Phase Three Drill Program Commences At Cordero Silver-Gold Project  

VANCOUVER, BC - Valley High Ventures Ltd. reported the commencement of a phase three drill program at the Cordero silver, gold, zinc and lead project located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. The phase three program is budgeted at $14,000,000 and will include approximately 59,000 metres of core drilling, initial metallurgical / engineering studies and continued surface exploration. The property comprises wholly-owned claims and consolidated land agreements that total approximately 20,000 hectares and is being explored in a Joint Venture with Levon Resources Ltd. (51% and operator). Valley High is a 49% contributing partner to the project.

A 59,000 metres drill program is expected to begin in October; initially with two drill rigs that are currently on site and then expanding with additional rigs in the coming months. Drilling will be divided into three components; 1) continued definition and step-out drilling of the discoveries at the Pozo De Plata and Porphyry Zones, 2) initial step-out drilling from intersections encountered in phase one and phase two drilling, particularly at the Josefina zone and Dos Mil Diez zones, and 3) drill testing of targets outlined by phase one and phase two exploration surveys that included soil geochemistry, geophysics and geological mapping.

The Pozo De Plata Zone was first drilled in October 2009 with 3 out of 4 holes, returning important values in silver, gold, zinc and lead including exceptional values in discovery hole C09-5. Phase 2 drilling commenced in January, 2010 and focused on 50 metre grid drilling surrounding hole C09-5 and some larger step-outs to the southwest towards holes C09-1 and C09-2. Drilling to date has outlined an area of mineralization, some 465 metres long by 200 metres wide and with mineralized diatreme-hosted intervals at depths up to 300 metres. The zone may connect with holes C09-1 and C09-2 farther south for an additional 290 metres of potential strike length. Pozo De Plata is a tabular mineralized diatreme breccia with mineralized rhyolite and dacite dike swarms. Sulfide minerals, sphalerite, galena and possible silver sulphosalts occur as diatreme clasts, disseminated grains and massive accumulations in the diatreme breccia matrix and veins of massive sulfide and high grade replacement mineralization after large limestone clasts within the diatreme.

The Porphyry Zone, located on the east side of the Cordero Dome approximately 1,300 metres northeast of the Pozo De Plata zone comprises a series of nested, altered and mineralized igneous intrusive bodies (stocks) within the eastern contact zone of the Cordero Felsic Dome Complex. It has been tested by 8 holes over a distance of 1200 metres with encouraging results being previously reported from several holes including hole C010-41.

The company's address is Suite 1280, 625 Howe Street, Vancouver, BC V6C 2T6, 604-682-5546, fax: 604-682-5542 .