VVN

Victory Ventures Inc. (TSX VENTURE:VVN)(FRANKFURT:VV0) (the "Company") is
pleased to announce that it has signed a Letter of Intent ("LOI") with Polaris
Capital Ltd. of Calgary, Alberta, to option two claims totalling 448 hectares
covering a copper showing in the North West Mining Division of British Columbia
(the "Claims"). The Claims are registered in the name of Robin Day. Mr. Day
holds the Claims for the beneficial owner, Polaris Capital Ltd. (the
"Optionor").


The Claims are partially surrounded by claims owned by Imperial Metals
Corporation, which is developing the Red Chris copper deposit, approximately 11
kilometers to the south.


The Claims are situated east of Iskut, BC and are crossed by a main gravel road
extending eastward toward the old BC rail r/w. The B31 showing on the Claims is
located about 2 kilometres to the northeast of Ealue Lake, approximately 14
kilometres east-southeast of the Village of Iskut. Access is by 2 wheel drive
vehicle.


The Claims have been explored in the past. Mapping by the BC Geological Survey
in 1994 led to the discovery of the B31 copper showing, in which magnetite,
chalcopyrite and lesser pyrite occur in proximity to fractures and cataclastic
microstructures within a small syenitic stock. A magnetometer survey by the
Optionor outlined a prominent magnetic anomaly trending northwestward from the
showing. The property, which has not been drilled, is prospective for:




--  Alakalic copper gold porphyry, or 
--  Skarn hosted copper gold mineralization. 



Under the terms of the LOI, subject to TSX Venture Exchange approval, the
Company will be required to pay total cash of $170,000, issue 600,000 shares and
spend an aggregate $600,000 on the Claims over five years to earn a 100%
interest, subject to a 2% NSR to the Optionor. 


An exploration program will be completed by Victory Ventures during the next
exploration season.


On behalf of the Board of Directors: 

Howard Milne, Director

Victory Ventures Inc. (TSXV:VVN)
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