Valencia in Discussions to Acquire New Phosphate Asset

Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") is
pleased to announce that it is in discussions with an arm's length party to
acquire a phosphate project in Africa (the "Proposed Transaction"). It is
anticipated that Valencia will negotiate and enter into a definitive agreement
in respect of the Proposed Transaction, which will provide for conditions
precedent that are standard for a transaction of this nature, including
satisfactory due diligence, receipt of all regulatory and TSX Venture Exchange
(the "TSXV") approvals, and approval by Valencia's shareholders. 


In accordance with the policies of the TSXV, the common shares of the Company
are currently halted from trading and will remain halted until further notice. 


Valencia will provide further details in respect of the Proposed Transaction, in
due course once available, by way of news release.


As indicated above, completion of the Proposed Transaction is subject to a
number of conditions, including shareholder approval. There can be no assurance
that a definitive agreement will be entered into or that the Proposed
Transaction will be completed on the terms contemplated in such agreement, or at
all.


About Valencia 

Valencia is a Canadian resource company with common shares that trade on the TSX
Venture Exchange under the symbol VVI. 


Forward - Looking Information

Certain information set forth in this press release contains "forward-looking
information" under applicable securities laws. Except for statements of
historical fact, certain information contained herein constitutes
forward-looking information, including statements regarding the execution of a
definitive agreement, the completion of the Proposed Transaction, the receipt of
regulatory and shareholder approvals, management's assessment of Valencia future
plans and operations, which statements are based on Valencia's current internal
expectations, estimates, projections, assumptions and beliefs, which may prove
to be incorrect. Some of the forward-looking information may be identified by
words such as "expects" "anticipates", "believes", "projects", "plans", and
similar expressions. These statements are not guarantees of future performance
and undue reliance should not be placed on them. Such forward-looking
information necessarily involve known and unknown risks and uncertainties, which
may cause Valencia's actual performance and financial results in future periods
to differ materially from any projections of future performance or results
expressed or implied by such forward-looking information. These risks and
uncertainties include, but are not limited to: liabilities inherent in mine
development and production; geological, mining and processing technical
problems; Valencia's inability to obtain required mine licenses, mine permits
and regulatory approvals required in connection with mining and mineral
processing operations; title matters; foreign operations issues; local community
issues; competition for, among other things, capital, acquisitions of reserves,
undeveloped lands and skilled personnel; incorrect assessments of the value of
acquisitions; changes in commodity prices and exchange rates; currency and
interest rate fluctuations; various events which could disrupt operations and/or
the transportation of mineral products, including labour stoppages and severe
weather conditions; the demand for and availability of rail, port and other
transportation services; and management's ability to anticipate and manage the
foregoing factors and risks. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Valencia undertakes
no obligation to update forward-looking information if circumstances or
management's estimates or opinions should change except as required by
applicable securities laws. The reader is cautioned not to place undue reliance
on forward-looking information.

Valencia Ventures (TSXV:VVI)
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