Mr. John Rak reports

VALENCIA ANNOUNCES CLOSING OF FINANCING

Valencia Ventures Inc. has closed a non-brokered private placement financing of 13,999,998 common shares of the company at a price per share of six cents for aggregate proceeds to the company of approximately $840,000. The shares are subject to a four-month-and-one-day hold period under applicable Canadian securities laws.

The proceeds of the financing will be used for working capital purposes and the repayment of debt in accordance with the policies of the NEX. The company has paid finders' fees in connection with the financing. Wolverton Securities Ltd. was issued 155,333 shares and PI Financial Corp. was issued 223,333 shares. Closing of the financing remains subject to receipt of final regulatory approval.

We seek Safe Harbor.