Victory Mountain Ventures Cancels Private Placement

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") reports that it is
canceling the non-brokered private placement of up to 10,500,000 units for total
proceeds of up to $2,500,000 previously announced November 22, 2012.


The Company also reports that it will not be proceeding with the Option
Agreement with Klondike Silver Corp, previously announced January 8, 2013, to
option a portion of the Silver Slocan Mining Camp located in south eastern
British Columbia.


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)
[e-mail]
www.victorymv.com