SOURCE: Victory Energy Corporation

March 05, 2007 09:00 ET

Victory Energy Corporation Schedules Annual Shareholders Meeting

LOS ANGELES, CA -- (MARKET WIRE) -- March 5, 2007 -- Victory Energy Corporation (OTCBB: VYEY) announced today that the Board of Directors has established April 18, 2007, as the date of the annual shareholders meeting.

The Record Date for this meeting will be March 23, 2007; shareholders as of this date will be notified and receive a proxy delivered through the contact information currently on file. More specific information regarding the location will be provided with the formal mailing of proxies to all of the shareholders.

Mr. Jon Fullenkamp, President and Chief Executive Officer of Victory Energy Corporation, states, "We look forward to the opportunity to interact with our shareholders during this scheduled event, to share the positive evolution of the Company and to have the ability to provide insight into the two major projects we have recently announced."

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.

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