VVC Exploration Corporation: Update on Shareholders' Meeting and Acquisition of Shares of Camex

TORONTO, ONTARIO--(Marketwired - June 4, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) is pleased to announce that, further to its news releases of April 12, 2013 and May 1, 2013, it is progressing in its due diligence investigations of Camex Mining Development Group Inc. The parties are in the process of negotiating the definitive agreements pursuant to which the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence (the "Transaction").

The Transaction is set to close shortly after the upcoming Annual General and Special Meeting of Shareholders ("AGM") of shareholders of the Company. Closing of the Transaction will be subject to, among other things, the satisfactory completion of VVC's due diligence investigations and the receipt of all necessary consents and approvals, including the approval of the shareholders of both VVC and Camex and the approval of the TSX Venture Exchange.

The AGM is scheduled for 10:30 am on Tuesday, July 30, 2013 in the Toscana I Room of the Marriott Fairfield Inn & Suites - Montréal Airport, 700 Avenue Michel Jasmin, Dorval, Québec H9P 1C5. The Record Date for voting and receiving notice of the AGM has been set at June 24, 2013. The proxy material will be mailed to Shareholders on or about July 3, 2013 and will contain the details of the meeting.

The Company's Transfer Agent will be mailing proxies to the Registered Shareholders (holding physical share certificates) and a Voting Instruction Form (VIF) to the NOBO Shareholders (who have consented to having their broker release the details of their shareholdings to the Company). Shareholders will be able to vote online, by fax or by mail. The OBO Shareholders (who have requested to remain anonymous) may, at the discretion of their broker, receive a proxy or a VIF mailed by the Broker or his agent. Shareholders receiving a VIF will be required to submit their VIF in such time that it is received at least 48 hours before the meeting, and if they wish to attend the AGM and vote personally, they must appoint themselves as proxyholder. Shareholders may want to contact their broker to verify whether they are on the NOBO or OBO list and, if desired, request a change of their status before the Record Date.

About VVC Exploration Corporation

VVC is a Canadian exploration company with projects in Mexico and Canada, which include a gold prospect in Sonora State and a gold placer prospect in Sinoloa State, both 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

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (hereinafter collectively referred to as "forward-looking statements"). The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by VVC at the time of preparation, may prove to be incorrect. Forward-looking statements, including expectations with respect to closing the transaction after the upcoming AGM and obtaining the approval of the TSX Venture Exchange, are subject to certain risks and uncertainties, and actual results may differ materially from VVC's plans and expectations. These plans, expectations, risks and uncertainties are detailed from time to time in the filings made by VVC with the TSX Venture Exchange and securities regulators. VVC does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Completion of the Transaction is subject to a number of conditions, including the entering into a definitive agreement, TSX Venture Exchange acceptance and approval of the shareholders of VVC. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as to be disclosed in the Management Information Circular being prepared for mailing to shareholders, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of VVC should be considered highly speculative.

All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.