Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") is pleased to
announce the completion of the phase one summary report on the Ells River Frac
Sand Property, North Eastern Alberta. The office-based stratigraphic compilation
and three-dimensional modelling study confirmed that large volumes of
near-surface Pelican Formation clean sandstone are present at the Ells River
Property, and provides a positive and informative basis to initiate phase two
field studies and proppant test work.


Victory Mountain Ventures Ltd.'s Ells River Property, which is located in
northeastern Alberta approximately 50 km west of the hamlet of Fort McKay and 75
km northwest of the city of Fort McMurray, comprises eight contiguous Alberta
Metallic and Industrial Mineral Permits totaling 73,728 hectares (737square
kilometres). Victory recently engaged APEX Geoscience Ltd. (APEX) of Edmonton,
Alberta to provide a compilation and summary report for the Ells River Property
focused on the potential for the Property to host a "Frac Sand" deposit. The
current program at the Ells River Property represents grassroots exploration
focused on frac sand, or proppant, which is used to harvest vast amounts of
formerly inaccessible hydrocarbons in a number of geological settings across
Western Canada through a hydraulic fracking process that liberates tight gas and
petroleum. The most common proppant used to prop open the hydraulic fracture is
a specific type of clean, pure silica sand that is durable, rounded and has
crush-resistant properties. APEX has extensive experience in three dimensional
resource modelling of metallic and industrial mineral deposits and in the
geology and hydrocarbon deposits of Northeast Alberta.


The focus of Victory's exploration is the Lower Cretaceous (Upper Albian)
Pelican Formation which consists of a coarsening upward succession of fine- to
medium-grained, quartzose sandstone with siltstone, noncalcareous mudstone,
pebbly sandstone and conglomerate interbeds. The Pelican Formation is generally
poorly cemented and friable, and is composed of well-sorted, subrounded quartz
sandstone typical of deposition in a shoreline environment. At its type locality
(Township 97, Range 17, West of the 4th Meridian), the formation is described as
a "conspicuous white sandstone about 12 m thick and a potential source of silica
sand" (McLaws, 1980).


A preliminary review of well cutting samples from wells within the Ells River
Property, which are archived at the Alberta Energy Regulator Core Research
Centre in Calgary, Alberta, has provided confirmation that the Pelican Formation
contains some silica-rich sand horizons that are considered prospective for
"Frac Sand". These sand horizons were observed to contain greater than 90%
quartz, with significant portions of the sands meeting the desired US sieve size
of 20 - 40 mesh, with sand grains greater than 0.42 mm and up to 1.68 mm. The
sand grains also contain a significant proportion of the 20 - 40 fraction that
meets the required sphericity and roundness desired for "Frac Sand". Because of
the size of the cutting samples available for review, no acid solubility or
crush-resistance tests were performed. In addition, some of the sand horizons
were observed to be on the order of 65% to 90% quartz with the other sand grains
comprised of lithic (e.g., shale) fragments or oxide minerals. These sand
horizons may or may not be suitable for use as "Frac Sand".


The Ells River Property has seen extensive drilling over the last decade for
buried oil sands deposits. A total of 365 wells have been drilled to date on the
Property, with the vast majority of them with downhole geophysical logs. A
subset of 157 wells was selected for stratigraphic evaluation and compilation in
the search for potential near surface Pelican Formation quartz-rich sand
horizons. The subset well dataset has an aerial extent of approximately 550
square kilometres and covers a large portion of the Ells River Property. The
downhole geophysical logs were reviewed and re-interpreted for certain formation
tops in order to create a series of 22 cross sections that were orientated
northwest to southeast perpendicular to the regional geology. In addition,
geophysical signatures characteristic of clean silica sand within the Pelican
Formation were catalogued and mapped. The downhole data was then modelled in
three dimensions in Micromine with a focus on modeling the Pelican Formation and
the potential clean silica sand horizons within it. 


The model of the Pelican Formation and its contained clean silica sand horizons
constructed as part of the Phase One Stratigraphic Compilation and Modelling
study is considered preliminary in nature. The three-dimensional model was used
to create 'preliminary' volume estimates for the Pelican Formation and potential
clean silica sand horizons within it. The volumes are 'preliminary' and are not
to be construed as a National Instrument (NI) 43-101 compliant mineral resource
nor should they be relied upon as such; that is, they have not been 'estimated
using the CIM "Estimation of Mineral Resources and Mineral Reserves Best
Practice Guidelines". The 'preliminary' volumes are provided to show the
potential volume of clean Pelican Formation silica sand that could exist on the
Ells River Property as part of mapping out the depositional environment and
target delineation for follow-up "Frac Sand" exploration. The three dimensional
model of clean silica sand horizons within the Pelican Formation that is beneath
less than 5 m of overburden and is within less than 25 m from surface, comprises
a volume of roughly 4.4 billion m3 of potential Pelican sand. Victory has not
completed any drilling or test pitting targeting the near surface Pelican sands
nor has any laboratory work been completed to assess the quality and extent of
clean silica sands within the Pelican sandstone at the Ells River Property. The
volume estimate is preliminary in nature, is based upon a significant number of
oil sands wells and associated downhole geophysical logs, but is not to be
construed as a mineral resource and should not be relied upon. Rather the extent
and characteristics of the Pelican sandstone as defined in the Summary Report
provide some indication of the depositional environment and confidence to
initiate phase two field studies and proppant test work. Significantly, the
modelling has shown the potential for a northwest-trending 'trough or channel'
of thicker Pelican sand that extends through the Ells River Property and will be
a follow-up target for "Frac Sand" exploration.


Fieldwork is now required to confirm the results of the Phase One Stratigraphic
Compilation and Modelling study and verify the existence, extent and quality of
the Pelican Formation and the contained clean silica sand horizons within it. In
addition, laboratory test work is required to evaluate the Pelican sand as a
potential source of proppant for hydraulic fracking. If field and laboratory
proppant test work during the 2014 is successful in identifying portions of the
Pelican sands that have the required characteristics for use as "Frac Sand",
then the Pelican sand at the Ells River Property could develop into a
significant source of proppant material for the expanding hydraulic fracturing
market in western Canada. 


CEO and Director Patrick Morris also commented: "We are pleased with the work
that the team at APEX Geoscience has done to date. The report and volume
estimate on the Ells River Property are another indication of the economic value
that we can garner in the Frac Sand space in Canada to eventually create cash
flow for the company. Our next milestone on the property is to confirm the sands
API quality standards through a series of lab work testing for size, sphericity,
turbidity, acid solubility and crush resistance."


All 2014 field and office exploration programs are conducted under the
supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a Principal of APEX
Geoscience Ltd. and a Qualified Person under National Instrument 43-101.


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company
based in Western Canada. The Company's near term focus is to acquire, develop
and measure known silica deposits suitable for production of high quality frac
sand in Western Canada. Currently, approximately 90% of frac sand used in the
Canadian oil and gas industry is imported from the Midwestern United States.
Victory Mountain aims to provide a domestic supply of frac sand to the
relatively new shale gas industry locally. The Company also has interests in
Copper, Gold, Silver, Molybdenum and other base metals in Canada.


On Behalf of the Board of Directors 

VICTORY MOUNTAIN VENTURES LTD. 

Patrick Morris, CEO and Director

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


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.
Patrick Morris
CEO and Director
604-683-5445
info@victorymv.com
www.victorymv.com