Victoria Resource Corporation
TSX VENTURE : VIT

Victoria Resource Corporation

August 20, 2007 19:01 ET

New President and CEO Signals a Renewal at Victoria Resource Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2007) - Victoria Resource Corporation (the "Company") (TSX VENTURE:VIT) is pleased to announce the appointment of Mr. Chad Williams, P. Eng as the company's new President and Chief Executive Officer.

"It's a great privilege to be associated with Victoria Resource Corporation. Each of the Company's existing exploration projects has the potential to host a large gold deposit and Nevada remains the best jurisdiction in the world to be searching for gold," commented Chad Williams. "Victoria has a very strong and motivated team of geologists with a high level of experience in finding gold deposits in the Western U.S. Further, the current general economic context should continue to be very supportive to the US dollar-denominated price of gold which will remain our commodity of focus."

In addition, the Company announces the granting of stock options to directors and an officer of the Company to purchase up to 2.1 million common shares at an exercise price of $0.60 per share and an expiry of August 20, 2012 pursuant to the company's new stock option plan. In accordance with the policies of the TSX Venture Exchange, shares acquired on the exercise of stock options are subject to a four-month hold period from the date of grant.

Mr. Williams replaces Mr. Roger Richer who recently resigned along with Mr. Mark Corra, the Company's Chief Financial Officer, and several other employees formerly associated with Bema Gold Corporation (now Kinross Gold Corporation) that administered some of the company's business in the past. The company will search aggressively to find a replacement for Mr. Corra along with and some of these other individuals.

On Behalf of VICTORIA RESOURCE CORPORATION

Chad Williams, CEO, President & Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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