Article: Fortune Valley Resources Inc. Increases Land Position at Incahuasi Project, Northern Chile

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 7, 2007) - Fortune Valley Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX VENTURE:FVX) announces the publication in the Official Mining Bulletin of the Republic of Chile confirming the final registration of 1,494 hectares preferential concession rights at the company's Incahuasi project in northern Chile. These new concessions increase the Company's consolidated land position to 10,941 hectares.

Fortune Valley Resources President and CEO, Michael Gingles, stated: "The consolidation of these new concessions into the Incahuasi land package is consistent with our strategy to develop significant land positions in highly ...

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