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Fortune Valley Resources Hires Investor Relations Manager
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Vancouver, British Columbia -- October 24, 2007 -- Fortune Valley
Resources Inc. (TSX-V:FVX) ("Fortune Valley" or the "Company") is
pleased to announce that it has employed Karen Robb as Manager of
Investor Relations. The employment is for a one-year term and Ms. Robb
will be paid a salary of $32,500. Ms. Robb will be responsible for
marketing and shareholder communications, promotional materials, mining
conferences, website management and all other tasks relating to the
promotion of the Company. The Company has agreed to grant Ms. Robb a
stock option to purchase up to 50,000 common shares of the Company at
an exercise price of $0.45 per share with a 5 year expiry term and an
18 month vesting period. Other than stock options, Ms. Robb does not
own any securities of the Company, nor does she have any direct or
indirect interest in the Company.
The Company also announces the grant of stock options to consultants
and employees of the Company to acquire up to 155,000 common shares at
a price of $ 0.45 per share with 5 year expiry term and an 18 month
vesting period according to the terms of the Company's Stock Option
Plan.
The grant of the aforementioned stock options is subject to the
approval of the TSX Venture Exchange.
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's principal asset is the Incahuasi
project, located in Region III in northern Chile.
Michael J. Gingles, CEO & President
On behalf of the Board of Directors
For additional information contact:
Fortune Valley Resources Inc.
Karen Robb, Manager Investor Relations
info@fortunevalleyresources.com
Phone: (604) 637-1268
Fax: (604) 637-1269
CHF Investor Relations
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) 2007 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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