Valdez Gold completes first stage exploration at Jarros Norte



    TORONTO, April 19 /CNW/ - Valdez Gold Inc. ("Valdez" or the "Company")
(TSX-V - VAZ) is pleased to announce that first stage exploration on its
Jarros Norte claim in the Sierra Madre region of Chihuahua State, Mexico has
been completed. A total of 426 stream sediment samples were collected along
approximately 42.6 kilometres of streambeds. The preliminary results of the
geochem survey of these samples point towards five potential targets with
varying degrees of gold anomalism, including an anomalous area in the
northwest corner of Jarros Norte, adjacent to Agnico-Eagles' Pinos Altos
property.
    The Company is continuing to review, plot and analyze the data collected
thus far. The Company has also initiated a second stage exploration program to
collect more information regarding these five anomalies using closer soil and
rock sampling intervals. Traverses are to be conducted at 150 metre spacing
with a sample interval of 50 metres. Detailed geological mapping will occur on
these specific areas. This detailed mapping and sampling should provide a
number of drill targets, and the Company hopes to have a drill program in
place in the third or fourth quarter of 2007. In addition, the Company will
continue with the first pass stream sediment sampling program in the northern
areas that were not previously sampled due to snow cover. The northern area is
considered very prospective and is likely to increase the aerial extent of the
northwest anomaly.
    Once the Company has completed its review of the data collected thus far,
it will provide a more detailed report in a future press release.
    The Jarros Norte claim totals approximately 50,000 hectares and almost
completely surrounds the Pinos Altos gold property acquired by Agnico-Eagle
Mines Limited. The claim also adjoins Gammon Lake's Ocampo gold-silver
property. No known exploration has been carried out on these concessions.
    Exploration is led by Alfonso Daco, President of Minera Valdez, and
supervised by Colin Jones, Vice-President of Project Evaluation for Dundee
Resources Limited.
    Information on the Company is available on the Company's website:
www.valdezgold.ca.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00001127E




For further information:

For further information: Mark E. Goodman, President and CEO, Valdez Gold
Inc., (416) 482-9038

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VALDEZ GOLD INC.

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