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Article: Fortune Valley Partners With Codelco to Explore Property Adjacent to El Penon Mine

Article from:
CCNMatthews Newswire
Article date:
January 10, 2008
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - Fortune Valley Resources Inc. ("Fortune Valley Resources" or the "Company") (TSX VENTURE:FVX) announces it has signed an option agreement with Corporacion Nacional del Cobre de Chile ("Codelco") to acquire a 65% interest in the Anillo property located in Region II of the Republic of Chile. The property area totals 24,000 hectares and flanks Yamana Gold's El Penon Mine to the north and east. The agreement is subject to fulfillment of applicable regulatory procedures in Chile.

Fortune Valley Resources President and CEO, Michael Gingles commented: "This is an important partnership that matches a highly- motivated exploration company ...

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