Got to trace down the leak first. Are only three places it could leak from. Two can be found with one test.
With the bolt closed, dab soapy water at the muzzle and around the end of the gas tube (where the gas block fits to the gas tube with two screws). If it bubbles from the muzzle, then the valve stem is bad. If it bubbles from the gas tube/paintball fitting joint, then those two o-rings need replacing (good news here is that the ones sold at k-mart for paintball tanks will work as replacements).
The 3rd place it could leak is from the o-ring around the middle of the valve, and that usually leaks backwards towards the trigger. Is a good bet that if the soapy water trick shows no leak at the muzzle or gas tube, then it's the valve's o-ring.
Unfortunately, when we work on these guns, have to be very careful to leave them super clean on the inisde...one bit of grit, a stray metal shaving, or some abrasive dust on the inside, and it's got a good chance of cutting the soft valve stem seal when it gets blown through the valve.