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Company Description

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65 Queen Street West

Suite 815

Toronto, ON M5H 2M5




Valencia Ventures Inc., a development stage company, engages in the exploration and development of precious metal properties in Chile. During 2008, the company limited its exploration activities to its Chilean silver projects, particularly resource definition and expansion at the Cachinal Project and underground evaluation of the Juncal Silver Mine. Exploration Activities Cachinal Silver-Gold Project – Chile: Cachinal Silver-Gold Project is located in region II, northern Chile, 200 km southeast of the port city of Antofagasta. The company has assembled a land position which comprises an area of approximately 17,500 hectares. Nuevo Juncal Silver Project – Chile: The company, in 2007, had entered into an agreement with Silver Standard Resources Inc to acquire an 80% interest in the Nuevo Juncal Silver property. Canada Rancheria Silver Project: The company, in 2006, acquired an option to earn up to a 100% working interest in seven mineral properties comprising the Rancheria Silver Project. The Rancheria Silver Project is located approximately 300 km southeast of Whitehorse in a 130 km long by 50 km wide belt that straddles the Yukon and British Columbia border. Australia: The company, in June 2008, finalized an agreement with Valere Mining Limited (Valere) to transfer its interest in the Mt. Bundy Property to Valere in consideration for 50% of the issued and outstanding common shares of Valere and a 50% Net Smelter Royalty (NSR). History Valencia Ventures Inc. was founded in 1987.


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