Victory Mountain Ventures Announces Private Placement and Director

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


Up to 10,000,000 units will be issued as non flow-through units at a price of
$0.05 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 $0.10 per share for eighteen (18) months from the date
of closing.


The proceeds of the private placement will be used to pursue opportunities to
enhance shareholder value and for 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.


The Company also announces that Mr. Patrick Morris will be joining the board of
directors. Mr. Morris 44, is President of Vimoris Ventures Inc., a company which
provides management consulting, corporate finance and business development
services to public and private companies. Mr. Morris has served on the board and
managed several exploration companies from incorporation to listing on the TSX
Venture Exchange. Mr. Morris has also enjoyed success in the field of marketing
as a specialist in financial programming and advertising for public companies in
the media.


The Company further announces that pursuant to its stock option plan, it has
granted incentive stock options to its directors, officers, consultants, and
employees to purchase in the total of 250,000 common shares in the capital stock
of the company, subject to regulatory approval, exercisable for a period of five
years, at a price of $0.05per share.


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

"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
604-683-5445
604-687-9631 (FAX)
[e-mail]
www.victorymv.com