Victoria Resource Corporation
TSX VENTURE : VIT

Victoria Resource Corporation

December 11, 2007 12:51 ET

Victoria Reports 61.9 m (203 feet) of 12.57 g/t (0.367 oz/ton) Gold Including 13.9 m (45.5 feet) of 37.21 g/t (1.087 oz/ton) Gold at Cove-McCoy, Nevada

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2007) - Victoria Resource Corporation (TSX VENTURE:VIT) ("Victoria" or the "Company") is pleased to announce gold assays from recently completed core hole NW-5 at the Cove-McCoy Project located in North-Central Nevada.

Highlights:

- A composite interval of 61.9 m (203 ft) of 12.57 g/t (0.367) oz/ton gold that includes 42.2 m (138.5 ft) of 16.36 g/t (0.478 oz/ton).

- This interval also contains 13.9 m (45.5 ft) of 37.21 g/t (1.087 oz/ton) plus 12.2 m (40 ft) of 12.59 g/t (0.368 oz/ton).

- All of the above intercepts are contained in an interval of 208.8 m (685 ft) of 4.60 g/t (0.134 oz/ton).

The drill intercepts are summarized in Table 1:



Table 1: Hole NW-5 (344, -67), Cove-McCoy Project, NW-Cove Target Area

---------------------------------------------------------------------
From: m (ft) To: m (ft) Length: m (ft) Gold (g/t) Gold (oz/ton)

--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------

421.5 (1,383) 630.3 (2,068) 208.8 (685) 4.60 0.134


Which includes the following intercepts:

-------------------------------------------- ---------- -------------
-------------------------------------------- ---------- -------------
450.5 (1,478) 456.6 (1,498) 4.6 (20) 7.25 0.212
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
568.5 (1,865) 630.3 (2,068) 61.9 (203) 12.57 0.367
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
588.1 (1,929.5) 630.3 (2,068) 42.2 (138.5) 16.36 0.478
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
588.1 (1,929.5) 602.0 (1,975) 13.9 (45.5) 37.21 1.087
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
593.8 (1,948) 602.0 (1,975) 8.2 (27) 52.22 1.525
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
618.1 (2,028) 630.3 (2,068) 12.2 (40) 12.59 0.368
--------------- ------------- -------------- ---------- -------------
--------------- ------------- -------------- ---------- -------------
621.2 (2,038) 630.3 (2,068) 9.1 (30) 16.63 0.486
---------------------------------------------------------------------
---------------------------------------------------------------------


True widths have not yet been determined.

What These Results Mean to Victoria

A total of five core holes totaling 4,800 m (15,760 feet) have now been drilled by the Company at Cove-McCoy. The best results released prior to NW-5 were (1):

- NW-1 intersected 38.4 m (126 feet) of 10.96 g/t (0.320 oz/ton) gold

- NW-4 intersected 14.0 m (46 feet) grading 8.16 g/t (0.238 oz/ton) gold.

Chad Williams, CEO, President & Director commented that "The wide and continuous intercepts and significant gold grades reported by hole NW-5 show that we may be progressing toward the definition of a sizeable new quality gold system at Cove-McCoy and highlight the potential of this large property that we have really just started exploring. NW-5 also substantiates Victoria's exploration methods that can be applied to the 14 other targets currently identified at Cove-McCoy and the Company's 7 other gold exploration projects in Nevada".

The gold mineralized area defined by holes NW-1 to NW-5 has been named the "Helen Zone".

NW-5 hit significant gold mineralization approximately 68.6 m (225 feet) down plunge of the Helen Zone from core hole NW-1. The Helen Zone is located just 660 m (2,000 feet) north-west -- and roughly at the same elevation -- as the bottom of the mined Cove open-pit.

Cove-McCoy Plans

NW-5 was the first hole in Victoria's Phase 2 of drilling at Cove-McCoy. A second core drill rig has been added to the site with a minimum of 6 more holes planned to further test the Helen Zone. A third core drill rig may be added in early 2008 to test other targets on the property.

Although exploration at Cove is at an early stage, underground access to the Helen Zone for closer-spaced delineation drilling may be warranted depending on drilling results over the next few months. Access to the Helen Zone could be achieved relatively quickly and inexpensively through the side wall of the existing Cove-McCoy open pit.

Victoria is earning up to a 100% interest in the Cove-McCoy project through annual work commitments, such interest being subject to a back-in right in favour of Newmont Mining Corporation for a 51% interest or a US$1.5 million cash payment to Newmont and a maximum royalty of up to 5% upon the delivery of a positive feasibility study completed by Victoria.

About Victoria

Victoria is a high-growth, lower-risk company focused on gold. The Company endeavours to add value per share through efficient exploration and the completion of accretive acquisitions. In addition, Victoria's management remains vigilant in its efforts to lower the Company's risk profile through (i) project diversification, (ii) the prudent management of its financial resources, and (ii) its election to operate in lower-risk jurisdictions. Victoria currently has stakes in eight promising gold exploration projects covering an area of more than 100,000 acres in Nevada. The Company's strengths lie in its exceptional property portfolio and its experienced and dedicated exploration team. Near-term catalysts related to exploration results, the constant evaluation of accretive corporate transactions, and other factors, such as a higher gold price environment, should assist the Company in adding value per share.

Victoria's core is transported from the drill site to the core logging/splitting area by a Company geologist. The core is logged, photographed and sawed in half. One half of the core is shipped to Inspectorate Laboratory in Reno, Nevada. Each sample is analyzed for gold by fire assay with atomic absorption ("AA") analysis finish. Every sample with greater than 3.0 grams per tonne gold is re-assayed by fire assay with gravimetric analysis finish. The Company uses certified control standards, duplicates and coarse field blanks randomly inserted into the sample stream to monitor the laboratory performance. Dr. Raul Madrid, Vice President of Exploration, directs the drilling and logging procedures at the Cove-McCoy Project. The contents of this press release were reviewed by Nancy J. Wolverson, Consulting Geologist and C.P. Geo. In addition to a recent site visit, she reviewed the analytical results and the QA/QC procedures in place at Victoria 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 by NI 43-101.

ON BEHALF OF VICTORIA RESOURCE CORPORATION

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

This discussion 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.

(1) See the following Victoria press releases for details: "Further Drill Results at Cove-McCoy Project, Nevada" (May 30, 2007), "Drilling Intersects High Grade Gold at Cove McCoy, Nevada" (January 9, 2007), and "Drilling Program Started at Victoria's Newly Acquired Cove-McCoy Property" (October 12, 2006).

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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