VR Resources Ltd. reported that the diatreme breccia reported last fall at its Northway property located in northern Ontario is a kimberlite breccia pipe. Northway was staked directly by the Company in July, 2022, and a single reconnaissance drill hole was completed in November at the end of the fall drill program at Hecla-Kilmer ("H-K") located 12 km to the southwest. Northway covers a 1.2 km magnetic anomaly located along the same structural setting as H-K, the Kapuskasing Structural Zone (KSZ).

Drill Hole NW022-001 was completed to 282m. Drilling intersected a diatreme breccia pipe preserved below Paleozoic limestone and sandstone cover, after which the drill program was demobilized, on time and on budget. The Company has now confirmed that the diatreme breccia is a kimberlite pipe.

The drill hole intersected only the weathered, uppermost portion on the eastern edge of the kimberlite pipe at Northway. Despite that, VR has initiated a range of petrology, whole-rock geochemistry and mineral chemistry studies which are ongoing. Drill core photos included in this news release provide a snapshot of the array of textures and important mineralogy observed to-date, including accretionary Kimberley-type pyroclastic kimberlite breccia textures, and garnet-bearing eclogite xenoliths.

For a complete assessment of the diamond potential, VR plans to complete and sample a follow-up drill hole down into and across the center of the 1.2km magnetic anomaly at Northway this spring. Summary technical and geological information for the Company's various exploration properties is available at the Company's website at www.vrr.ca. 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.