Advancement Of Smokey Lithium Drill Permit Process

VANCOUVER - Victory Resources Corporation reported that it is fast tracking a drill permit application for Smokey Lithium upon the basis of the strong results from the Company's recently completed geological sampling program on its property in Esmeralda County, Nevada.

”Esmeralda County is part of a prolific lithium area, and with sampling results of up to 1500 ppm Li at Smokey Lithium, Victory has a significant play right in the midst of the region," said President and CEO, Mark Ireton. "The compelling results we have received from Smokey Lithium indicate that initiating a drill program on the property is our current top priority. Victory's exploration team is deployed in Nevada, putting us in an ideal position to seize this opportunity quickly and investigate the potential indicated at Smokey Lithium."

Highlights of Smokey Lithium Advancement: Victory exploration team in advanced planning and preparation toward filing drill permit for Smokey Lithium; Plan is to commence drilling in late summer, early fall pending permit approvals; Sampling indicates several areas of high Li values in the claystones up to 1500 ppm Li; The southwest area of the Smokey Lithium property showed values well over 1000 ppm Li. Sampling in this area revealed a highly anomalous zone approximately 1.5 km across; and The central area also features elevated Li values and may be related to the high Li zone on the adjacent Jindalee Property.