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Victory Resources Announces Appointment of Mining Engineer, Mr. David Deering, to Its Board and to the Role of VP Exploration

Management Changes

Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8

For Immediate Release

VICTORY RESOURCES ANNOUNCES APPOINTMENT OF MINING ENGINEER, MR.

DAVID DEERING, TO ITS BOARD AND TO THE ROLE OF VP EXPLORATION

COMPANY PUTS EXPERTISE IN PLACE TO LAUNCH EXPLORATION PROGRAMS

VANCOUVER, BC, CANADA ( December 2 1, 2020 ) – Victory Resources Corporation (CSE: VR)

(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce the appointment of

Mr. David Deering, B.Sc. degree in Mining Engineering, to its Board of Directors and to the role of VP

Exploration.

“We are excited to welcome David to the Victory team, his experience and leadership are necessary as

the Company is advancing on its current exploration plans with structured work programs in the future,”

said Victory CEO, Mr. Dav id Lane. “With David Deering, Mining Engineer, and Helgi Sigurgeirson,

Geologist, Victory has put in place the expertise and capabilities to achieve the next phase of the

Company’s growth.”

Highlights

• Mr. David Deering, Mining Engineer, appointed to Victory Resources Board and to the role of VP

Exploration

• Victory Resources fortifies its mining e xploration capabilities as the C ompany advances toward

work programs on existing assets and toward the evaluation and acquisition of future projects

• Mr. Deeri ng vast experience includes roles such as President & CEO, Meadow Bay Capital

Corporation and as consulting e ngineer for companies such as MINDEVINC and Pamicon

Developments

“Thanks to the Victory team, I am energized to contribute immediately to the next phase of the

Company’s development,” said Mr. Deering. “The mining sector is building momentum and along with

Helgi Sigurgeirson , my efforts are focused on realizing the poten tial of current and future exploration

targets to benefit Victory shareholders.”

Mr. Deering achieved his B.Sc. degree in Mining Engineering - Colorado School of Mines, Golden,

Colorado) and has had extensive management experience in the mineral exploration industry strategic

planning, budgeting, logistics and technical evaluation. Independent consultant for mine development:

property acquisition, geology, evaluation of mineral deposits, mining, metallurgy and environmental

assessment.

The Company has rec ently issued 4,700,000 options to directors, officers and consultants pursuant to tis

incentive stock option plan. These options are exercisable at $0.055 per share for a period of 5 years.

Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8

For further information, please contact:

David Lane, President

Telephone: +1 (236) 317 2822

E-mail: [email protected]

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 currently seeking other

exploration opportunities, preferably in Canada.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of

this release.

Forward Looking Statements

Certain informa tion set forth in this news release may contain forward -looking statements that involve

substantial known and unknown risks and uncertainties. All statements other than statements of historical

fact are forward -looking statements, including, without limita tion, statements regarding future financial

position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint -

ventures and strategic alliances and co -operations, budgets, cost and plans and objectives of or involvin g

the Company. Such forward -looking information reflects management's current beliefs and is based on

information currently available to management. Often, but not always, forward -looking statements can be

identified by the use of words such as "plans", "e xpects", "is expected", "budget", "scheduled",

"estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations

(including negative variations) of such words and phrases or may be identified by statements to the effect

that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A

number of known and unknown risks, uncertainties and other factors may cause the actual results or

performance to materially differ from an y future results or performance expressed or implied by the

forward-looking information. These forward -looking statements are subject to numerous risks and

uncertainties, certain of which are beyond the control of the Company including, but not limited to, the

impact of general economic conditions, industry conditions and dependence upon regulatory approvals.

Readers are cautioned that the assumptions used in the preparation of such information, although

considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue

reliance should not be placed on forward -looking statements. The Company does not assume any

obligation to update or revise its forward -looking statements, whether as a result of new information,

future events, or otherwise, except as required by securities laws.