Acquisition by Victoria Gold Corp. Approved by Shareholders of StrataGold Corporation

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Wed May 27, 2009 5:06pm EDT

  TORONTO, ONTARIO, May 27 (MARKET WIRE) -- 
Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or "the Company") is
pleased to announce that 95.97% of the shares of StrataGold Corporation
("StrataGold"), voted at the special meeting of the shareholders of
StrataGold held in Vancouver on May 26, 2009, representing well over the
required two-thirds, voted in favor of the acquisition of StrataGold by
Victoria (the "Acquisition").

    Mr. Chad Williams, President, CEO, and a Director of Victoria said "The
acquisition of StrataGold is an important and positive milestone for
Victoria for the following reasons:

    - Increases Victoria's total National Instrument 43-101 ("NI 43-101")
gold resources from 1.2 million ounces to 4.4 million ounces with just
17% equity dilution reflecting an acquisition cost of under $3 per gold
ounce per share at a time when the gold price is nearing all-time highs,

    - Provides Victoria with control of StrataGold's gold project portfolio
that has substantial exploration and possible mine development growth
potential, much of which is located in lower-risk jurisdictions,

    - Adds gold assets to which Victoria will use its proven exploration and
mine development expertise to add value per share."

    Deal Rationale

    Victoria prudently selected StrataGold as an acquisition candidate
amongst a large group of available growth opportunities principally
because of StrataGold's advanced-stage Eagle Zone Deposit comprising a
part of the Dublin Gulch land package in the Yukon, which hosts an NI
43-101 Indicated Resource of 2.7 million ounces of gold (98,584,000
tonnes) grading 0.849 grams per tonne (g/t). The Eagle Zone Deposit has
numerous favorable features such as a high-category gold resource, road
accessibility, low strip ratio, attractive metallurgical characteristics
and nearby hydro-electric power. The deposit shares many geological
similarities to Kinross Gold Corporation's ("Kinross") Ft. Knox Gold Mine
in Alaska. Kinross is Victoria's largest shareholder and will hold
approximately 21% of the Company's outstanding common shares, pro-forma
the StrataGold transaction.

    StrataGold also has interests in many promising properties in Guyana. The
wholly-owned Tassawini Deposit hosts a near-surface NI 43-101 resource of
436,600 ounces of gold (10,766,000 tonnes) grading 1.3 g/t gold. In
addition, StrataGold and Newmont Overseas Exploration Limited, a
subsidiary of Newmont Mining Corporation (NYSE: NEM), continue to jointly
explore what is the dominant land position in Northwestern Guyana as part
of the BRL Venture. Newmont Mining Corporation ("Newmont") was
StrataGold's largest shareholder with a approximately 15% ownership
position. Newmont voted in favor of the Victoria acquisition of
StrataGold. Victoria welcomes Newmont as a significant shareholder.

    Victoria also welcomes Leendert G. Krol as a new Director of Victoria,
subject to approval at the Company's next shareholder meeting. Mr. Krol
is an independent consultant with 40 years of diversified experience in
the mining industry, including 15 years in the gold mining industry with
Newmont. Mr. Krol has been responsible for exploration projects in
Tanzania, Uganda, South Africa, Botswana, Angola, Guinea, Peru, Chile,
Ecuador, Brazil, Guyana, Paraguay, Mexico, Canada, USA, Indonesia,
Kazakhstan, Kyrgyzstan, and Uzbekistan. In addition to exploration, 4
years were spent with Newmont operations in Nevada with positions in
investor and public relations and metallurgical services. In his last 9
years with Newmont, Mr. Krol was responsible for all international
exploration, initially as director and between 1994 and 2001 as Vice
President. Since his retirement from Newmont, Mr. Krol joined the Board
of Directors of Romarco Minerals Inc. and Brazauro Resources Corp.

    Victoria's Strategy

    The Company's top priority is to expeditiously advance the Eagle Zone
Deposit and Cove Project located in Nevada towards gold production in a
cost-effective manner.

    In addition, Victoria aims to continue exploring its portfolio of
promising Nevada gold projects such as Mill Canyon, Santa Fe, and Big
Springs.

    The Company will also seek to advance the balance of its property
holdings through funding agreements with top caliber arms-length groups
such that Victoria maintains considerable upside in the growth of those
assets.

    Cove Update

    Drill hole NW-15 was recently completed successfully, ahead of schedule
and below budget. Assays are expected over the next several weeks. The
Company will continue to evaluate the merit of driving an adit (tunnel)
into the Helen Zone to facilitate underground exploration drilling to
further expand the zone. Drilling from underground is expected to be
faster, less expensive and more precise than drilling from surface.

    Other News

    As previously reported on May 5, 2009, the Company has issued 200,000
common shares to a consultant as payment for services rendered. The
common shares of Victoria issued pursuant to such arrangement will be
subject to a hold period until September 14, 2009.

    About Victoria

    Victoria is a high growth gold company with a focus on adding value per
share through efficient exploration, project development, accretive
acquisitions and effective marketing. Maintaining a low risk profile
through project diversification, sound financial management, and
operating in secure jurisdictions are key priorities for Victoria's
management team.

    On Behalf of Victoria Gold Corp.

    Chad Williams, P. Eng, CEO, President & Director

    Cautionary Language and Forward-Looking Statements

    This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this discussion, other
than statements of historical facts, that address future exploration
drilling, exploration activities and events or developments that the
Company expects, are forward looking statements. Although the Company
believes the expectations expressed in such forward looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include metal prices, exploration successes, continued
availability of capital and financing, and general economic, market or
business conditions. Accordingly, readers should not place undue reliance
on forward-looking statements.

    This news release and the information contained herein does not
constitute an offer of securities for sale in the United States and
securities may not be offered or sold in the United States absent
registration or exemption from registration.

Contacts:
Victoria Gold Corp.
Chad Williams
President & CEO
416-866-8800 ext 230
cwilliams@vitgoldcorp.com

Copyright 2009, Market Wire, All rights reserved.

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