Victory Mountain Starts Phase one Exploration on Ells River Silica Property

April 9, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce that phase one Stratigraphic Compilation and Investigation is now underway.  The team at Apex Geoscience Ltd, lead by Michael Dufresne, is currently compiling the abundant oil and gas information for the Ells River Silica property and constructing a 3-D model of potential clean silica-rich sands for certain target areas into a volume estimate for the Pelican formation over the next couple of months.  The second phase of work, which will be field based, could commence as early as May  and will involve mapping, sampling and either drill testing or trenching in order to progress to a NI 43-101 compliant resource estimate late this year or early next year.

Apex Geoscience Ltd., based in Edmonton, has extensive experience in the Western Canadian sedimentary basin, including oil and gas, sand and gravel, crushed rock aggregate, and oil sands, and has a solid working knowledge of Alberta government regulatory policies, including exploration permitting, assessment reporting and continuing relationships.

CEO Patrick Morris commented: “We are pleased to have Michael and his team at Apex initiate the first phase of geological exploration on Ells River.  This first phase of work and expenditures confirms just how quickly and economically, relative to traditional mining exploration, we can complete a volume estimate of Pelican sand and approach our first milestone of a 43-101 compliant resource estimate on the property. Morris adds, “Horizontal drilling and hydraulic fracturing methods have revolutionized the process of extracting these natural resources, our goal is to be one of a small group of Canadian companies to produce a domestic supply of high quality frac sand”.

The content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Patrick Morris – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Patrick Morris”

Patrick Morris

CEO and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Appoints Morris to CEO

April 7, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce that Patrick Morris has been appointed CEO of Victory Mountain Ventures.

Mr. Morris 44, is President of Vimoris Ventures Inc., a company which provides management consulting, corporate finance and business development services to public and private Mining and Oil and Gas exploration companies.  Mr. Morris has served on the board and managed several exploration companies from incorporation to listing on the TSX Venture Exchange.  Mr. Morris has also enjoyed success in the field of marketing as a specialist in financial programming and advertising for public companies in the media.

Morris commented: “We will continue to position Victory Mountain as one of Canada’s first publicly traded developers of quality frac sand. The Shale gas industry in Western Canada is just getting started and we want our shareholders to benefit from this key ingredient in the energy services sector.  We will also continue our search for near term production assets and world class technical advisory board members. 90% of frac sand in Canada comes from thousands of kilometers away.  Our goal is to provide a more cost effective domestic supply of high quality sand to our local Oil and Gas Producers. ”

Charles Desjardins will remain as President and a director of the Company.  The Company further announces that pursuant to its stock option plan, it has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 300,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.08 per share.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Patrick Morris – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Patrick Morris”

Patrick Morris

CEO and Director

“Neither the 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.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Closes First Tranche of Private Placement and Plans Exploration

April 2, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) announces that it has closed the first tranche of the non-brokered private placement previously announced February 18th 2014.

A total of 2,850,000 units will be issued as non flow-through units at a price of $0.05 per unit for total proceeds of $142,500.  Each unit will consist of one common share and one half of one share purchase warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring August 2, 2014.  The proceeds of the private placement will be used for planning and preparation of an exploration program on the Company’s frac sand project and general working capital.

The following insiders participated in the private placement: Doug McFaul 200,000 units, Gordon Jang 300,000 units and Patrick Morris 300,000 units.

Finders Fee: Canaccord Genity Corp. – $1,000 cash and 20,000 Broker warrants and Haywood Securities Inc. – $4,000 cash and 80,000 Broker warrants.  Each Broker Warrant is convertible into non-flow through units of the Company at an exercise price of $0.05 until expiration on October 2, 2015.  Each unit comprises one share and one half of one share purchase warrant  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing.

The company would also like to announce that it has assembled an experienced geological team to conduct an initial two phase exploration program on its Silica / Frac Sand property in Alberta. Apex Geoscience Ltd, based in Edmonton Alberta, has extensive experience in the Western Canadian Sedimentary Basin (WCSB) including Oil and Gas, sand and gravel, crushed rock aggregate, oil sands and has a solid working knowledge of Alberta Government regulatory policies, including exploration permitting, assessment reporting and ongoing relationships.

Michael Dufresne, Consulting Geologist and President of Apex Geoscience commented: “The initial phase of exploration will revolve around compiling the abundant oil and gas information for the property and constructing a 3D model of potential clean silica-rich sands for certain target areas into a volume estimate for the Pelican Formation over the next couple of months. The second phase of work, which will be field based, could commence as early as May – June and will involve mapping, sampling and either drill testing or trenching in order to progress to a NI 43-101 compliant resource estimate late this year or early next year.”

Director Patrick Morris commented: “We are very pleased to have Michael and his team at Apex initiate the first two phases of geological exploration at Ells River. This first timeline of work and expenditures confirms just how quickly and economically, relative to traditional mining exploration, we can reach our first major milestone of a 43-101 compliant resource estimate at Ells River.”

The content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. 

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Acquires Alberta Frac Sand Property

March 14, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) announces that it has entered into an option agreement (the “Agreement”), subject to the approval of the TSX Venture Exchange, whereby it may earn a 100% interest in 8 Metallic and Industrial Minerals Permits totalling approximately 737 square kilometres (73,728 hectares; the “Property”), which is located west of Fort McKay, in the prolific Fort McMurray area of northeastern Alberta.  Frac sand is actively being sought out and mined in Alberta to meet growing demand, with particular interest in abundant silica sand associated with the Paddy and time equivalent Pelican formations in Northern Alberta. The Pelican Formation is known to crop out or underlie the Property as identified in preliminary work.

The property is served by a network of all-weather roads serving the oil and gas industry.  Approximately 95 km of all-weather roads link the property to Fort McMurray and an active rail line. Preliminary review of extensive oil and gas well drilling in the Property area has outlined Pelican sand thicknesses of up to 50 plus metres, which will be the focus of exploration.  The sand is near to and in some areas exposed at surface, which will facilitate affordable exploration costs and upcoming operational logistics.

Consulting Geologist Mike Dufresne commented, “Future evaluation of the frac sand potential of the Property is warranted given: the proximity of several Steam-Assisted Gravity Drainage operations in the Property area; the developing infrastructure associated with oil sands growth adjacent to and on the Property; and an increasing number of light oil and gas plays in Alberta and neighbouring provinces/territories.”

Director Patrick Morris commented, “The shale gas industry in Western Canada is in its infancy. We are very pleased to take the first step towards becoming one of the first TSX-V listed companies to become suppliers of frac sand in Canada. Currently 90 percent of frac sand used in the Canadian oil and gas industry (approximately 3.5 million tons per year) comes from the Midwestern United States. We believe there is a strong economic future in this sector, and therefore for our shareholders in producing a domestic supply in Canada.”

“Frac sand” is high-purity quartz silica sand with very durable round grains. It is a crush-resistant material produced for the petroleum industry. It is used in the hydraulic fracturing process known as “fracking” to aid in the flow of oil, natural gas and natural gas liquids. Frac sand is also referred to as a “Proppant“ because it props the fractures open to allow easier flow of oil and gas.

Pursuant to the terms of the Agreement, Victory will pay a cumulative amount of $40,000 cash, issue 2,500,000 common shares and incur a minimum of Exploration Expenditures of $350,000 over a two year period.  The Property will also be subject to a 1% gross overriding royalty.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with this acquisition.

 

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Frac Sand, Copper, Gold, Silver, Molybdenum and other base metals in Canada.

Technical information in this news release has been prepared and/or revised by Mike Dufresne, P.Geo., a qualified person as defined in NI 43-101.

 

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Ventures Announces Entry into Frac Sand Business

February 27, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) announces that it has developed a business plan that focuses on the acquisition, development and measurement of high-quality silica fracking sand used in the Oil and Gas Industry.  Frac sand is a crush resistant material used to increase the flow of oil and gas during hydraulic fracturing of wells.

Victory is currently performing due diligence on a number of potential acquisitions in the silica sand space.

Director Patrick Morris, commented, “Currently Canadian Oil and Gas companies use approximately 3.5 million tonnes of fracking sand per year, 90% of which is imported from the mid western United States. Our goal is to produce a local supply of high quality frac sand in Canada for Canadian Oil and Gas companies.”

The Company continues to proceed with the financing previously announced February 18th 2014.  Subject to the approval of the TSX Venture Exchange, the Company aims to issue up to 10,000,000 non flow-through units at a price of $0.05 per unit consisting of one common share and one half of one warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.

The proceeds of the private placement will be used to pursue opportunities to enhance shareholder value and for general working capital.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

 

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

 

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

 

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

 

Charles Desjardins

President and Director

 

“Neither the 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.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Ventures Announces Private Placement and Director

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February 18, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) announces that it has arranged a non-brokered private placement of up to 10,000,000 units for total proceeds of up to $500,000; subject to the approval of the TSX Venture Exchange.

Up to 10,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one half of one warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.

The proceeds of the private placement will be used to pursue opportunities to enhance shareholder value and for general working capital.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

The Company also announces that Mr. Patrick Morris will be joining the board of Directors.  Mr. Morris, 44, is President of Vimoris Ventures Inc., a company which provides management consulting, corporate finance and business development services to public and private companies.  Mr. Morris has served on the board and managed several exploration companies from incorporation to listing on the TSX Venture Exchange.  Mr. Morris has also enjoyed success in the field of marketing as a specialist in financial programming and advertising for public companies in the media.

The Company further announces that pursuant to its stock option plan, it has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 250,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.05per share.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

 

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Ventures Announces Private Placement

March 21, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) announces that it has arranged a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $250,000; subject to the approval of the TSX Venture Exchange.

Up to 5,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one whole warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.

The proceeds of the private placement will be used for general working capital.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

 

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Victory Mountain Ventures Cancels Private Placement

March 20, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) reports that it is canceling the non-brokered private placement of up to 10,500,000 units for total proceeds of up to $2,500,000 previously announced November 22, 2012.

The Company also reports that it will not be proceeding with the Option Agreement with Klondike Silver Corp, previously announced January 8, 2013, to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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Victory Mountain Ventures Executes Agreement to Option a portion of the Silver Slocan Mining Camp, British Columbia

January 8, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce that it has executed a formal Option Agreement ( the “Agreement”) with Klondike Silver Corp. (TSX-v symbol: KS) (“Klondike”) to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.

The primary exploration focus will be on the silver-lead-zinc expansion potential to the west of the Silvana Mine located centrally in the Silver Slocan Mining Camp. The map provided at this link (http://victorymv.com/prospective-horizon/) illustrates the exploration potential between Klondike’s Silvana Mine and the Mammoth Mine which is along strike to the west. The area labeled as the “Prospective Horizon” is where exploration will be focused as the existing underground mine structure will allow for underground drilling to explore the western extension potential.

The second land package offered in the Agreement are the Cody Creek claims located to the northeast and is believed to be along the same strike as the Silvana Mine. Cody Creek has excellent access and exploration potential containing several past producing mines.  (Please refer to the Assessment Report at the following link:

http://aris.empr.gov.bc.ca/ArisReports/31556.PDF)

With the advantage of modern exploration techniques in this historically productive mining camp, the parties are hoping to discover new deposits and develop past producing mines in the Slocan Mining Camp.

Option Agreement Terms:

For Victory to acquire a 50% right, title and interest on the Silvana West and Cody Creek claims, it must make an initial cash payment of $75,000 upon TSX Venture Exchange approval, issue 2,000,000 shares to Klondike and incur $3,750,000 dollars in exploration costs over a three year period broken down as follows;

Date/Anniversary Shares issued to Klondike Cash issued to Klondike Victory’s Total Project Interest
Exchange approval $75,000
Exchange Approval 500,000
Year 1 500,000
Year 2 500,000
Year 3 500,000 50%
Total 2,000,000 $75,000 50%

Incur a minimum in Expenditures for exploration and development work on the property of $3,750,000 as follows:

(i) $1,000,000 of Expenditures on or before the first anniversary Regulatory Approval of this Agreement was received;

(ii) a cumulative total of $2,250,000 of Expenditures on or before the second anniversary Regulatory Approval of this Agreement was received; and

(iii)     a cumulative total of $3,750,000 of Expenditures on or before the third anniversary Regulatory Approval of this Agreement was received.

Under the Agreement, Victory will also be entitled to a royalty payment equal to 50% of the net profit received from the sale of any newly discovered resources should exploration prove successful.  Any cash payments due to Victory will be credited toward the Expenditure requirements under the Agreement until the option has been satisfied.  All agreements will be subject to TSX Venture Exchange approval.

If Victory exercises the option, Klondike agrees that it will grant to Victory a further twenty-five percent (25%) interest in and to the property on terms and conditions to be agreed upon between the parties and subject to a further option agreement between the parties.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Investor Relations – info@victorymv.com

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

 

 

 

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Victory Mountain Ventures Enters Loan Agreement

November 27, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) reports that it has arranged a loan from arm’s length parties in the principal amount of $250,000 (the “Loan”) pursuant to promissory notes (the “Notes”) to be issued to the Lender as security for the Loan.

The Loan will bear interest at 1% per month on the principal amount and will be used for working capital of the Company until the closing of a financing can be completed to repay the Loan.

In consideration of the Loan, the Company has agreed to issue to the lenders 187,500 common shares of the Company as bonus shares (the “Bonus Shares”) to be received on or before the 10th day following the acceptance of the TSX Venture Exchange.  The Loan is also subject to a 7.5% finders fee.

The Loan, Notes and issuance of the Bonus Shares are subject to the acceptance of the TSX Venture Exchange.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.  For additional information please contact Charles Desjardins – Telephone: (604) 683 5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President and Director

“Neither the 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.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

 

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