Victoria Gold Corp.
TSX VENTURE : VIT

Victoria Gold Corp.

December 11, 2008 16:12 ET

Victoria Gold Intersects 29.6 m of 16.75 g/t Plus 35.6 m of 11.85 g/t of Gold at the Helen Zone of the Cove Project

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2008) - Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or "the Company") is pleased to announce the latest assay results from drill hole NW-13a at its Helen Zone discovery located in north-central Nevada, one of the most prolific gold mining areas of the world.

The Helen Zone is approximately 600 metres to the north-west of the Cove open pit which ceased gold mining about 7 years ago after producing 2.3 million ounces of gold and 100 million ounces of silver. In the opinion of the Company, the Helen Zone is not an extension of the gold zones that were mined in the pit; it is an entirely new gold discovery. Access to the Helen Zone could be less expensive and quicker because of its proximity to the Cove pit and may benefit from a more streamlined permitting process because of the previous mining on the property.



Selected assay results from drill hole NW-13a at the Helen Zone,
Cove Project, Nevada

-----------------------------------------------------------------------
Interval From (m) To (m) Interval (m) Grade (g/t)
-----------------------------------------------------------------------
413.6 421.2 7.6 1.12
-----------------------------------------------------------------------
-----------------------------------------------------------------------
425.8 456.3 30.5 2.33
-----------------------------------------------------------------------
Including 445.6 453.2 7.6 6.03
-----------------------------------------------------------------------
And Including 450.2 453.2 3.0 8.54
-----------------------------------------------------------------------
-----------------------------------------------------------------------
485.2 514.0 28.8 1.14
-----------------------------------------------------------------------
Including 496.3 499.0 2.7 3.77
-----------------------------------------------------------------------
-----------------------------------------------------------------------
566.1 601.7 35.6 11.85
-----------------------------------------------------------------------
Including 566.1 568.8 2.7 20.90
-----------------------------------------------------------------------
And Including 573.3 584.0 10.7 18.78
-----------------------------------------------------------------------
And Including 582.5 584.0 1.5 36.14
-----------------------------------------------------------------------
And Including 590.1 601.7 11.6 13.29
-----------------------------------------------------------------------
And Including 598.0 601.7 3.7 33.44
-----------------------------------------------------------------------
-----------------------------------------------------------------------
610.8 640.4 29.6 16.75
-----------------------------------------------------------------------
Including 612.6 634.6 22.0 22.21
-----------------------------------------------------------------------
And Including 620.0 634.6 14.6 27.54
-----------------------------------------------------------------------
And Including 620.0 628.5 8.5 37.32
-----------------------------------------------------------------------
And Including 625.7 628.5 2.8 77.92
-----------------------------------------------------------------------


"These drilling results from hole NW-13a, which were better than the already high expectations of the Company, further confirm the existence of a discovery at the Helen Zone. Since the very first hole we drilled into the Helen Zone, we have continued to intersect high grade gold assays over wide intervals," said Chad Williams, President and CEO of Victoria Gold Corp. "The innovative techniques we employed to make the Helen Zone discovery can also be applied to Victoria's other core properties including the properties to be acquired as part of the Gateway transaction."

Drill hole NW-13a is a step out hole down plunge of drill holes NW-5 and NW-6a but still in the silty limestone of the Favret Formation. The intersections of NW-13a are located approximately 50 metres south-east of NW-5 in the east wing of the Helen Zone. These multiple high grade intervals in NW-13a indicate that the Helen Zone is robust in width as well as down plunge. Drilling was carried out using HQ and NQ-sized core. The assays were mostly taken at 1.52 metre intervals.

"Victoria has made this discovery at a very early stage in the exploration program and the Company is excited by the potential for expanding this discovery and indeed for finding new gold bearing zones at some of the other drill targets we have identified on the property using our 'structural systematics' methodology," said Chad Williams. "Our aim is to add value per share and the private placement fundraising we announced on December 1, 2008 will allow us to continue through 2009 in a market environment in which the Company believes many juniors may not survive."

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 favour 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, 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. In addition to a recent site visit, 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.

Contact Information