Victory Ventures to Drill the Copau Property, Iskut District, BC

Thu Feb 7, 2013 3:01am EST

* Reuters is not responsible for the content in this press release.

  VANCOUVER, BRITISH COLUMBIA, Feb 07 (MARKET WIRE) --
Victory Ventures Inc. (the "Company) (TSX VENTURE:VVN)(FRANKFURT:VV0) is
pleased to report that it has received final government permits for its
planned diamond drilling program on the Copau property, located in the
Iskut District of northern British Columbia.  The Company is exploring
for copper-gold porphyry mineralization, similar to that found at
Imperial Metals Corporation - Red Chris copper-gold porphyry deposit,
currently moving towards mineral production by 2014. Victory Ventures'
Copau property is located approximately 11.5 kilometers northeast of the
Red Chris deposit.

    The drill program on the Copau property is to be carried out by mid-2013,
to test a prospective IP chargeability anomaly, as discovered by survey
work carried out on the property by Frontier Geosciences Inc. in 2012. A
chargeability anomaly, increasing in strength with depth, was detected at
155 m to 455 m depth against a background of overall lower resistivities.
Between 205 metres to 455 metres chargeabilty measurements varied from
20-40 ms (milliseconds) at 205 metres depth to 70 to 100 ms at 455 metres
depth. 

    The newly defined deep IP chargeability anomaly forms a pattern similar
to the chargeability anomalies identified at Red Chris, 11.5 kilometers
to the southwest, where the bulk of the mineralization is hosted in the
deeper, stronger southern chargeability anomaly.

    On the Copau Property, the main zone of anomalous chargeability is of
indeterminate size as it lies open to the south and west of the currently
surveyed grid area. The presently known anomaly covers an area of at
least 600 m long on a north-south axis and approximately 200 metres to
400 metres wide in an east-west direction. Furthermore, the increased
chargeability likely results from increasing sulphide content within the
interpreted southwest dipping syenite body, possibly accompanied by
higher sulphide content resulting from hydrothermal activity.

    Although there is little rock outcrop present on the Copau property,
several occurrences of sulphide mineralization have been located on the
property, including pyrite, chalcopyrite as well as magnetite hosted in a
syenite host rock, which is known to underlie the central part of the
property. Mineralization was first discovered on the property area in
1994 during a regional mapping program by the BC Geological Survey. The
showing was designated B-31, with one sample assaying 0.34% copper. 

    The Copau property is located in the northern end of the prolific "Golden
Triangle", an area well known for its potential to host world-class
copper-gold porphyry deposits. The main driver for exploration in this
region is the Red Chris development project, which lies 11.5 kilometres
southwest of the Copau property.

    The Red Chris Mine, with planned production of 30,000 tonnes per day,
will be in production by 2014 in conjunction with the completion of the
Northwest Transmission Line. Red Chris currently has proven plus probable
reserves of 301.55 Mt with an average grade of 0.359% copper and 0.274
g/t gold. 

    Other companies carrying out active porphyry deposit exploration in the
immediate area include West Cirque Resources on the Castle Property,
located 25 km northwest of the Red Chris deposit. Also active in the area
is Teck Resources Ltd., carrying out an extensive exploration program on
their GJ (Kiniskan) property located 20 kilometers west of Red Chris. 

    Colorado Resources Ltd. is working on its Eldorado property, located 7
kilometers north of Red Chris, where plans are in place to drill test
newly discovered deep IP chargeability anomalies. 

    On behalf of the Board of Directors: 

    Howard Milne, Director 

    Victory Ventures Inc. is a Canadian-based junior mining exploration
company focused on the procurement, exploration and development of
precious metal properties in North America. The Company's Shares are
listed and posted for trading on the TSX Venture Exchange under the
symbol "VVN" and on the Frankfurt Exchange under the symbol "VV0".

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Victory Ventures Inc.
(604) 377-8994
hdmcap@shaw.ca
www.victoryventures.ca

Copyright 2013, Market Wire, All rights reserved.

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