Mr. Amar Purewal reports

VALDOR ANNOUNCES CEO TRANSITION AND STOCK OPTION GRANT

Dorian Banks has stepped down as chief executive officer and as a director of Valdor Technology International Inc., effective immediately. The board thanks Mr. Banks for his contributions to the company and wishes him well in his future endeavours.

The company has commenced a formal search for a suitable candidate to assume the role of chief executive officer and will provide further updates as the process advances.

The company also announces it has granted an aggregate of 200,000 stock options to certain directors and officers of the company. Each option is exercisable into one common share of the company at a price of 3.5 cents for a period of two years from the date of grant. The options are subject to the standard four-month-and-one-day hold period.

About Valdor Technology International Inc.

Valdor has an operating subsidiary company, Valdor Fiber Optics Inc., headquartered near San Francisco, Calif., which assembles optical fibre components and specializes in the design, manufacture and sale of passive fibre optic equipment.

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