VANCOUVER - Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC PINK: VRCFF) ('Victory' or the 'Company') is pleased to announce that the Company's has acquired 100% interest in the Georgia Lake Lithium Project in the Thunder Bay District, Ontario.

'Noting the growing global demand for Lithium, and other batter metals, Victory's exploration team has been actively looking for an Ontario based Lithium property within proven Lithium regions,' said Mr. Mark Ireton, Victory Resources President and CEO. 'Georgia Lake Lithium represents such a property, and with the renewed focus from the Government of Ontario, the development of infrastructure is being supported in this prolific Lithium region, allowing us to realize the full potential of any commercially viable deposits within the project.'

Georgia Lake Project Highlights

The property is easily accessible, ranging anywhere from 1-3 km from Trans-Canada Highway, midway between Nipigon and Beardmore, Ontario; 14 km from Beardmore, which is a hub for the mining industry in Northern Ontario.

Victory's Georgia Lake property is 2 km east of Rock Tech Resources advanced lithium project within the Georgia Lake lithium District

In addition to external access, much of the project area is accessible through a recently developed network of logging roads, which will benefit Victory in terms of lower exploration costs

Historical mapping has noted abundant S-type granites which are known to host spodumene ('LCT' - lithium-cesium-tantalum) pegmatites on nearby Rock Tech lithium deposit.

Prior to commencing exploration of the property, the company plans to initiate discussions with local first nations setting out a collaborative framework to maximize efficiency and results.

An application for a work permit will be submitted to the MNDM which will include detailed geological mapping and sampling, with emphasis on late pegmatite dikes and apophyses known on the property. A pending drill program is envisioned, pending results of the 2022 mapping and sampling program. Drilling is possible 12 months of the year due to the excellent road infrastructure and relatively flat terrain on the property.

Contact:

Mark Ireton

Tel: +1 (236) 317 2822

Email: IR@victoryresourcescorp.com

About Victory Resources Corporation

VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.

Forward Looking Statements

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