SOURCE: Victory Energy

April 18, 2008 14:48 ET

Victory Energy Remedies Reporting Deficiency According to Rule 6530

CARSON CITY, NV--(Marketwire - April 18, 2008) - Victory Energy Corporation (OTCBB: VYEY) announced today it has corrected a deficiency in its public reporting obligations pursuant to Rule 6530.

"We have filed an amendment to the annual report due to an oversight, on behalf of the Corporation and its auditor, concerning the date of the auditor's letter. The letter was incorrectly dated 2007; the letter has been corrected by the auditor to reflect 2008. The Corporation is now compliant with its reporting obligations pursuant to Rule 6530," stated Jon Fullenkamp, President of Victory Energy Corporation.

About Victory Energy Corporation:

Victory Energy Corporation (http://www.victoryenergyoilandgas.com) 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 www.sec.gov. 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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