Tri-Valley Rapidly Accelerating Projects Development

Tri-Valley Corporation (AMEX: TIV) announced that nothing adverse to the Company's operations has occurred to justify the drop in its stock price during the past few days and, in fact, its oil production trend is strongly up as reported in its Annual Shareholder Meeting last Saturday.

Yesterday's downturn occurred with a large block of stock being sold just before the closing bell, distorting the total trading volume of the day which amounted to less than one percent of the outstanding shares.

Historically, Tri-Valley shares recover strongly from these kinds of market induced pressures even though the dip in share price can force sales from margin accounts and stop loss orders at the time. We are devoted to generating new wealth from new oil and gas production and are working with properties of exceptional potentials in that regard, said F. Lynn Blystone, president and chief executive officer.

“Visitors to our properties see very professionally operated projects that are building production, revenue, reportable reserves and share value even in the midst of the current economic distress and, in my opinion, temporarily softening oil price, Blystone said.

“While we understand that some shareholders may be forced to sell for personal liquidity reasons at any time, our improving production capacity is paving the way to prosperity for the Company, its stockholders, drilling partners and royalty owners. Except for occasional stock donations to favorite charities, I, myself, have never sold a share since first acquiring Tri-Valley shares in 1969 and I continue to steadily exercise my options for myself and family, Blystone said.

Blystone noted that Equities Magazine has elected to showcase Tri-Valley at its third annual Equities NASDAQ Market Site Conference in New York City this Friday where he will present the Tri-Valley story. Further, Blystone will be interviewed on Steve Crowley’s nationally syndicated American Scene radio and television money shows. On the same day, the president of the operating subsidiary, Robert Bell, will report to a large existing group of investors in Hawaii.

“This is part of our ongoing media and meetings campaign to acquaint the investing public with the accelerated development of Tri-Valley and its projects now underway, Blystone said. “We will also be featured in the Fox Network News, where Louis Navelier, one of the greatest documented stock pickers in America, is now grading Tri-Valley as a 'B', while many of his Dow stocks are rated lower and where he now has rated TIV as 'A' in his Sales Growth Rating category, Blystone commented.

Tri-Valley has been in business as a successful operating company since 1963, and has been a full reporting 12 (g) publicly traded Delaware Corporation since 1972. Tri-Valley Corporation stock is publicly traded on the American Stock Exchange under the symbol "TIV." Our company website, which includes all SEC filings, is www.tri-valleycorp.com.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements which includes such words and phrases as exploratory, wildcat, prospect, speculates, unproved, prospective, very large, expect, potential, etc. Among the factors that could cause actual results, events and performance to differ materially are risks and uncertainties discussed in the company's quarterly report on Form 10-Q for the quarter ended June 30, 2008, and the annual report on Form 10-K for the year ended December 31, 2007.

Tri-Valley Corporation
Egan Gost, Director of Public and Investor Relations
800-579-9314