VVC Exploration Corporation
TSX VENTURE : VVC
FRANKFURT : V7S

VVC Exploration Corporation

April 13, 2011 13:20 ET

VVC Exploration Closes a Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - April 13, 2011) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC)(FRANKFURT:V7S) ("VVC" or the "Company") announces having closed a brokered private placement at 7¢ per unit amounting to CA$770,000 for 11,000,000 units. Each unit comprises one common share and one share-purchase warrant to purchase an additional share at $0.12 until April 11th, 2012. The net proceeds after will be used for working capital, retiring accounts payables, Property options payments, exploration expenditures on Company's properties in Mexico and in Canada. The shares will be subject to resale restrictions for four months until August 12th, 2011. The Private Placement has been conditionally accepted for filing by the TSX Venture Exchange.

Palos Merchant Bank L.P. ("Palos"), acting through its sole general partner, Palos Management Inc., of Montreal, Quebec, acted as agent and received a commission equal to $47,950 plus applicable taxes, of which $9,450 was paid in cash and the balance settled by the issuance of an additional 550,000 common shares of the Company.

"We are very pleased with the performance of Palos and its sales team, who were successful in rapidly raising the $770,000" said Daniel Grenier, CEO of the Company. "This financing ensures the Company's ability to maintain its main Cumeral Property in Mexico and look for more opportunities in Mexico."

About VVC:

VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes gold prospects in Sonora and Sinaloa, a gold-silver prospect in northern Durango, and a silver/lead/zinc prospect in Chihuahua State, all in Mexico, and grass-roots gold properties in the Timmins area of northern Ontario and in the Beauce-Bellechasse area of southern Quebec. VVC is also aggressively searching for other projects – mainly precious minerals and base metals at various stages of development in North America, with an emphasis on gold and silver in Mexico.

On Behalf of the board of Directors

Michel J. Lafrance, Secretary-Treasurer

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fund raising by public companies. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSXV nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

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