Victoria Gold Corp.

Victoria Gold Corp.

April 07, 2009 11:40 ET

Victoria Gold Announces Additional High Grade Gold Intercepts From the Helen Zone

Wide Mineralized Zone in First Deep Step-out Hole

TORONTO, ONTARIO--(Marketwire - April 7, 2009) - Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or "the Company") is pleased to announce the latest assay results from the Helen Zone at the Cove Project located in north-central Nevada.

The purpose of drill hole NW-14 was to test the Helen Zone for the first time below where previous drilling defined a plunge length of approximately 150 m.

NW-14 intersected the Helen Zone approximately 65 m below and 20 m to the east of NW-13a which intersected 16.75 g/t of gold over 29.6 m plus 11.85 g/t of gold over 35.6 m (see news release dated December 11, 2008). A diagram showing the location of drill hole NW-14 can be found at

NW-14 demonstrates that, in the Company's view, the Helen Zone is broad and consistently mineralized at depth.

Selected assay results from drill hole NW-14 at the Helen Zone,
Cove Project, Nevada


From To Interval (m) Gold Grade
(m) (m) (g/t)
392.3 434.9 42.7 1.26
537.1 563.0 25.9 3.90
Incl 546.2 552.3 6.1 8.32
And incl 546.2 549.2 3.1 14.06
567.5 569.1 1.5 7.20
592.5 602.9 10.4 13.74
Incl 592.5 599.2 6.7 19.95
And incl 592.5 595.3 2.7 42.93
608.1 617.5 9.5 2.67
710.2 715.1 4.9 1.00

"We are very pleased with the results from hole NW-14. This hole contained many intervals of high grade gold which indicate a strong gold system. Additionally, hole NW-14 contained over 400 m of alteration - much of it containing anomalous gold -- which shows that the mineralization in the Helen Zone is large in scale", said Mr. Chad Williams, President and CEO of Victoria. "We remain in the early days of exploration at the Helen Zone and are still in the process of fine-tuning our understanding of the geometry of this gold system. Using the information gained from NW-14 we now believe that the best gold values in terms of grades and thicknesses will be found slightly to the west of where NW-14 intersected the Helen Zone."

The drilling of NW-14 was on-time and on-budget which further demonstrates that the Company's innovative drilling techniques developed late in 2008 continue to perform well. Drilling was carried out using HQ and NQ-sized core with assays taken mostly at 1.52 m intervals. The true width intersection of NW-14 is not known at this time. Assays were undertaken by Inspectorate America Corporation in Reno, Nevada using fire assay followed by atomic absorption finish or fire assay followed by gravimetric finish.

Future Plans at Cove

The Company plans to start drilling hole NW-15 from surface shortly. However, the broad mineralized gold intercepts and high gold grades in NW-14 provide further confidence in the merit of driving an adit (tunnel from surface) into the Helen Zone to facilitate underground exploration drilling in the future to expand the Helen Zone. Drilling from underground is expected to be faster, less expensive, and more precise than drilling from surface...

The Helen Zone is approximately 600 m to the north-west of the former producing Cove open pit which historically produced 2.3 million ounces of gold and 100 million ounces of silver. Victoria believes the Helen Zone is not an extension of the gold zones that were mined in the historical pit but an entirely new gold discovery.

Cove Project Background

Victoria has completed its work commitments to earn a 100% interest in the Cove project, such interest being subject to (i) a back-in right in favor of Newmont Mining Corporation ("Newmont") for a 51% interest, or (ii) a US$1.5 million cash payment to Newmont and a maximum royalty of up to 5% (3.5 % to 5% including previous royalties) upon the delivery of a positive feasibility study completed by Victoria.

About Victoria

Victoria aims to be a high growth, lower risk company focused on gold. The Company's strategy is to add value per share through efficient exploration, project development, accretive acquisitions and effective marketing. Maintaining a low risk profile through project diversification, sound financial management and operating in secure jurisdictions are key priorities for Victoria's management team.

The technical contents of this press release were reviewed by Nancy J. Wolverson, Independent Consulting Geologist. She reviewed the analytical results and the QA/QC procedures in place at the facilities of the Company and the analytical laboratory. Ms. Wolverson is a Certified Professional Geologist (C.P. Geo.) through the American Institute of Professional Geologists (AIPG) and is a Qualified Person as defined in National Instrument 43-101. Dr Raul Madrid, Vice President, Exploration of the Company, directs the drilling and logging procedures at the Cove project and is responsible for the geologic interpretation.

On Behalf of Victoria Gold Corp.

Chad Williams, P. Eng, CEO, President & Director

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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