Valgold Announces New Directors

ValGold Resources Ltd. ("ValGold") is pleased to announce that Rod Whyte and Charles Parsons have joined its Board of Directors. Together with incumbent directors; Sargent Berner, Dr. A. Darryl Drummond, Kenneth Yurichuk and Stephen Wilkinson, Messrs. Whyte and Parsons were elected by an overwhelming majority (greater than 99%) of the shares voted at ValGold's AGM held on June 19^th, 2012.

Mr. Whyte brings more than 40 years of practical experience in the natural resource sector and in emerging markets and has been a ValGold shareholder for many years.

Mr. Parsons is a Chartered Accountant with considerable experience in the junior mining sector and has participated on audit committees over his career. Mr. Parsons also has considerable experience working within the former CIS.

"We look forward to valuable contributions to our Company from Rod and Charles as we advance our overseas gold projects," commented Sargent Berner, ValGold's Chairman. "Their experience of Russia and the Baltic States should benefit ValGold."

ValGold would also like to recognize the contributions of our former directors, William Witte and Michael Sadhra who did not stand for re-election at the AGM. The Company has appreciated their efforts over the years.

ABOUT VALGOLD

Incorporated in 1987, ValGold is listed on Tier 1 of the TSX Venture Exchange under the symbol VAL. ValGold is an international mineral development company based in Vancouver, Canada. The Company's objective is to generate wealth for its stakeholders by seeking out, acquiring and advancing properties with recognizable but under-explored mineral resources.

ValGold's commitment is to realize value from significant mineral deposits which satisfy key criteria --

• Mineral rights to extensive areas in prospective but non-traditional and under-explored regions.
• Mineral exploration projects with potential for substantial development.
• Projects that require experienced management with exploration, mining and financial expertise.