sold
 within the United States without registration or an applicable
 exemption from the registration requirements of the United States Securities Act of 1933 and any applicable state securities laws.


At the closing of the private placement, Valiant Minerals Ltd. has
 11,800,000 Common Shares outstanding.


Forward-looking Statements
This press release contains forward-looking statements. Any statements
 that are contained in this press release that are not statements of historical fact may be considered
 forward-looking statements. Forward-looking statements are often
 identified by terms such as "may", "should", "anticipate", "expects"
 and similar expressions.  Forward looking statements in this press
 release include, but are not limited to statements concerning the
 anticipated use of the net proceeds from the private placement, and
 management's assessment of future plans and operations.  Although
 Valiant believes that the expectations reflected in these
 forward-looking statements are reasonable, undue reliance should not be
 placed on them because Valiant can give no assurance that they will
 prove to be correct. 


Since forward-looking statements address future events and conditions,
 by their very nature they involve inherent risks and uncertainties.
 These forward-looking statements are based on current expectations that
 involve a number of risks and uncertainties, which could cause actual
 results to differ materially from those anticipated. These risks
 include, but are not limited to the private placement receiving final
 approval from the TSX Venture Exchange, to which it is subject. The
 intended use of the net proceeds of the offering by Valiant might
 change if the board of directors of Valiant, determines that it would
 be in the best interests of Valiant to deploy the proceeds for some
 other purpose. Readers are cautioned that the foregoing list of factors
 is not exhaustive. Additional information on these and other factors
 that could affect Valiant's operations and/or financial results are
 included in Valiant's reports on file with Canadian securities
 regulatory authorities. 


Readers are cautioned not to place undue reliance on forward-looking
 statements as there can be no assurance that the plans, intentions or
 expectations upon which they are placed will occur. Such information,
 although considered reasonable by management at the time of
 preparation, may prove to be incorrect and actual results may differ
 materially from those anticipated. Forward-looking statements contained
 in this press release are expressly qualified by this cautionary statement.  


The forward-looking statements contained in this press release are made
 as of the date hereof and Valiant undertakes no obligation to update
 publicly or revise any forward-looking statements or information,
 whether as a result of new information, future events or otherwise,
 unless so required by applicable securities laws.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
 DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
 STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
 AN OFFER TO BUY ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED
 STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED
 UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY
 STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
 STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


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p Mr. Roderick MacDonald, President and Chief Operating Officerbr/ Tel: [phone]br/ a href="mailto:[e-mail]"[e-mail]/a /p 

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