TORONTO, ON --(Marketwired - March 01, 2016) - At the request of IIROC, ValGold Resources Ltd. ("ValGold" or the "Company") (TSX VENTURE: VAL)(FRANKFURT: VR2) wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

ValGold is a mineral exploration and development company which holds a royalty on Oban Mining Corporation`s Garrison Project in the Golden Highway Camp near Timmins, Ontario, the Tower Mountain Project in northern Ontario, and exploration properties in Venezuela.


Kevin Snook
Chairman and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

Contact Information:

For further information, please contact:
Kevin Snook
Chairman and CEO
Tel: 844-230-6000