Victory Energy Hires New CFO

Victory Energy Corporation, (OTCQX: VYEY) ("Victory" or "the Company") a rapidly
growing, Permian Basin focused oil and gas company, today announced that Fred
Smith will become the Company's new Chief Financial Officer and Controller
effective June 2, 2014. Current Controller Luther Poehlmann is retiring to spend
more time with his family, but will remain with the Company to ensure a
successful transition. 


"On behalf of the board and senior management team, I would like to welcome Fred
to Victory Energy" said Kenny Hill, Victory's CEO. "Fred's extensive public
company financial and operational expertise in the upstream oil and gas sector
is exactly what we need at this time to assist with our growth through
acquisitions and drilling. He has implemented and managed financial reporting
for other Permian Basin focused public companies that are the size we hope to be
in coming years. Our ability to attract a seasoned executive of Fred's caliber
is further testament to the strong relationships we have in industry and the
exciting future ahead for our company." 


Mr. Smith has over 36 years of financial, compliance and operational reporting
experience, including internal controls and SOX compliance. Prior to joining
Victory, Fred was Corporate Controller of Pioneer Natural Resources (a NYSE/S&P
500 company) from 2008 to 2012. He was responsible for financial reporting,
capital and operating expense reporting and application process controls. He
then briefly worked as Senior Vice President and Chief Accounting Officer of
Magnum Hunter Resources and has been working as an independent consultant since
2013. Fred has worked for variety of energy companies during his career ranging
from small privately held to major upstream entities. Fred has a B.S. in
Accounting from the University of New Orleans and is a CPA - having worked for
Ernst & Young as a senior auditor from 1974 to 1978. 


About Victory Energy 

Victory Energy Corporation (OTCQX: VYEY), based in Austin, Texas with additional
resources in Midland is a high growth oil and gas Exploration and Production
(E&P) company whose is focused on creating shareholder value through the
acquisition and development of assets in the World Class Permian Basin. The
company currently holds interests in the Permian where its targets are high
profile plays such as the Wolfcamp, Mississippian and Fusselman formations. The
company is growing cash-flows through sustainable low-risk vertical well
development on existing properties and new acquisitions which offer repeatable
and highly profitable results. The Company achieves these results by targeting
predictable resources plays, favorable operating environments and consistent
reservoir quality across multiple target horizons with long-lived reserve
characteristics. For additional information on the company, please visit
www.vyey.com. 


Safe Harbor Statement 

This press release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that address
activities, events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking statements.
These statements are based on certain assumptions made by the Company based on
management's experience, perception of historical trends and technical analyses,
current conditions, anticipated future developments and other factors believed
to be appropriate and reasonable by management. When used in this press release,
the words "will", "potential", "believe", "estimated", "intend", "expect",
"may", "should", "anticipate", "could", "plan", "project", or their negatives,
other similar expressions or the statements that include those words, are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Among these
forward-looking statements are statements regarding EURs, estimated BOE,
estimated future gross undiscounted cash flow and estimated drilling and
completion costs. Such forward-looking statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of
the Company, which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements, including but not
limited to, changes to drilling plans and schedules by the operators of
prospects, overruns in costs of operations, hazards, delays, and any other
difficulties related to drilling for and producing oil or gas, the price of oil,
NGLs, and gas, results of marketing and sales of produced oil and gas, estimates
made in evaluating reserves, competition, general economic conditions and the
ability to manage and continue growth, and other factors described in the
Company Annual Report on Form 10-K/A for the fiscal year ended December 31,
2011, December 31, 2012 and any updates to those risk factors set forth in the
Company's Quarterly Reports on Form 10-Q. Further information on such
assumptions, risks and uncertainties is available in the Company's other filings
with the Securities and Exchange Commission ("SEC") that are available on the
SEC's website at www.sec.gov, and on the Company's website. Any forward-looking
statement speaks only as of the date on which such statement is made and the
Company undertakes no obligation to correct or update any forward-looking
statement, whether as a result of new information, future events or otherwise,
except as required by applicable law. 



FOR FURTHER INFORMATION PLEASE CONTACT: 

Contact: 

Investor Relations 
Derek Gradwell
MZ Group
SVP Natural Resources
Phone: [phone]
Email: [e-mail] 
Web: www.mzgroup.us