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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/29/10 -- Valley High Ventures Ltd. ("Valley High") (TSX VENTURE: VHV) is pleased to announce the appointment of Mr Geoff Chater to the position of President and Director of the Company. Mr Chater will assume the positions effective September 1, 2010.
Mr Chater holds a B.Sc. in geology from Texas Christian University and has over 21 years of experience in the mining industry and is a principal of Namron Advisors, a corporate communications company. From 1999-2008, Mr Chater held the position of Manager of Corporate Relations for copper producer First Quantum Minerals Ltd. During his career, Mr Chater has held similar positions with Greystar Resources Ltd., Nevada Pacific Gold Ltd., Eldorado Gold Corporation, Fairbanks Gold Corporation and Ivanhoe Capital Corporation.
Rob Cameron commented "Geoff is a welcome addition to the management team at Valley High. He brings a wealth of capital markets and corporate development experience to the Company. His many years of experience as a liaison with the investment community will improve our efforts to effectively communicate with our stakeholders. I am excited to work with Geoff to grow Valley High and expand our current portfolio of projects."
Ms Kathrine MacDonald has stepped down from the position of Vice President Corporate Development. Ms MacDonald is a founder of Valley High and will continue to support the efforts of the management team as a member of the Board of Directors.
The Company also wishes to announce that it has granted incentive stock options for the purchase of up to 330,000 common shares at a price of 0.34 per share.
About Valley High Ventures Ltd.:
Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Cordero project in Mexico (49% interest) is being evaluated for large bulk mineable silver, gold, zinc and lead deposits. The Mount Polley project is located in British Columbia adjacent to Imperial Metals Corporations ("Imperial") Mt. Polley copper-gold mine and includes a production royalty on the Boundary Property, with Imperial. In the Yukon, Valley High has an option to acquire a 100% interest in the Flume gold property which is located within the newly recognized White Gold District. Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley Highs interest in the Flume property. Coro Mining Corp. holds a 20.5% interest in Valley High.
VALLEY HIGH VENTURES LTD.
Robert Cameron, President and CEO
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Valley High Ventures Ltd.
Robert Cameron
(604) 682 5546
www.valleyhighventures.com
Renmark Financial Communications Inc.
Barry Mire
(514) 939-3989 or (416) 644-2020
bmirerenmarkfinancial.com
Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989 or (416) 644-2020
bkomorowskirenmarkfinancial.com
www.renmarkfinancial.com
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