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Fortune Valley Drills Porphyry Copper At Incahuasi Central Target
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Vancouver, British Columbia -- February 15, 2008 -- Fortune Valley
Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX-V:
FVX) announces the results of its 2007 drilling campaign on the
Incahuasi project located in Region 3 in northern Chile. The Company
completed 36 reverse-circulation drillholes totaling 5,113 metres
within the roughly 11,000 hectare property position. Results have been
received from the first 24 drillholes, which were completed in the 420
hectare Incahuasi Central target area, and which focused on high-grade
gold and copper veins. Table 1 summarizes drill results, using a 0.2 %
copper cutoff grade for drill intervals greater than 3 metres.

Michael Gingles, President and CEO stated, "Although the initial drill
targets at Incahuasi Central were geared toward finding the strike and
dip extents of the various gold veins in the district, these drill
intercepts with copper offer an opportunity to the company that needs
to be followed up and understood. The potential for significant copper
mineralization is intriguing and presents additional possibilities for
the project which could include a significant copper find. We are now
negotiating with local drilling companies to initiate a phase-2 drill
program that will address the porphyry copper potential and perform
additional drilling in the extensive Incahuasi Este vein system
starting early in the second quarter of the year."

Drillhole RC-IC-005 cut 30 metres grading 0.808% copper and 0.408 g/t
gold from porphyry-style alteration contained within a northwest
oriented structural corridor. Additional outcrops of altered
porphyries have been mapped within this northwest zone. This
mineralized drill interval and geologic mapping suggest the zone is
open to the northwest and southeast.

The majority of the reverse circulation drilling targeted the
postulated down-dip extensions of the high-grade gold-copper vein sets
in the Incahuasi Central area. The veins were tested below the
artisanal and historic mine workings. While the gold mineralization
appears to decrease immediately below the old mine workings,
significant copper grades associated with the veins were encountered.
Drilling along the six vein sets in Incahuasi Central returned vein
material within an altered andesite volcanic package. The drillholes
intercepted quartz-vein material with significant (>2% visual
estimation) sulfides associated with quartz vein material. In the
Paulina vein target, drilling returned a significant gold value of 10.4
g/t gold over one meter. The majority of the drillholes encountered
quartz veins with anomalous gold over one to several metres; however,
the vein intercepts were generally below a 3g/t gold cut off suggesting
a bottom to the vein-style gold zones.

The Camino vein shows strong copper mineralization near the
intersection of the north-south oriented Camino trend with northwest
trending porphyry zone. Drilling along the Camino zone returned 11, 13
and 19 metres grading 0.632%, 0.573% and 0.940% copper respectively
from a structurally controlled zone.

Results from the remaining 12 reverse circulation drillholes located in
the Incahuasi Este area are pending and are expected to be released
within the next 3 to 4 weeks. The Incahuasi Este target is located 10
kilometres east of Incahuasi Central and contains an epithermal vein
swarm measuring 7 kilometres long with numerous veins distributed over
a 3 kilometres wide corridor.

Click link below to view table:
http://www.fortunevalleyresources.com/i/misc/table-02-08.gif

Mr. William C. (Bill) Howald, AIPG, Certified Professional Geologist #
11041, Fortune Valley Resources' VP Exploration & Corporate
Development, is the Qualified Person as defined under National
Instrument 43-101 responsible for the scientific and technical work on
the exploration program and is responsible for reviewing the technical
disclosure in this press release.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical
quality control and assurance programs for Fortune Valley Resources'
Incahuasi project. He is responsible for creating, administering, and
monitoring sample preparation and analytical QA/QC procedures for the
drilling program. The Company uses high-quality standards, duplicates
and blanks to determine the quality of the report assay and
multi-element determinations.

ALS Chemex performed all analytical testing using industry-standard
analytical techniques. Gold was analyzed using fire assay on a 50-gram
sample with an atomic absorption finish, and a gravimetric finish on
all results greater than 10ppm gold. Copper determinations were
completed using ICP-mass spectrometry for copper determination below 1%
copper, and four-acid digestion for values greater than 1% copper.

Fortune Valley Resources Inc. is a Canadian mining exploration company
focused on creating shareholder wealth through the acquisition,
exploration and development of high quality gold and silver projects in
Chile and Argentina. The Company has assembled a highly experienced
Board of Directors and management team with proven technical and
commercial successes at some of the major gold mines and projects in
North and South America, including Yanacocha, Cortez, Voisey's Bay,
Zaldivar, Turquoise Ridge, Fort Knox, La Coipa, Pueblo Viejo and Cerro
Casale. Management has good understanding of how to do business in
Latin America gained from living and working in the region, and
extensive skills in exploration, feasibility work, business and
corporate development, gold trading, finance and executive management
of public companies. Fortune Valley holds ownership interests in
approximately 54,000 hectares exploration concessions in Chile.

On behalf of the Board of Directors
Michael J. Gingles, President and CEO


For additional information contact:

Fortune Valley Resources Inc.
Ms. Karen Robb, Manager, Investor Relations
info@fortunevalleyresources.com
Phone 604-637-1268
Fax 604-637-1269

CHF Investor Relations
Mr. Robin Cook, Account Manager
robin@chfir.com
Phone: (416) 868-1079, Ext. 228
Fax: (416)868-6198


The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

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Copyright (c) 2008 FORTUNE VALLEY RESOURCES INC. (FVX) All rights
reserved. For more information visit our website at
http://www.fortunevalleyresources.com/ or send
mailto:info@fortunevalleyresources.com
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