Teddy Bear Announces Decision to Dissolve

    TORONTO, April 27 /CNW/ - Teddy Bear Valley Mines, Limited (the
"Company") today announced that its board of directors has decided, after
reviewing all options available to the Company, to recommend the winding-up
and dissolution of the Company. Accordingly, the Corporation has called a
special meeting of its shareholders to be held on Friday, May 25, 2007, to
consider and, if thought fit, approve a special resolution authorizing the
winding-up and dissolution of the Corporation. The Company will shortly mail
to its shareholders a management information circular containing information
in respect to this proposed action.

For further information:

For further information: Frank van de Water, President, Teddy Bear
Valley Mines, Limited, (416) 869-0772, fvandewater@on.aibn.com

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