TORONTO, ONTARIO--(Marketwired - Aug. 28, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Valencia Ventures Inc. (TSX VENTURE:VVI.H) ("Valencia" or the "Company") announces the closing of a non-brokered private placement financing of 13,999,998 common shares of the Company (the "Shares") at a price per Share of $0.06 for aggregate proceeds to the Company of approximately $840,000 (the "Financing"). 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.

Forward - Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including expectations regarding the Financing and the use of proceeds. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION 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

Valencia Ventures Inc.
John Rak
President and CEO
jrak@forbesmanhattan.com