ValGold Resources Ltd. (TSX Venture: VAL) (the "Company") has granted a total of 2,040,000 incentive stock options to directors, officers, and consultants of the Company, exercisable over a five-year period expiring May 11, 2015, at a price of $0.20 per share, being approximately 30% greater than the closing price of the Company's shares on the TSX Venture Exchange on the effective date of May 10, 2010. The stock options were issued in accordance with the Company's stock option plan approved by the Company's shareholders on February 3rd 2010.

The Company also reports that it has reset the price the existing 693,000 consolidated incentive stock options in accordance with a resolution passed at the abovementioned Company's shareholder meeting. The exercise price for these options is set at $0.19, being the five-day trading average of the Company's shares commencing on March 1st 2010, the date of the consolidation
ValGold Resources Ltd. is listed on the TSX Venture Exchange under the trading symbol: VAL. For further information on the Company and its portfolio of international projects, visit our website at www.valgold.com.