SOURCE: Victory Energy Corporation

July 07, 2008 08:00 ET

Victory Energy Reports Revenue

CARSON CITY, NV--(Marketwire - July 7, 2008) - Victory Energy Corporation (OTCBB: VYEY) announced today its fifth revenue payment from natural gas sales related to wells producing in Victory's Canyon Sandstone Gas play located in the Texas Permian Basin.

The revenue of approximately $92,170 pre-distribution represents sales of natural gas production for the month of April. The revenue is from Victory's interest in gas wells producing from the Canyon Sandstone zone. This represents an 18% increase in revenue over the previous month and includes the gas production from eight wells in the revenue cycle.

"We anticipate revenues to increase steadily as additional wells are drilled, completed, and brought online. In addition to new wells, we also expect increases in the value we receive for natural gas to boast revenues as well," stated Jon Fullenkamp, President of Victory Energy Corporation.

About Victory Energy Corporation:

Victory Energy Corporation (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.

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