VALIANT MINERALS LTD. ANNOUNCES PRIVATE PLACEMENT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Jan. 11 /CNW/ - Valiant Minerals Ltd. ("Valiant") (TSXV/NEX: VTM.H) is pleased to announce a non-brokered private placement of up to 500,000 common shares in the capital of the Corporation ("Common Shares") at a price of $0.05 per Common Share for gross proceeds of $25,000. Directors, officers and other insiders may participate for up to 100% of this private placement.

The proceeds from the private placement will be used for general working capital requirements. Closing of the private placement is expected to occur by January 19, 2011, subject to the satisfaction of standard conditions, including the receipt of all necessary regulatory and Exchange approvals. The Common Shares issued pursuant to this private placement will be subject to a four-month hold period and any Common Shares issued to insiders will be subject to the applicable escrow provisions of the Exchange.

The securities will not be registered with the U.S. Securities and Exchange Commission and may not be offered or sold within the United States without registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933 and any applicable state securities laws.

Forward-looking Statements

This press release contains forward-looking statements. Any statements that are contained in this press release that are not statements of historical fact may be considered forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking statements in this press release include, but are not limited to statements concerning the anticipated private placement and the anticipated use of the net proceeds therefrom, and management's assessment of future plans and operations, expectations of future production, cash flow and earnings.

Although Valiant believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Valiant can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These forward-looking statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to the failure to obtain necessary regulatory approvals. There is also risk that the closing of the private placement could be delayed if Valiant is not able to obtain the necessary regulatory, stock exchange and any applicable shareholder approvals on the timelines it has planned. The private placement will not be completed at all if these approvals are not obtained or any other conditions to the closings are not satisfied. The intended use of the net proceeds of the offering by Valiant might change if the board of directors of Valiant, determines that it would be in the best interests of Valiant to deploy the proceeds for some other purpose. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Valiant's operations and/or financial results are included in Valiant's reports on file with Canadian securities regulatory authorities.

Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date hereof and Valiant undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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.

SOURCE Valiant Minerals Ltd.

For further information:

Mr. Roderick MacDonald, President and Chief Operating Officer
Tel: (817) 771-1971
rmacdonald@hughes.net

Profil de l'entreprise

Valiant Minerals Ltd.

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