Mr. Quinn Ellerbeck reports

LACOMBE VENTURES PROVIDES EARLY WARNING DISCLOSURE ON DISPOSITION OF NORTH VALLEY RESOURCES LTD. COMMON SHARES

Lacombe Ventures Ltd., together with its joint actors, Kenneth Ellerbeck and Quinn Ellerbeck, has sold 1.25 million common shares of North Valley Resources Ltd. The shares were sold through a private transaction at 0.1 cent per common share for total consideration of $1,250.

Lacombe is a holding company incorporated under the laws of the Province of British Columbia. It is owned and controlled equally by Kenneth Ellerbeck, chief executive officer of North Valley, and Quinn Ellerbeck, chief financial officer of North Valley.

Prior to the transaction, Lacombe and its joint actors collectively held 5,475,000 common shares, representing approximately 29.96 per cent of the outstanding common shares on a partially diluted basis. The disposed shares represent approximately 6.84 per cent of the outstanding common shares on a partially diluted basis. Following the transaction, Lacombe and its joint actors hold 4,225,000 common shares, representing approximately 23.12 per cent of the outstanding common shares on a partially diluted basis.

The transaction was completed for investment purposes. Lacombe and its joint actors may, from time to time, acquire or dispose of additional securities of North Valley, depending on market and other conditions.

This news release is issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report containing additional information will be filed on SEDAR+. A copy of the early warning report may be obtained, following its filing, on North Valley's SEDAR+ profile or by contacting Quinn Ellerbeck, CFO of North Valley Resources, at quinn@lacombeventures.com. North Valley's head office is located at 255 Battle St. West, Kamloops, B.C., V2C 1G8.