Valencia Announces Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") is
pleased to announce a private placement of up to 5,555,555 Units (the "Units")
on a non-brokered basis at a purchase price of $0.09 per Unit for gross proceeds
of up to $500,000 (the "Offering"). Each Unit shall consist of one common share
(a "Common Share") in the capital of the Company and one common share purchase
warrant (a "Warrant"), with each Warrant exercisable for $0.20 for a period of
two years from the date of the issue. The Common Shares and the Common Shares
issuable upon the exercise of the Warrants will be subject to a four month and
one day hold period under applicable Canadian securities laws. Closing of the
Offering is expected to occur on or before October 31, 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. The Company expects to use the proceeds for working capital
purposes.  


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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