ValGold Announces Annual General & Special Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - ValGold Resources Ltd. (TSX VENTURE:VAL)(FRANKFURT:VR2) is pleased to provide the results of the Annual General and Special Meeting of the Shareholders held yesterday in Vancouver, B.C. Each of the resolutions, as listed in the Management Information Circular, was approved, including the adoption of the Company's Advance Notice Policy. In addition, management nominated and the shareholders elected a slate of five directors, comprised of: two incumbents Stephen Wilkinson and Rod Whyte; and three new directors Gerry Feldman, Allen Lone and Kevin Snook. Mr. Sargent Berner, Dr. Darryl Drummond, Charles Parsons and Mr. Kenneth Yurichuk, who were members of the previous board of directors, stepped down.

The Company thanks each of our alumni directors, Sarge, Darryl, Charles and Ken, for their years of service.

ABOUT VALGOLD

Incorporated in 1987, ValGold is listed on Tier 1 of the TSX Venture Exchange under the symbol VAL. ValGold is an international mineral exploration and development company based in Vancouver, B.C., Canada. The Company's objective is to generate wealth for its stakeholders by seeking out, acquiring and advancing properties with recognizable but under-explored mineral resources.

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking information". All statements in this release, other than statements of historical facts, that address the private placement or mineral exploration programs contain forward-looking information and are based on a number of assumptions, including, but not limited to, that there will not be substantial changes to market conditions, regulatory requirements or costs associated with mineral exploration. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include changes the price of the company's shares, the costs of labor, equipment and other costs associated with exploration, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

SEC 12g3-2(b): 82-3339