Mr. Chris Donaldson reports

VALKEA ANNOUNCES PRIVATE PLACEMENT OF UP TO $3 MILLION

Valkea Resources Corp. has arranged a non-brokered private placement for aggregate gross proceeds of up to $3-million.

The private placement will consist of up to six million units of the company at a price of 50 cents per unit for gross proceeds of up to $3-million. Each unit will comprise one common share of the company and one-half of one common share purchase warrant of the company.

Each warrant will entitle the holder to purchase one common share of the company at an exercise price of 65 cents for a period of 24 months following the closing date of the private placement. If, following the closing date of the private placement, the closing price of the shares on the TSX Venture Exchange equals or exceeds 90 cents per share for a period of 10 consecutive trading days during the exercise period, the company may accelerate the expiry date of the warrants to the date which is 30 trading days from the date notice is given by the company, by way of dissemination of a news release, to the holders of the warrants.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the securities sold under the private placement will be offered in all provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Subject to the rules and policies of the TSX Venture Exchange, the securities issuable from the sale of units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws.

There is an offering document related to the private placement that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The private placement may be closed in one or more tranches. Closing of the private placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX-V.

At closing, the company may pay a cash finder's fee equal to 6 per cent of gross proceeds introduced by eligible finders. Also, the company may grant to eligible finders, finders' warrants equal to 6 per cent of the number of units introduced by the finder on the same terms and conditions as the warrants comprising the units.

Proceeds from the private placement will be used for exploration and working capital purposes.

About Valkea Resources Corp.

Valkea Resources is at the forefront of gold exploration in Finland's highly prospective Central Lapland greenstone belt (CLGB). With an extensive portfolio of high-potential projects, including the flagship Paana project, Valkea Resources is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts.

We seek Safe Harbor.