Victory Mountain Ventures Ltd.

Victory Mountain Ventures Ltd.

May 07, 2014 09:00 ET

Victory Mountain Appoints Former Chesapeake Subsidiary President L.J. Guillotte JR to its Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2014) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") is pleased to announce the commencement of its advisory board with the appointment of L.J. Guillotte.

Joining the Advisory Board is Mr. Lester J (L.J.) Guillotte, JR. Mr. Guillotte is a well recognized Independent Oil and Gas Consultant in Houston Texas having recently served as President of Great Plains Oil Field a Subsidiary of Chesapeake Oilfield. Mr.Guillotte was responsible for overseeing water transfer and initiating the design of engineering processes for new product requirements related to the fracking process. Prior to that Mr. Guillotte was President and CEO of vMonitor, Inc., a Shell Technology Venture 1, majority owned company in Houston TX. Currently, Mr. Guillotte is the President of Moore Rod & Pipe, LLC which builds the necessary infrastructure to manufacture surface equipment and down hole tools that improve the overall run life of a well, historically challenged by advanced drilling technology used in Shale Oil and Gas. Some of LJ's awards and achievements include, being recognized in The Houston Business Journal addition August 4, 2009 for the sale of vMonitor in a down market in the O&G sector, he was awarded the Chevron Texaco 2004 award for outstanding, efficient and cost effective work with PC Pump Systems for the Campo Boscan Project, and lastly for being recognized for outstanding service by Phillips Alaska in 2001 for the Alpine Project.

L.J. Guillotte commented, "Timing could not be better for Victory Mountain to invest in the mining of Frac Sand in Canada. The US shale oil and gas has grown more than 50% since 2007 with over 50% of its production exported to Canada. Canadian gas production alone is expected to double by the year 2035. With Hydraulic Fracturing technology continuing to drive shale oil and gas completions, so will the demand for high quality frac sand increase. By networking among some of the industry producers and users of Frac Sand here in the US, we endeavor to learn from their successes and failures transferring that knowledge to VM's esteem group of managers and engineers. This will prove to be invaluable to VM shareholders as well as its customers! I look forward to contributing my technical know-how to VM's initiatives and contribute to raising funds to build a world class mining facility, delivering the highest quality Frac Sand to the Canadian market successfully!"

"We are extremely pleased to welcome Mr. Guillotte to our team," declared Patrick Morris, CEO and Director. "We believe the addition of an individual such as L.J., with his experience and connections within the oil and gas industry, particularly in the logistic side of products and technology related to frac sand transport and production, is a tremendous vote of confidence and will greatly assist us in financing and developing our projects in the near term."

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company's near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada. Currently, approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States. Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors


Patrick Morris, CEO and Director

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Contact Information