TMXgroup

December 21, 2011

VALHALLA RESOURCES LTD. ("VH")
BULLETIN TYPE: New Listing-IPO-Shares; Halt
BULLETIN DATE: December 21, 2011
TSX Venture Tier 2 Company

The Company's Initial Public Offering ('IPO') Prospectus dated November 21, 2011, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan and Ontario Securities Commissions on November 22, 2011, pursuant to the provisions of the applicable Securities Acts.

The gross proceeds received by the Company for the Offering are expected to be between $3,750,000 and $5,000,000 (10,714,286 to 14,285,714 common shares at $0.35 per share). The Company is classified as a 'Mineral Exploration' company.

Commence Date: At the opening December 22, 2011, the Common shares will be listed and immediately halted on TSX Venture Exchange.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited common shares with no par value of which Between 42,719,839 and 46,291,267 common shares are issued and outstanding Escrowed Shares: 9,998,647 common shares

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: VH
CUSIP Number: 919151100
Sponsoring Member: N/A

Agent(s)/Underwriter(s): Canaccord Genuity Corp.

Agent's/Underwriter's Warrants: Between 750,000 and 1,000,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.35 per share for two years.

For further information, please refer to the Company's Prospectus dated November 21, 2011.

Company Contact: Aaron Keay
Company Address: Suite 1500 - 409 Granville Street
Vancouver, BC V6C 1T2
Company Phone Number: (604) 484-7855
Company Fax Number: (604) 484-7155
Company Email Address: info@valhallaresources.com