VVC Exploration Corporation

VVC Exploration Corporation

June 22, 2010 17:03 ET

VVC Exploration Options La Tuna Gold Property


- gold mineralization associated with veins, paleo-placers and present day placers

- grades up to 16.23 g/t from selected hard rock samples

TORONTO, ONTARIO--(Marketwire - June 22, 2010) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC) (FRANKFURT:V7S) ("VVC" or the "Company") is pleased to announce that it has completed the acquisition from Grupo Minero Factor SA de CV (the "Vendor") of a 3,533-hectare gold mining project known as La Tuna (the "Property"). The Property is located in the Municipality of Alamos, State of Sonora, at the junction of The Rio Fuerte and The Rio Baboyahui.

Pursuant to the agreement, VVC's Mexican subsidiary acquired from the Vendor a 100% interest in the Property in consideration for US$40,000 plus applicable taxes payable and 300,000 shares of the Company. The Property is subject to a 2% NSR Royalty (the "NSR") derived from the production of minerals on the Property, with a buy-back option. The transaction is subject to the approval of the TSX Venture Exchange.

The Property has gold potential in paleo placers, present day placers derived from the paleo placers and vein type deposits such as the La Perdida deposit. The river placer deposit and the paleo-placer zone are located mainly along the Rio Baboyahui near the river junction extending to the Rio Fuerte, in an area of approximately 500 by 500 meters. The paleo-placer zone carries gold associated with magnetite (from black sand) which allows some definition of the paleo-channels by magnetic surveys.

Limited historical sampling in the period from 1987-91 by an Australian company, in a "drift" in a paleoplacer channel gave grades ranging from 1 to 3 g/m3 Au. Historical data (non 43-101 compliant), from 1994 from a Mexican engineer, Alberto J. Terrones Langone, indicated that the area contains 3.7 million m3 at 2 g/m3, equivalent to approximately 200,000 ounces of gold. It should be noted that the "paleo placer" was sampled as a placer deposit however since it is a hard rock deposit it should be sampled using channel, chip or drill core samples, not bulk samples in cubic metres, which has little relevance in a hard rock deposit.

The Perdida vein deposit which averages 2.75 m in width, is located in the north-west part of the property with the structure hosting the deposit, trending north-west and dipping 25 degrees to the south-east. The deposit has not operated since the 1940's however historical results from 4 grab samples taken in 1991 by an Australian company, are: the portal area - 12.49 g/t; the ore zone - 3.29 and 16.23 g/t; and development muck - 11.24 g/t.

No work has been carried out by VVC since the option on the property and the results described above are not 43-101 compliant, have not been subject to due diligence sampling and should be treated with extreme caution. The Company will be carrying out an evaluation of the property consisting of data compilation and sampling of all gold zones over the next few months. Results will be reported as they are received.

The technical aspects of this news release were reviewed by Peter Dimmell, P.Geo. (NL, Temp ON), a director of VVC, who is a Qualified Person (QP) as defined in National Instrument 43-101.

About VVC:

VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes a gold prospect in Sonora State, a gold-silver prospect in northern Durango State, and a silver, lead and zinc prospect in Chihuahua State, all in Mexico, and a grass-roots gold prospect in the Timmins area of northern Ontario and in the Beauce area of southern Quebec. VVC is also aggressively searching for other projects – mainly precious minerals and base metals at various stages of development in North America, with an emphasis on gold and silver in Mexico.

On Behalf of the board of Directors


Michel J. Lafrance, Secretary-Treasurer

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fund raising by public companies. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSXV nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

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