Victory Mountain Appoints Former Lafarge Canada Inc. Manager to its Advisory Board

May 20th, 2014: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce an addition to its advisory board with the appointment of Richard Munroe. 

Richard Munroe, FGAC, P.Geo.is a registered Professional Geologist and a Fellow of the Geological Association of Canada with over 36 years experience in mining and industrial minerals.

Mr. Munroe has been involved in many aspects of industrial mineral development since 1977. As a long standing industry consultant and former Western Regional Manager for Lafarge Canada Inc., a large international construction material and cement manufacturing company, he was involved in the exploration and development and permitting of numerous sand/gravel and rock quarry operations.

Mr. Munroe acted as a consultant to Dome Petroleum Limited and Amoco Canada Resources Ltd., on title status and industrial mineral resource potential of over 10,000 square miles of private mineral holdings in Western Canada. He also acted as a liaison and advisor for the pit and quarry industry in the development of Manitoba’s Provincial Land Use Policies and the new Pit and Quarry Regulations.

Mr Munroe independently developed a marketing plan to transport concrete aggregate throughout Western Canada and the United States by rail. The plan included truck and water shipments of high-purity silica reserves from several locations in Manitoba and Ontario. He also spearheaded exploration and development plans for shipping high grade construction aggregates to remote Canadian Arctic communities by rail, barge and ship.

He also assisted in marketing, developing and strengthening the acceptance of lightweight aggregate in the concrete and geotechnical industries. This also included silica products from several locations in Western Canada for industrial and varied construction purposes.

Advisory Board Member L.J. Guillotte commented, “With Richards experience in Pit and Quarry Regulations as well as logistics in Canada and the US, Richard will surely be an asset to our team. I look forward to working with Richard in bridging the gap to ensure Victory Mountain reaches its targeted markets successfully.”

CEO, Patrick Morris also commented, “We are very pleased to have Mr. Munroe join L.J. Guillotte on our Advisory Board. Richard’s mining expertise in Canada coupled with his in-depth knowledge of the distribution channels and associated transport costs within Canada and the US will be invaluable. His knowledge in these critical areas will help shape our business model and contribute to future sales and distribution of our frac sand and silica based products.”

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company’s near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada. Approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States. Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in 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.

Posted in News Releases | Comments Off

Victory Mountain Appoints Former Chesapeake Subsidiary President L.J. Guillotte JR to its Advisory Board

May 07, 2014 – Victory Mountain Ventures Ltd. (“Victory”) is pleased to announce the commencement of its advisory board with the appointment of L.J. Guillotte.

Joining the Advisory Board is Mr. Lester J (L.J.) Guillotte, JR. Mr. Guillotte is a well recognized Independent Oil and Gas Consultant in Houston Texas having recently served as President of Great Plains Oil Field a Subsidiary of Chesapeake Oilfield. Mr.Guillotte was responsible for overseeing water transfer and initiating the design of engineering processes for new product requirements related to the fracking process. Prior to that Mr. Guillotte was President and CEO of vMonitor, Inc., a Shell Technology Venture 1, majority owned company in Houston TX. Currently, Mr. Guillotte is the President of Moore Rod & Pipe, LLC which builds the necessary infrastructure to manufacture surface equipment and down hole tools that improve the overall run life of a well, historically challenged by advanced drilling technology used in Shale Oil and Gas. Some of LJ’s awards and achievements include, being recognized in The Houston Business Journal addition August 4, 2009 for the sale of vMonitor in a down market in the O&G sector, he was awarded the Chevron Texaco 2004 award for outstanding, efficient and cost effective work with PC Pump Systems for the Campo Boscan Project, and lastly for being recognized for outstanding service by Phillips Alaska in 2001 for the Alpine Project.

L.J. Guillotte commented, “Timing could not be better for Victory Mountain to invest in the mining of Frac Sand in Canada. The US shale oil and gas has grown more than 50% since 2007 with over 50% of its production exported to Canada. Canadian gas production alone is expected to double by the year 2035. With Hydraulic Fracturing technology continuing to drive shale oil and gas completions, so will the demand for high quality frac sand increase. By networking among some of the industry producers and users of Frac Sand here in the US, we endeavor to learn from their successes and failures transferring that knowledge to VM’s esteem group of managers and engineers. This will prove to be invaluable to VM shareholders as well as its customers! I look forward to contributing my technical know-how to VM’s initiatives and contribute to raising funds to build a world class mining facility, delivering the highest quality Frac Sand to the Canadian market successfully!”

“We are extremely pleased to welcome Mr. Guillotte to our team,” declared Patrick Morris, CEO and Director. “We believe the addition of an individual such as L.J., with his experience and connections within the oil and gas industry, particularly in the logistic side of products and technology related to frac sand transport and production, is a tremendous vote of confidence and will greatly assist us in financing and developing our projects in the near term.”

Victory Mountain Ventures Ltd. is a Junior Exploration Company based in Western Canada. The Company’s near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada. Currently, approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States. Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

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.

        
        Contacts:
        Victory Mountain Ventures Ltd.
        Patrick Morris
        CEO and Director
        604-683-5445
        info@victorymv.com
        www.victorymv.com
Posted in News Releases | Comments Off

Victory Completes Phase One Summary Report and Confirms Frac Sand Potential at its Ells River Property, Northeastern Alberta

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 6, 2014) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) (“Victory”) is pleased to announce the completion of the phase one summary report on the Ells River Frac Sand Property, North Eastern Alberta. The office-based stratigraphic compilation and three-dimensional modelling study confirmed that large volumes of near-surface Pelican Formation clean sandstone are present at the Ells River Property, and provides a positive and informative basis to initiate phase two field studies and proppant test work.

Victory Mountain Ventures Ltd.’s Ells River Property, which is located in northeastern Alberta approximately 50 km west of the hamlet of Fort McKay and 75 km northwest of the city of Fort McMurray, comprises eight contiguous Alberta Metallic and Industrial Mineral Permits totaling 73,728 hectares (737square kilometres). Victory recently engaged APEX Geoscience Ltd. (APEX) of Edmonton, Alberta to provide a compilation and summary report for the Ells River Property focused on the potential for the Property to host a “Frac Sand” deposit. The current program at the Ells River Property represents grassroots exploration focused on frac sand, or proppant, which is used to harvest vast amounts of formerly inaccessible hydrocarbons in a number of geological settings across Western Canada through a hydraulic fracking process that liberates tight gas and petroleum. The most common proppant used to prop open the hydraulic fracture is a specific type of clean, pure silica sand that is durable, rounded and has crush-resistant properties. APEX has extensive experience in three dimensional resource modelling of metallic and industrial mineral deposits and in the geology and hydrocarbon deposits of Northeast Alberta.

The focus of Victory’s exploration is the Lower Cretaceous (Upper Albian) Pelican Formation which consists of a coarsening upward succession of fine- to medium-grained, quartzose sandstone with siltstone, noncalcareous mudstone, pebbly sandstone and conglomerate interbeds. The Pelican Formation is generally poorly cemented and friable, and is composed of well-sorted, subrounded quartz sandstone typical of deposition in a shoreline environment. At its type locality (Township 97, Range 17, West of the 4th Meridian), the formation is described as a “conspicuous white sandstone about 12 m thick and a potential source of silica sand” (McLaws, 1980).

A preliminary review of well cutting samples from wells within the Ells River Property, which are archived at the Alberta Energy Regulator Core Research Centre in Calgary, Alberta, has provided confirmation that the Pelican Formation contains some silica-rich sand horizons that are considered prospective for “Frac Sand”. These sand horizons were observed to contain greater than 90% quartz, with significant portions of the sands meeting the desired US sieve size of 20 – 40 mesh, with sand grains greater than 0.42 mm and up to 1.68 mm. The sand grains also contain a significant proportion of the 20 – 40 fraction that meets the required sphericity and roundness desired for “Frac Sand”. Because of the size of the cutting samples available for review, no acid solubility or crush-resistance tests were performed. In addition, some of the sand horizons were observed to be on the order of 65% to 90% quartz with the other sand grains comprised of lithic (e.g., shale) fragments or oxide minerals. These sand horizons may or may not be suitable for use as “Frac Sand”.

The Ells River Property has seen extensive drilling over the last decade for buried oil sands deposits. A total of 365 wells have been drilled to date on the Property, with the vast majority of them with downhole geophysical logs. A subset of 157 wells was selected for stratigraphic evaluation and compilation in the search for potential near surface Pelican Formation quartz-rich sand horizons. The subset well dataset has an aerial extent of approximately 550 square kilometres and covers a large portion of the Ells River Property. The downhole geophysical logs were reviewed and re-interpreted for certain formation tops in order to create a series of 22 cross sections that were orientated northwest to southeast perpendicular to the regional geology. In addition, geophysical signatures characteristic of clean silica sand within the Pelican Formation were catalogued and mapped. The downhole data was then modelled in three dimensions in Micromine with a focus on modeling the Pelican Formation and the potential clean silica sand horizons within it.

The model of the Pelican Formation and its contained clean silica sand horizons constructed as part of the Phase One Stratigraphic Compilation and Modelling study is considered preliminary in nature. The three-dimensional model was used to create ‘preliminary’ volume estimates for the Pelican Formation and potential clean silica sand horizons within it. The volumes are ‘preliminary’ and are not to be construed as a National Instrument (NI) 43-101 compliant mineral resource nor should they be relied upon as such; that is, they have not been ‘estimated using the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines”. The ‘preliminary’ volumes are provided to show the potential volume of clean Pelican Formation silica sand that could exist on the Ells River Property as part of mapping out the depositional environment and target delineation for follow-up “Frac Sand” exploration. The three dimensional model of clean silica sand horizons within the Pelican Formation that is beneath less than 5 m of overburden and is within less than 25 m from surface, comprises a volume of roughly 4.4 billion m3 of potential Pelican sand. Victory has not completed any drilling or test pitting targeting the near surface Pelican sands nor has any laboratory work been completed to assess the quality and extent of clean silica sands within the Pelican sandstone at the Ells River Property. The volume estimate is preliminary in nature, is based upon a significant number of oil sands wells and associated downhole geophysical logs, but is not to be construed as a mineral resource and should not be relied upon. Rather the extent and characteristics of the Pelican sandstone as defined in the Summary Report provide some indication of the depositional environment and confidence to initiate phase two field studies and proppant test work. Significantly, the modelling has shown the potential for a northwest-trending ‘trough or channel’ of thicker Pelican sand that extends through the Ells River Property and will be a follow-up target for “Frac Sand” exploration.

Fieldwork is now required to confirm the results of the Phase One Stratigraphic Compilation and Modelling study and verify the existence, extent and quality of the Pelican Formation and the contained clean silica sand horizons within it. In addition, laboratory test work is required to evaluate the Pelican sand as a potential source of proppant for hydraulic fracking. If field and laboratory proppant test work during the 2014 is successful in identifying portions of the Pelican sands that have the required characteristics for use as “Frac Sand”, then the Pelican sand at the Ells River Property could develop into a significant source of proppant material for the expanding hydraulic fracturing market in western Canada.

CEO and Director Patrick Morris also commented: “We are pleased with the work that the team at APEX Geoscience has done to date. The report and volume estimate on the Ells River Property are another indication of the economic value that we can garner in the Frac Sand space in Canada to eventually create cash flow for the company. Our next milestone on the property is to confirm the sands API quality standards through a series of lab work testing for size, sphericity, turbidity, acid solubility and crush resistance.”

All 2014 field and office exploration programs are conducted under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a Principal of APEX Geoscience Ltd. and a Qualified Person under National Instrument 43-101.

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company’s near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada. Currently, approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States. Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

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.

Victory Mountain Ventures Ltd.
Patrick Morris
CEO and Director
604-683-5445
info@victorymv.com
www.victorymv.com

Posted in Uncategorized | Comments Off

Victory Mountain Ventures Announces Private Placement

May 2, 2014: 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 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 further reports that it has closed the non flow-through private placement previously announced February 18th 2014.  The Company announced April 2nd 2014 that it had closed on a tranche in which it issued 2,850,000 units raising an aggregate of $142,500.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada.  The Company’s near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada.  Approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States.  Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in 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.

Posted in Financing, News Releases | Comments Off

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.

Posted in News Releases | Comments Off

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.

Posted in News Releases | Comments Off

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.

Posted in News Releases | Comments Off

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.

Posted in News Releases | Comments Off

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.

Posted in News Releases | Comments Off

Victory Mountain Ventures Announces Private Placement and Director

View PDF Version

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.

Posted in Financing, News Releases | Comments Off