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ValGold Intersects 13.67 g/tonne Gold Over 3 Meters to Confirm Deep Continuity of Los Patos Discovery Near El Callao 10/9/2007 VANCOUVER, BRITISH COLUMBIA, Oct 9, 2007 (Marketwire via COMTEX News Network) -- ValGold Resources Ltd. ("ValGold") (TSX VENTURE:VAL) is pleased to announce that all of the assays for the first stage drill program on the Increible 3 Concession have now been received. The Increible 3 Concession is located in the El Callao Mining District, Bolivar State, Venezuela. This initial round of diamond drill holes was completed at the end of July and consisted of 35 holes for a total accumulated length of core of 9,318 meters ("m"). Twenty eight of the holes targeted the main Los Patos gold zones and the remaining seven tested three satellite gold zones within the concession. With all of the assays now in-hand, ValGold is pleased to report that the Los Patos gold zones; - have shown continuity over a plunge length of approximately 280m, over a vertical depth of at least 225m - have a defined strike length of about 160m, - remain open in all directions, and - require further drilling to define their limits. With the receipt of these assays, ValGold has compiled the results for all of the remaining five holes, LI07-31 to -35 received since our September 6, 2007 news release on the Increible 3 drilling. Each of the five holes intersected well mineralized gold zones. Furthermore, the main Los Patos gold zone continues to consist of wide mineralized intersections that in LI07-31 returned an excellent interval assaying 1.01 g/tonne gold over 17.0m (0.03 oz/t gold over 55.8 ft), including a 1.0m interval grading 6.82 g/tonne (3.28 ft grading 0.20 oz/t) gold. Drill hole LI07-35, one of the deepest holes to date had a high-grade intersection in the Los Patos main zone that returned 13.67 g/tonne (0.40 oz/t) of gold over a core length of 3.0m (9.84 ft). The true width of most of the Los Patos drill intersections is believed to be very close to the 95% core length so that for LI07-35 the gold zone is estimated to be approximately 2.85m (9.35 ft) wide.