Victory Mountain Closes First Tranche of Private Placement and Plans Exploration

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") announces that it
has closed the first tranche of the non-brokered private placement previously
announced February 18th 2014.


A total of 2,850,000 units will be issued as non flow-through units at a price
of $0.05 per unit for total proceeds of $142,500. Each unit will consist of one
common share and one half of one share purchase warrant. Each whole warrant will
entitle the holder to purchase one additional common share of the Company at a
price of $0.10 per share for 18 months from the date of closing. 


Shares, warrants and any shares issued upon exercise of the warrants are subject
to a hold period of four months expiring August 2, 2014. The proceeds of the
private placement will be used for planning and preparation of an exploration
program on the Company's frac sand project and general working capital.


The following insiders participated in the private placement: Doug McFaul
200,000 units, Gordon Jang 300,000 units and Patrick Morris 300,000 units.


Finders Fee: Canaccord Genity Corp. - $1,000 cash and 20,000 Broker warrants and
Haywood Securities Inc. - $4,000 cash and 80,000 Broker warrants. Each Broker
Warrant is convertible into non-flow through units of the Company at an exercise
price of $0.05 until expiration on October 1, 2015. Each unit comprises one
share and one half of one share purchase warrant Each whole warrant will entitle
the holder to purchase one additional common share of the Company at a price of
$0.10 per share for 18 months from the date of closing.


The company would also like to announce that it has assembled an experienced
geological team to conduct an initial two phase exploration program on its
Silica / Frac Sand property in Alberta. Apex Geoscience Ltd, based in Edmonton
Alberta, has extensive experience in the Western Canadian Sedimentary Basin
(WCSB) including Oil and Gas, sand and gravel, crushed rock aggregate, oil sands
and has a solid working knowledge of Alberta Government regulatory policies,
including exploration permitting, assessment reporting and ongoing
relationships.


Michael Dufresne, Consulting Geologist and President of Apex Geoscience
commented: "The initial phase of exploration will revolve around compiling the
abundant oil and gas information for the property and constructing a 3D model of
potential clean silica-rich sands for certain target areas into a volume
estimate for the Pelican Formation over the next couple of months. The second
phase of work, which will be field based, could commence as early as May - June
and will involve mapping, sampling and either drill testing or trenching in
order to progress to a NI 43-101 compliant resource estimate late this year or
early next year."


Director Patrick Morris commented: "We are very pleased to have Michael and his
team at Apex initiate the first two phases of geological exploration at Ells
River. This first timeline of work and expenditures confirms just how quickly
and economically, relative to traditional mining exploration, we can reach our
first major milestone of a 43-101 compliant resource estimate at Ells River."


The content of this news release and the Company's technical disclosure has been
reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the
Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects.


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company
based in Western Canada. The Company has interests in Silica (Frac Sand),
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

"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.
Charles Desjardins
President and Director
604-683-5445
[e-mail]