Victoria Announces the Sale of the Clear Creek Exploration Property to Golden Predator

TORONTO, ONTARIO, Nov 02 (MARKET WIRE) --
Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or the "Company") is
pleased to announce as part of its ongoing non-core gold asset value
optimization program, the sale of its Clear Creek exploration property in
the Yukon Territory, Canada to Golden Predator Royalty & Development
Corp. (TSX VENTURE: GPD) ("Golden Predator") for a total consideration of
up to $1,050,000 cash, 1,050,000 shares of Golden Predator stock, plus a
work commitment of $3 million and a retained royalty.

"The sale of Clear Creek is positive for Victoria", said Chad Williams,
President, CEO, and Director. "The property has exploration promise, but
our focus in the Yukon is on the large, advanced Eagle Gold Project. The
sale of Clear Creek to Golden Predator, an entrepreneurial company
already active in gold elsewhere in the Yukon, allows Victoria to retain
a sizeable economic interest in the property."

William M. Sheriff, Chairman and CEO of Golden Predator stated: "The
acquisition of Clear Creek presents us with an important advanced
exploration project in the emerging Tintina Gold Belt, as well as the
opportunity to work with Victoria Gold, one of the leading companies in
the Yukon. We look forward to taking this established Project and
advancing it through an aggressive drill program to commence in the
second quarter of 2010."

The Clear Creek Property

Clear Creek is composed of 77 Quartz claims in the Dawson Mining District
and is 100% owned by Victoria. Clear Creek is located 110km east of
Dawson between the Little South Klondike River and Clear Creek. The
property was acquired in conjunction with Victoria's acquisition of
StrataGold Corporation that closed on June 4, 2009.

Terms of the deal

Victoria will grant to Golden Predator the exclusive option to acquire a
100% interest in the Clear Creek Project. In exchange, Victoria will
receive an initial payment of $50,000 and 300,000 common shares of Golden
Predator. Additionally, Victoria will receive a further $1.0 million cash
and 750,000 shares of Golden Predator stock over a period of 5 years.
Plus, Golden Predator must spend in aggregate $3 million in work on the
property on or before December 31, 2013.

Of the total consideration, $125,000 in cash payments, 300,000 shares and
$500,000 in exploration expenditures are firm commitments by Golden
Predator.

Victoria will retain a 3% NSR on the property which can be reduced to 2%
by Golden Predator upon payment of $1 million to Victoria.

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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