Victory Energy Reports Production Results

CARSON CITY, NV announced today completion results of the first well the Corporation drilled on the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas.

The work-over unit crew reports the well has excellent backside pressure of 500 psi and productive tubing pressure of 300 psi after preliminary swabs were pulled from the well. The tubing pressure buildup overnight provides strong indications the well is commercially productive in the average range of Canyon Sandstone gas wells whose initial production is 250,000 cubic feet of gas per day.

"We project to have flow test results run by Fesco on February 22, after they complete a single point flow test on the well. Every key indicator shows this well to be as substantial as the other producing wells on the Adams-Baggett Ranch. We are encouraged by the results of our drilling and production program, as this is a strategic step in the growth and long-term development of shareholder value," stated Jon Fullenkamp, President of Victory Energy Corporation.

About Victory Energy Corporation:

Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.

For information, please contact: Corporate Communications 1-702-989-9735

Victory Oilfield Tech (CE) (USOTC:VYEY)
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