Victory Resources Corp. – Disclosure Update
Tuesday, 13 May 2014 00:00

VANCOUVER, BC – Victory Resources Corp. (Symbol: VR-TSXV/OTCQX:VRCFF) (the "Company") has been the subject of a Cease Trade Order (the “CTO”) n British Columbia since March 23, 2014; the CTO remains in effect pending the satisfaction of disclosure corrections required by the British Columbia Securities Commission (the “BCSC”).

The Company wishes to provide an update on its progress.

The Company’s main focus from approximately 2010 to early 2014 has been the Reforma property (“Reforma”) located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. A technical report (“the Reforma Report”), dated September 14, 2010, was prepared for the Company’s by its Qualified Person (“QP”) in accordance with the requirements of NI 43-101 and filed. The Reforma Report has been available for viewing at www.SEDAR.com since September, 2010.

After the Reforma Report was prepared and filed, the Company undertook a variety of exploration initiatives at Reforma, and reported the results from time to time in various public disclosures; however, no cohesive update to the Reforma Report was ever filed. The BCSC is of the view that enhanced disclosures and corrections are required, and the Company has now caused its QP to prepare an update addendum (the “Update”) to the Reforma Report which will shortly be presented to the BCSC for consideration.

The Company continues to work closely with the BCSC to make all required corrections and it is expected that that the Update will lay the groundwork for an updating press release and/or other corrective disclosures which will be required as a precondition to the BCSC lifting the CTO.
The Company is working diligently to ensure that trading can recommence without undue delay.

On behalf of the Board of Directors of Victory Resources Corporation.

Wally Boguski, CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.Neither 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 press release, which has been prepared by management.

Neither 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 press release, which has been prepared by management.