VTM.H

CALGARY, May 3 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, May 3 /CNW/ - Valiant Minerals Ltd. ("Valiant") (NEX: VTM.H) is pleased to announce that it has granted options to certain directors effective today. The Company granted options to acquire an aggregate of 150,000 common shares of the Company at an exercise price of $0.12 per common share, pursuant to the Company's stock option plan. The options will expire on February 11, 2013. Stock option grants are subject to all necessary regulatory approvals, including the approval of the NEX. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/03/c9034.html p Mr. Roderick MacDonald, President and Chief Executive Officerbr/ Tel: (817) 771-1971br/ a href="mailto:rmacdonald@hughes.net"rmacdonald@hughes.net/abr/ /p

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