VMV

Victory Mountain Ventures Ltd. (TSX VENTURE: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 tight oil and gas plays in Alberta and neighboring
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 VENTURE: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.Geol., a qualified person as defined in NI 43-101.


On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Victory Mountain Ventures Ltd.
Charles Desjardins
President and Director
604-683-5445
604-687-9631 (FAX)
info@victorymv.com
www.victorymv.com

(TSXV:VMV)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

(TSXV:VMV)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024