Valencia Announces Financing

Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") is
pleased to announce a private placement of up to 10,000,000 common shares (the
"Shares") at a price of $0.05 per Share for gross proceeds of up to $500,000
(the "Offering"). The Shares issued pursuant to the Offering will be subject to
a four month hold period under applicable Canadian securities laws. Closing of
the Offering is expected to occur on or before May 7, 2012 and is subject to
receipt of all applicable regulatory approvals, including approval of the TSX
Venture Exchange. The Company does not expect to pay finder's fees in connection
with the Offering, in accordance with the policy of the TSX Venture Exchange.
The Company expects to use the proceeds for working capital purposes. 


Appointment of Chairman

Valencia also announces that Paul Roberts has been appointed as the independent
Chair of the Board of Directors of the Company. Mr. Roberts is a geological and
civil engineer who spent the first decade of his career in resource definition
and development for an international mining consulting firm. Thereafter, he
headed the mining research team at Merrill Lynch Canada, working in corporate
finance and institutional sales. He subsequently moved to Vice President,
Corporate Development for a company engaged in mine development and operations.
He has successfully run four publicly traded junior mining companies and has
served on several boards for various companies. At present, he is also President
of Minvest Inc., a consulting organization providing technical and financial
expertise to mining corporations, the investment community and governments. 


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 with respect to the completion
of the Offering on the terms as specified; receipt of regulatory approval for
the Offering, the proposed use of proceeds from the Offering, 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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