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Fortune Valley Resources Inc. To Conduct Airborne Geophysic
Surveys At Incahuasi Project, Northern Chile
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Vancouver, British Columbia -- August 10, 2007 -- Fortune Valley
Resources Inc. (TSX-V: FVX) announces it has entered into a contract
with Geodatas, a Chilean geophysical company, to fly regional magnetics
and radiometrics at the Company's Incahuasi project in northern Chile.
Final preparations are being made for an airborn magnetic and
radiometric geophysical survey over the entire Incahuasi project. The
survey will consist of approximately 800 line kilometres covering an
area of 15 kilometres by 10 kilometres on a 200 meter line spacing.
The work is expected to be conducted in September 2007 and will provide
important targeting information for phase 1 drilling planned by the
Company.

Fortune Valley Resources principal property is located in the historic
Incahuasi Gold District in northern Chile. Mining activities at
Incahuasi date back to the late 1800's and independent small miners
(pirquineros) continue to exploit gold and copper from small-scale
mines in the area. The Company has recently consolidated the 10,941
hectare land position using a combination of option agreements with the
small miners and staking of new concessions. The ground is
significantly under explored and no modern exploration has been carried
out on the consolidated land position. Initial exploration work on the
property by Fortune Valley Resources confirmed an extensive gold-copper
mineralized system with high-grade epithermal veins intermittently
exposed over the entire district.

Fortune Valley Resources Inc. is a mining 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.

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

Please visit our web site at www.fortunevalleyresources.com

For additional information contact:
Fortune Valley Resources Inc.
info@fortunevalleyresources.com
Phone 604-637-1268
Fax 604-637-1269

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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