Victoria Announces That Drilling at Summit Gold Project Is Underway

TORONTO, ONTARIO, Oct 29 (MARKET WIRE) --
Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or the "Company") is
pleased to announce that core drilling is underway at its 100% controlled
Summit Gold Project. The first diamond drill hole, PS-1 was recently
completed to a depth of 529 m while the second hole, PS-2 was started
this week.

"We are excited to be starting our first ever drill program at Summit",
said Chad Williams, President, CEO, and Director. "We used the same
exploration techniques that have been very successful for Victoria to
vector-in on the areas of highest potential at Summit."

The Summit Property

The Summit property is located 35 km east of Gabbs, in Nye County,
Nevada, about 40 km west-northwest of the Round Mountain Mine and about
240 km south of Victoria's Cove Gold Project. The property is comprised
of 26 unpatented mining claims originally held by Taminco, plus 249
unpatented claims staked by Victoria, all of which are now held under
contract with Taminco Inc., the underlying claim holder. Victoria has
exercised its right to purchase the Summit property from Taminco Inc. and
will own 100% of the property once the final installment payment,
scheduled for 2013, has been made. Taminco Inc. will retain a 3.5% Net
Smelter Royalty from the property.

Centered within the Summit property is a Carlin-type gold system. A small
part of this mineralized area hosted the site of over 120 holes drilled
by previous operators to an average depth of 95 m. About 70 of these
holes were drilled in a smaller area containing higher-grades of gold,
which produced about 8,800 ounces at a grade of 8.22 g/t in open pit
mining in 1988 and 1989. Many of the shallow, mostly vertical reverse
circulation drill holes ended in strongly altered and dolomitized rocks
containing anomalous gold grades within Triassic carbonate and
carbonate-rich sediments. Gold mineralization is also known to occur in
volcanic sediments at the base of the volcanic rocks. This historical
data was used by Victoria in the decision to conduct further work at
Summit. Further background on the Summit property can be found at
www.vitgoldcorp.com.

Victoria's Exploration Rationale at Summit

Victoria has completed a Structural Systematics mapping campaign and has
delineated several targets for drilling. The first of these targets will
be drilled in a three-hole array. This array will first test the
intersection of steeply to shallowly plunging intersection zones of NW,
WNW, and N-S structural orientation. Victoria is focused on expanding the
potential of the gold mineralized area that covers a minimum 1,000 m by
700 m zone characterized by outcropping hydrothermal dolomite. This
alteration/mineralization is thought to extend further under the
volcanics, and drilling is designed to test mineralized rocks under these
volcanic rocks and to extend the gold system laterally, as well as to
depth.

The technical contents in this press release were reviewed by Nancy J.
Wolverson, Independent Consulting Geologist. Ms. Wolverson is a Certified
Professional Geologist (C.P. Geo.) through the American Institute of
Professional Geologists (AIPG) and is a Qualified Person as defined in
National Instrument 43-101. Dr. Raul Madrid, Vice President, Exploration
of the Company, directs the drilling and logging procedures and is
responsible for the geologic interpretation.

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

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