VR Resources Ltd. announced the successful completion of the fall drill program at its Hecla Kilmer (“H-K”) project and critical metals discovery located in northern Ontario. 1,719 m completed in 6 drill holes, ranging from 147 – 396 metres in length; 1,273 samples have been submitted for geochemical analysis. Program Summary VR has now completed 22 drill holes for a total of 8,767 m at Hecla Kilmer, in four programs starting in the fall of 2020.

The current drill program completed three holes to test for extensions around the 243 m intersection at 1.01 % TREO in Hole 13, and; two holes were completed around the 55 m intersection in Hole 15 located 2.5 km to the south, in the south rim of the complex. The exploration camp established in 2020 at the terminus of Highway 634 at the Otter Rapids hydroelectric facility again provided for efficient and cost-effective logistics for the six week program. The Company is able to submit its drill core samples for geochemistry to the laboratory in Timmins in sequence, as each drill hole is completed, because Timmins is just a three hour drive south from camp.

The Company expects to receive final data through the upcoming months of December and January. VR submits sawn drill core samples for geochemical assay to the ALS Global Ltd. (“ALS”) laboratory facilities in Timmins, Ontario, with final geochemical analytical work done at the ALS laboratory located in North Vancouver, BC., including lithium borate fusion, ICP-MS and ICP-AES analyses for base metals, trace elements and full-suite REE analysis, and gold determination by atomic absorption on fire assay. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures, including the systematic insertion of both sample duplicates and geochemical standards done both externally on the project site by the Company and internally at the laboratory by ALS, as described by ALS.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., VP Exploration and a non-independent Qualified Person oversees all aspects of the Company's mineral exploration projects, and the content of this news release has been reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person. The Hecla-Kilmer complex is located 23 km northwest of the Ontario hydro-electric facility at Otter Rapids, the Ontario Northland Railway, and the northern terminus of Highway 634 which links the region to the towns of Cochrane and Kapuskasing to the south, itself located on the northern Trans-Canada Highway.

The H-K property is large. It consists of 224 mineral claims in one contiguous block approximately 6 x 7 km in size and covering 4,617 hectares. The property is owned 100% by VR.

There are no underlying, annual lease payments on the property, nor are there any joint venture or back-in interests. Hecla-Kilmer is located on provincial crown land, with mineral rights administered by the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry (“MNDM”). There are no annual payments, but the MNDM requires certain annual exploration expenditures and reporting.

The property falls within the traditional territories of the Moose Cree and Taykwa Tagamou First Nations.