VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Oct. 16, 2009) - Fortune
Valley Resources Inc. (the "Company") (TSX VENTURE:FVX) announces
that the TSX Venture Exchange has accepted for filing the documents relating to
the $250,000 convertible
debenture that the Company announced on October 5th it was issuing
to Uruguay Mineral Exploration Inc. and that the financing has closed. The
debenture is subject to a hold period that expires on February 6, 2010.
Fortune Valley
Resources Inc. is a mining company focused on creating shareholder wealth
through the development of high quality gold assets in Chile and Argentina.
The Board of
Directors
Fortune Valley
Resources Inc.
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.