Valdez Gold updates status of Los Jarros and Jarros Norte properties

    TORONTO, Feb. 15 /CNW/ - Valdez Gold Inc. (VAZ-TSXV, the "Company" or
"Valdez") reports that the desk top review of all previous exploration
activities conducted by the Company was completed in January 2008. Field work
on Jarros Norte will begin again in March 2008. This work will include field
checking of stream sediment anomalies as well as geochemical gridding of
prospective areas. The Company is also commencing a field program at Los
Jarros, which will include stream sediment sampling and mapping, as well as
the re-establishment of the geochemical grid over the highly prospective area
on the Los Jarros property.
    Exploration field work is supervised by Alfonso Daco, P. Geo., President
of Minera Valdez, and over-seen by Michael Skead (MAusIMM), President of
Valdez Gold Inc., who has acted as the qualified person under NI43-101 and
reviewed the content of this press release.
    Further information on the company is available at its website at

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

For further information:

For further information: Valdez Gold Inc., Mark Goodman, CEO, Tel: (416)
482-9038, Fax: (416) 924-7997

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