Mr. Dorian Banks reports

VALDOR ANNOUNCES DEBT SETTLEMENT

Valdor Technology International Inc. has entered into a debt settlement agreement to settle outstanding debt owed to an arm's-length creditor totalling $105,000. Pursuant to the settlement agreement, the company has agreed to issue an aggregate of 2.1 million common shares in the capital of the company at a deemed price of five cents per common share. The common shares issued pursuant to the settlement agreement will be subject to a four-month-and-one-day hold period pursuant to National Instrument 45-106 (Prospectus Exemptions).

The board of directors of the company determined that it is in the best interests of the company to complete the debt settlement to preserve the company's cash for working capital.

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.

We seek Safe Harbor.