Victory Mountain Ventures Closes Private Placement

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) announces that it has closed
the second and final tranche of a non-brokered private placement originally
announced July 30, 2012. The Company had previously announced on September 5,
2012 that it had closed the first tranche consisting of 3,340,000 units at a
price of $0.15 for total proceeds of $501,000.


In the second and final tranche, the Company issued 400,000 non-flow through
units at a price of $0.15 per unit for total proceeds of $60,000. Each unit
consists of one common share and one share purchase warrant which entitles the
holder to purchase one additional common share of the company at a price of
$0.22 per share until November 15, 2014.


Shares, warrants and any shares issued upon exercise of the warrants are subject
to a hold period of four months expiring March 16, 2013. The proceeds of the
private placement will be used for general working capital.


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