Valencia Announces Completion of Disposition of Cachinal

Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") announces
that it has completed the sale of the Cachinal silver property, located in Chile
(See Press Release dated September 16, 2011) to Apogee Silver Ltd. ("Apogee").
In accordance with the terms of the agreement entered into with Apogee, Apogee
has acquired all of the issued and outstanding common shares of Compania Minera
Valencia Ventures - Chile Limitada, Valencia's wholly-owned subsidiary that
holds an 80% interest in Cachinal and the Nueva Juncal silver properties. In
consideration, Apogee has paid Valencia $500,000 in cash ($325,170 of which had
already been paid) and has issued 3,000,000 common shares of Apogee to Valencia.


The Company also announces that it has granted a total of 650,000 stock options
to various directors, officers and a consultant of the Company. The options have
an exercise price of $0.12 and shall expire five years from the date of grant.
The options shall vest immediately, subject to the four month regulatory hold
period. The grant of options is subject to regulatory approval.


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

This press release contains "forward-looking information" within the meaning of
applicable securities legislation. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from those expressed or implied by
such forward-looking information, including but not limited to: general
business, economic, competitive, political and social uncertainties; the actual
results of current exploration activities; conclusions of economic evaluations;
changes in project parameters, future prices of mineral prices; and risks of the
mining industry. There can be no assurance that such information will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.

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