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Victory Adds to Its Stingray Property Claims South of Patriot Battery Metals (CSE-PMET) Corvette Property

Mergers & Acquisitions

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

For Immediate Release

VICTORY ADDS TO ITS STINGRAY PROPERTY CLAIMS SOUTH OF

PATRIOT BATTERY METALS (CSE-PMET) CORVETTE PROPERTY

● Victory has acquired and staked additional claims, adding to its Stingray property

array in Quebec on ground adjacent to Patriot Battery Metals, (CSE-PMET)

Corvette lithium discoveries

● Expanding from 44 claims announced in July, Victory has now in total acquired,

staked, and filed 49 non-contiguous claims in the highly prospective James Bay

Lithium District

● Victory’s exploration team is actively pursuing additional property in the region

and other promising Lithium areas in both Canada and the USA

VANCOUVER, BC, CANADA ( October 11th, 2022) – Victory Resources Corporation (CSE:

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

the Company’s has increased its land claim holdings in the James Bay Lithium District in Quebec,

bringing the total claims acquired, staked, and filed to 49. The Company’s Stingray Properties are

non-contiguous to the south of Patriot Battery Metals (CSE: PMET) Corvette lithium property in

Quebec.

Victory’s exploration team has dealt with technical issues with the Quebec mining registration

system (GESTIM) and added to and relocated some if its claims to, expanding from 44 claims

announced in July to a total of 49 claims. The array of Stingray Properties as per the map below

indicate 4 non-contiguous holdings, south and adjacent to Patriot Battery Metals Corvette

Property.

The Stingray Claims are underlain by intermediate intrusive rocks, predominately Granodiorites

and Tonolites as well as some granitic rocks. Based on regional geology these intrusive rocks

abut the volcanic sequence of the James Bay Greenstone belt.

As Victory’s Exploration team continues to assess additional land claims in the area, it intends

to conduct a geologic and surface geochemical survey together with an airborne geophysics

survey on the Stingray claims.

Stingray Properties Array Map

Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National

Instrument 43-101, has reviewed, and approved the technical contents of this news release on

behalf of the Company.

For further information, please contact:

Mark Ireton, President

Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)

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 actively seeking other exploration

opportunities.

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

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

this release.

Forward Looking Statements

Certain information 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 limitation, statements regarding future financial

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

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 involving

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", "expects", "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 any 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, fu ture events, or otherwise, except as required by

securities laws.