VVC Exploration Corporation

VVC Exploration Corporation

October 18, 2013 08:00 ET

VVC Announces the Issuance of Compensation Shares

TORONTO, ONTARIO--(Marketwired - Oct. 18, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) announces that the Company is issuing 1,925,000 common shares at an issue price of $0.05 per share to Directors, Officers and their support personnel (the "Recipients") as a one-time compensation for current and past services rendered (the "Transaction"). The Board determined that the Recipients have not been properly compensated for such services rendered to the Company, such as participation in board of directors meetings, participation in audit committee and steering committee meetings, review, analysis, opinion, and assistance on geological, accounting, financial and daily matters of the Company. In order to preserve and maintain the liquidity of the Company, the Recipients elected to receive shares in lieu of cash.

The particulars of this transaction were described in the Information Circular dated July 2nd, 2013 for the Annual General and Special Meeting of Shareholder (the "AGSM") of the Company held on July 30th, 2013. The Information Circular is available for downloading from www.sedar.com. The Transaction was approved by 99.68% of the disinterested shareholders of the Company present at the AGSM, with the votes attached to the common shares owned by any of the Recipients counted as an abstention.

About VVC Exploration Corporation

VVC is a Canadian exploration company with projects in Mexico and Canada, which include a gold prospect in Sonora State, a gold placer prospect in Sinoloa State, a copper prospect in Chihuahua State, and a gold-silver prospect in Sonora State, all in Mexico. The Company also has grass-roots gold prospects in the Timmins area of northern Ontario. In addition, VVC is aggressively searching for other projects - especially precious minerals and base metals at various stages of development in North America, mainly in Mexico, Québec and Ontario.

On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer

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

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