Victory Mountain Ventures Ltd.

Victory Mountain Ventures Ltd.

April 07, 2014 15:23 ET

Victory Mountain Appoints Morris to CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 7, 2014) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") is pleased to announce that Patrick Morris has been appointed CEO of Victory Mountain Ventures.

Mr. Morris, 44, is President of Vimoris Ventures Inc., a company which provides management consulting, corporate finance and business development services to public and private Mining and Oil and Gas exploration companies. Mr. Morris has served on the board and managed several exploration companies from incorporation to listing on the TSX Venture Exchange. Mr. Morris has also enjoyed success in the field of marketing as a specialist in financial programming and advertising for public companies in the media.

Morris commented: "We will continue to position Victory Mountain as one of Canada's first publicly traded developers of quality frac sand. The Shale gas industry in Western Canada is just getting started and we want our shareholders to benefit from this key ingredient in the energy services sector. We will also continue our search for near term production assets and world class technical advisory board members. 90% of frac sand in Canada comes from thousands of kilometers away. Our goal is to provide a more cost effective domestic supply of high quality sand to our local Oil and Gas Producers."

Charles Desjardins will remain as President and a director of the Company. The Company further announces that pursuant to its stock option plan, it has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 300,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.08 per share.

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), 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.

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