VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb 22, 2013) - Valhalla Resources Ltd. (TSX VENTURE:VH) is pleased to report that at its recently held Annual General Meeting all motions were passed successfully. As a result the newly constituted Board of Directors comprises Mr. Michael Williams (chairman), Mr. Adrian Fleming (independent), Mr. Roderick Kirkham (independent), Mr. Stacy Quinney, Mr. Firat Gulgen and Mr. Ata Ferhatoglu. Messrs. Fleming, Ferhatoglu and Kirkham will serve as the audit committee.
At the initial meeting of the newly constituted Board it was determined that, for the foreseeable future, all management decisions would be taken by the Board and consequently, the only officer positions that will be maintained are those of Chief Financial Officer and Corporate Secretary.
About Valhalla Resources Ltd.:
Valhalla Resources is a Canadian mineral exploration company focusing on the discovery and development of base and precious metal opportunities globally. Currently, Valhalla''s principal assets are the Sarp Properties in Northwestern Turkey.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, Chairman of the Board
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, the fact that completion of the Private Placement is subject to a number of customary closing conditions, including receipt of the approval of Valhalla''s shareholders and approval of the Exchange, economic performance, future plans and objectives of the Company and the other factors discussed under the heading "Risk Factors" in the Company''s Management''s Discussion and Analysis for the year ended November 30, 2011 and in other continuous disclosure filings made by the Company with Canadian securities regulatory authorities and available at www.sedar.com. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Valhalla believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframe or at all. Valhalla disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.