TSX : GVY-V

April 20, 2004

News Release

WORK UNDERWAY ON THE WOOD GROUP PROPERTY

An Induced Polarization and resistivity survey is presently being carried out on the Monarch zone, within the Wood Group. The purpose of the additional I.P. and resistivity survey work is to expand the survey area, since anomalies from the previous surveys are open to the north.

To date 4.8 km. of surveying has been carried out.

The following paragraph is taken from the geophysist’s progress report:

“A preliminary look at the results has shown that the work to date has resulted in at least two or three diamond drill targets. The I.P. surveying has revealed anomalous areas that correlate with M.M.I. soil sampling anomalous highs in gold and copper. The work will continue in defining these anomalies. About another six kilometres of IP/resistivity surveying is to be carried out and is expected to be finished by April 23^rd”.

As soon as the survey is completed, the Company plans to test these anomalies with diamond drilling.

The Wood Property is owned and operated in a 50/50 joint venture with Lakewood Mining Co. Ltd. (LKW-V)

ADDITIONS TO THE WOOD GROUP LAND HOLDINGS

The Company has recently increased the size of the Wood Property in the Kamloops, Mining Division by acquiring three adjoining claim groups that have positive indications, as reported on fieldwork in old Assessment Reports. The board of directors made the decision to acquire these claims based on the increase in the price of base and precious metals. With the addition of the three claim groups (Dorado, Vic, Paragon), the Wood Group now consists 206 units, 51.5 sq. km. (20 sq. miles) (12,725 acres). The property is located in the Afton Mine area near Kamloops, B.C.

The property location map can be viewed at www.lakewoodmining.com

Green Valley Mine Incorporated

Per:

“Charles Boitard”

Charles Boitard,

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.