Victory Mountain Ventures Ltd.
TSX VENTURE : VMV

Victory Mountain Ventures Ltd.

March 20, 2013 17:00 ET

Victory Mountain Ventures Cancels Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2013) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") reports that it is canceling the non-brokered private placement of up to 10,500,000 units for total proceeds of up to $2,500,000 previously announced November 22, 2012.

The Company also reports that it will not be proceeding with the Option Agreement with Klondike Silver Corp, previously announced January 8, 2013, to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

Charles Desjardins, President and Director

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.

"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."

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