Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) announces that it has arranged
a non-brokered private placement of up to 10,500,000 units for total proceeds of
up to $2,500,000, subject to the approval of the TSX Venture Exchange. 


Up to 2,500,000 units will be issued as non flow-through units at a price of
$0.20 per unit consisting of one common share and one whole warrant. Each whole
warrant will entitle the holder to purchase one additional common share of the
Company at a price of $0.25 per share for eighteen (18) months from the date of
closing. 


Up to 8,000,000 units will be issued as flow-through units at a price of $0.25
per unit consisting of one common share and one half of one warrant. Each whole
warrant will entitle the holder to purchase one additional common share of the
Company at a price of $0.30 per share for eighteen (18) months from the date of
closing.


The proceeds of the private placement will be used for exploration and general
working capital. Finder's fees, as allowed pursuant to the policies of the TSX
Venture Exchange, may be payable in connection with the offering.


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company
based in Western Canada. The Company has interests in Copper, Gold, Silver,
Molybdenum and other base metals in Canada.


On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. The
production rate and mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations will be
economically viable. By their nature, forward looking statements involve risk
and uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures are based upon
actual production or formation tests and can be shown to be economically and
legally producible under existing economic and operating conditions. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Victory Mountain Ventures Ltd.
Charles Desjardins
(604) 683 5445
(604) 687 9631 (FAX)
info@northamericangem.com
www.northamericangem.com