SOURCE: Victory Energy

November 26, 2007 09:00 ET

Victory Energy Acquires Production

CARSON CITY, NV--(Marketwire - November 26, 2007) - Victory Energy Corporation (OTCBB: VYEY) announced today that the Corporation has completed the purchase of existing production.

The Corporation has completed the first phase of a three-phase acquisition of existing production. Victory Energy Corporation will take effective control of the producing properties upon the completion of the second acquisition phase, to be completed, on or before December 1st, 2007. The company will begin receiving revenues during the first quarter of 2008. The value of reportable reserve assets to the Corporation, when the second phase of acquisition is completed, will be approximately $10,000,000.

"This acquisition of production is the first step of the strategic growth plan for long term development of the company as an energy producer while building shareholder value for the company's shareholders," stated Jon Fullenkamp, President of Victory Energy Corporation.

About Victory Energy Corporation:

Victory Energy Corporation ( is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's EDGAR system at Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.

Contact Information

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    Falcon Financial Partners, LLC
    Steve Demeo