Valdez Gold Inc. Announces Granting of Stock Options and Appointment of New Director

    TORONTO, Dec. 14 /CNW/ - Valdez Gold Inc. (VAZ - TSX-V) (the "Company")
announces that it has granted 4,425,000 stock options to directors, officers,
and consultants of the Company to purchase common shares of the Company at an
exercise price of $0.28 per share expiring December 13, 2012.
    Valdez Gold Inc. is also pleased to announce that, effective immediately,
Michael Skead, President of the Company, has agreed to join the Company's
board of directors.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00001127E

For further information:

For further information: Mark Goodman, CEO, Telephone: (416) 482-9038

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