Victory Resources Corp Announces Completion of the Agreement to Earn a 70% Interest in the Reforma Property

Feb 13, 2013

VANCOUVER, Feb. 13, 2013 /CNW/ – Victory Resources Corp. (the “Company”) is pleased to announce that the company has satisfied all of the conditions to earn an undivided interest of 70% of the Reforma property.

The agreement was entered into on March 3rd, 2010 between the Company’s Mexican subsidiary, VicRes Mining Mexico S.A. de C.V., and collectively, Aztec Zinc de Mexico S.A. de C.V. and Copper Canyon S.A. de C.V. The terms of the Agreement included a schedule of payments and work programs to earn its 70% interest. The Company successfully completed the terms by paying to the Owners $300,000 and issuing a total of 14,000,000 common shares. The Company was also required to conduct work programs aggregating $2,500,000. As part of the terms of the agreement, the company will now proceed to enter into a joint venture agreement reflecting the 70% undivided interest of the Reforma property.

“The completion of the terms of the earn-in agreement and becoming a 70% joint venture partner of the Reforma property is an important milestone for the Company,” stated Wally Boguski, President and CEO. “The drill program at the Reforma property has yielded very encouraging results and we look forward to continuing to execute our corporate strategy and to report our company’s progress in 2013.”

Recent results from a work program on the Reforma were announced on August 7, 2012 where the company reported the results of 29 samples taken along a drift over a length of 80 metres that showed a weighted average of 231.48 g/t silver, 0.84% copper, 6.00% lead and 14.12% zinc. Each sample weighed between 5kg and 10kg and the average interval between samples was approximately 3 meters.

Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release.

http://www.victoryresourcescorp.com/news.html

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