Clarification of Reforma Property Exploration Results
Tuesday, 17 June 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”) in British Columbia since March 23, 2014.
The Company owns the Reforma property (“Reforma”), located at the common boundary of Sinaloa and Chihuahua States, in west central Mexico. A technical report, dated September 14, 2010 (the “Original Reforma Report”), was prepared for the Company’s by its Qualified Person (“QP”) in accordance with the requirements of NI 43-101.

After the date of the Original Reforma Report, the Company continued to explore Reforma; however, a cohesive update to the Original Reforma Report was not prepared. The totality of subsequent exploration programs conducted by the Company at Reforma is material to the property, and NI 43-101 requires the subsequent work to be included in a current technical report. In addition, a current technical report is necessary to verify and correct the Company’s reporting of subsequent exploration work and the results obtained. As a result, an updated Reforma report, dated June 16, 2014 (the “Updated Reforma Report”), has now been prepared and filed on

The Company’s MD&A for the period ended November 30, 2013 has also been amended and refiled.

To the extent that the Updated Reforma Report is inconsistent with past public disclosures, this press release seeks to highlight the resulting corrections and retractions.
In a press release of July 12, 2011, the Company disclosed certain drill core results, some of which are not confirmed in the Updated Reforma Report. The table contained in that press release is retracted and is replaced with the following:


In press releases of August 9, 2012, October 13, 2012, January 9, 2013 and February 13, 2013, the Company reported the results of underground sampling at Reforma. The news releases disclosed a zone of 80 m length with weighted average grades of 231 g/t silver, 0.84% copper, 6% lead and 14% zinc, without reporting the thickness of the zone. The compilations and reporting of sampling results for this zone of underground mineralization was incomplete and potentially misleading. The Updated Reforma Report clarified that out of 29 samples collected, 24 are contiguous over a stretch of 55m. The samples were taken every 3m across true widths ranging from 0.85m to 3.9m. Assay results of the 24 samples returned weighted averages of 152.17g/t silver, 0.53% copper, 8.63% lead and 0.91% zinc over an average width of 2.08m.

Initial bulk sampling of tailings (each sample weighing 10kg) from the ‘Matanza’ and ‘Altamira’ tailings ponds extracted from 13 backhoe trenches were tested by assay and have been reported in the Updated Reforma Report. The values reported in the Company’s press releases of March 1, 2012 and October 31, 2012 (most notably a typographical error whereby 2.33% zinc was incorrectly reported as 12.33%) are restated as follows:



Each trench measured 0.70 m wide by 5.0 m long and 3.5 m deep. Seven trenches were dug at the Matanza and six at the Altamira. Bulk samples of 70 kg each of the Matanza and Altamira tailings were subsequently run through a processing plant in Chihuahua, Mexico for preliminary testing. No relevant results were obtained.

A total of 218 auger samples were taken from both tailings ponds using a 4-inch diameter sand auger. The samples were collected at 1.5 metre intervals from each hole. The Company did not assay the samples from any auger drill testing conducted and the samples are presently stored at ALS Chemex, awaiting further instructions from the Company.

Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by National Instrument 43-101, is responsible for the technical information contained in this Press Release.

On behalf of The Board of Directors of Victory Resources Corporation


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.