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      Fortune Valley Provides Corporate Update On Exploration
      Activities
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Vancouver, British Columbia -- June 19, 2008 -- Fortune Valley
Resources Inc. ("Fortune Valley" or the "Company") (TSX-V: FVX) is
pleased to announce an update of the Company's exploration activities
in Chile and Argentina.

Fortune Valley has a significant project portfolio within Chile and
Argentina that shows promise for potential stand-alone deposit
discovery. The Company's experienced and knowledgeable Chilean geologic
team is advancing the Anillo and Este de la Alumbrera projects while
preparing several of the other projects as potential joint venture
opportunities.

Anillo Property

The Anillo property (31,200 ha, 312 km2) is located within the
Palaeocene gold belt immediately adjacent to the north and east of
Yamana Gold's El Pe��n gold-silver mine complex in Region II in Chile.

Fortune Valley continues to advance the project which now hosts
multiple targets for potential gold discovery. Geologic mapping,
sampling and data compilation show several regional structural zones
that control the enechelon vein system at El Pe��n extend onto the
Anillo property. At the Angosta discovery, which is located
approximately 3 km south of the Anillo boundary, Yamana Gold has
trenched and drilled along the Angosta vein trend up to the southern
boundary of the Anillo property.

The Company has recently signed an agreement to conduct IP-resistivity
geophysics at Anillo, and is continuing detailed mapping and rock chip
sampling on the project to identify the best targets for drilling. The
Company will report on drill targets as the surface exploration work
plan refines the targets areas.

Fortune Valley entered into an option agreement with Chilean mining
giant Corporaci�n Nacional del Cobre de Chile ("Codelco") to acquire a
65% interest in the Anillo property in January 2008.

Este de la Alumbrera Property

The Este de la Alumbrera property (3,500 ha, 35 km2) is favourably
located in the Farall�n Negro Volcanic Complex about 15 km east from
the Xtrata-Goldcorp-Yamana owned Bajo de la Alumbrera mine and is
within the regional trend that also hosts Yamana's Agua Rica
gold-copper development project located about 34 km to the north.
Immediately adjacent to the south is the Cerro Atajo gold-copper
porphyry and gold-silver epithermal vein project and the historic,
poly-metallic Farallon Negro mine is located in the western portion of
the same district. Fortune Valley is conducting preliminary
investigation of the property in order to understand the potential for
exploration and resources discovery.

Fortune Valley entered into an option agreement with a private owner to
acquire a 100% interest in the Este de la Alumbrera property in the
Province of Catamarca in Argentina (see press release dated May 22,
2008).

Tres Puntas, Aguas Buenas and Pejerreyes Properties

In 4Q 2007, Fortune Valley acquired 100% interest in three properties
by staking new exploration concessions: Tres Puntas (4,000 ha, 40 km2)
in Region III in Chile, and Agua Buenas (3,600 ha, 36 km2) and
Pejerreyes (4,500 ha, 45 km2) in Region VII in Chile.

Fortune Valley is currently compiling an information package on the
properties and will be inviting major and mid-tier gold mining
companies to review the data for potential joint ventures on the
properties.

Incahuasi Property

Fortune Valley has recently completed a Phase II drilling program at
the Incahuasi property (overall 10,921 ha, 109km2) in Region III and IV
in Chile.

Drilling results at the Incahuasi Este target area (10,543 ha, 105 km2)
support the geologic interpretation for medium to large
iron-oxide-copper-gold system (IOCG) potential. The upper level
copper-gold-hematite veins intersected in drilling are similar in
character to other known IOCG deposits such as Candelaria in Chile and
Osbourne in Australia. Fortune Valley is compiling and reviewing the
data on the Incahuasi Este area to define IOCG targets for future
drilling.

Drilling results from the historical Incahuasi Central target area (378
ha, 4 km2) suggest the scope of the porphyry target could be of interest
to junior operators in the region and the Company has embarked on
identifying a partner for potential joint venture of the Incahuasi
Central area.

New Exploration Projects

Since completing an initial public offering and commencing trading on
the TSX Venture Exchange on July 31, 2007, Fortune Valley has
successfully developed an exploration property portfolio of
approximately 58,000 hectares (six properties), including the highly
prospective Anillo project located immediately adjacent to the north
and east of the El Pe��n gold-silver mine complex.

The Company will continue to pursue and acquire high quality
exploration projects, either to advance on a stand-alone basis or to
seek major or mid-tier gold mining companies for potential joint
ventures. 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.

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. Fortune Valley holds ownership interests in
approximately 58,000 hectares of exploration concessions in Chile and
Argentina.

On behalf of the Board of Directors

Michael J. Gingles, President and CEO


For additional information contact:
CHF Investor Relations
Robin Cook, Senior 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
Message sent on Thu Jun 19, 2008 at 9:12:08 AM Pacific Time
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