MAV.CN · 2021-11-02 12:00:00

Victory Resources Announces Non-Brokered Private Placement

Financings

VANCOUVER, BC, CANADA ( November 2, 2021) – Victory Resources Corporation (CSE:

VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) announces a non -brokered

private placement of up to 18,181,818 units (each a “Unit”) at a price of $0.055 per Unit for

gross proceeds of up to $1,000,000. Each Unit will consist of one common share and one

common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to

purchase one additional common share of the Company at a price of CDN $0.07 per share for a

period of 24 months from the date of closing and are subject to an acceleration clause that may

be triggered (after the initial hold period of the shares has expired) should the shares trade at or

above $0.20 for a period of 10 days.

Finder’s fees may be paid in both cash and finders warrants (having the same terms as the

Warrants) in connection with a portion of this private pla cement pursuant to the policies of the

CSE.

The proceeds from the sale of Units will be used for the on going exploration and drilling

program on its Sm okey Lithium Property located in Esmeralda County, Nevada, as well as

towards general working capital in furtherance of the Company’s business.

The securities to be issued under the placement will be subject to a four-month statutory hold

period in accordance with applicable securities laws.

About Victory Resources Corporation

Victory is a publicly traded junior international mining corporation with interests in North

America. The company is currently developing its existing projects including its recently

optioned Loner property in Nevada adjacent to Goldbanks, its recently acquired Smokey

Lithium property in Nevada adjacent to American Lithium's flagship property, its British

Columbia Mal -Wen property and its other properties including, Black Diablo in

Nevada, Hammond Reef South in Ontario adjoining Agnico Eagle’s Hammond Reef mine, and

Lac Simard in Quebec within 20 k of 3 operating gold mines including Agnico Eagle’s Goldex,

Canadian Malartic mines and Eldorado Gold’s Lamaque mine.

For further information, please contact:

Mark Ireton, President

Telephone: +1 (236) 317 2822 or

TOLL FREE 1 (855) 665-GOLD (4653)

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.