Valencia Appoints New Director

TORONTO, ONTARIO--(Marketwire - May 17, 2011) - Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") is pleased to announce Mr. Paul C. M. Roberts has been appointed as a Director effective May 17, 2011.

Mr. Roberts is a geological and civil engineer who spent the first decade of his career in resource definition and development for an international mining consulting firm. Thereafter, he headed the mining research team at Merrill Lynch Canada, working in corporate finance and institutional sales. He subsequently moved to Vice President, Corporate Development for a company engaged in mine development and operations. He has successfully run four publicly traded junior mining companies and has served on several boards for various companies. At present, he is President of Minvest Inc., a consulting organization providing technical and financial expertise to mining corporations, the investment fraternity and governments.

About Valencia Ventures

Valencia is a Canadian resource company traded under the symbol VVI on the TSX Venture Exchange.

Forward Looking Statements

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements regarding the appointment and the impact on the Company of these events. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters, future prices of mineral prices; and risks of the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.