Victory Gold Grants Options

Victory Gold Mines Inc. (CNSX:VGO)(MUN:1VG) announces that the Board of
Directors has, subject to regulatory approval, granted stock options to
directors, officers and consultants exercisable at $0.20 per option for up to
five years to acquire up to an aggregate of 875,000 common shares of the company
under the stock option plan.


Victory Gold Mines Inc. is exploring and expanding a former producing gold
deposit situated between two producing gold mines in the Timmins Gold District.


Please visit www.victorygoldmines.com for additional information. 

Certain statements contained in this news release constitute "forward looking
statements". These statements are based on current expectations of management,
however are subject to known and unknown risks, and other factors that may cause
actual results to differ materially from the forward-looking statements in this
news release. Readers are cautioned not to place undue reliance on these
statements. The company does not undertake any obligation to revise or update
any forward-looking statements as a result of new information, future events or
otherwise after the date hereof, except as required by securities laws.


Shares Outstanding: 40,743,098