VICTORY CAPITAL AND ACAPULCO GOLD ANNOUNCE PASSING OF DAVID JONES, DIRECTOR OF ACAPUCLO GOLD

TORONTO, Jan. 25, 2022 /CNW/ - Victory Capital Corp. (TSXV: VIC.P) (the "Company" or "Victory"), announces with great sadness the passing of David Jones, co-founder of Acapulco Gold Corp. ("Acapulco"), the target company of the proposed qualifying transaction with the Company (the "Transaction"), and a proposed director and member of the geological team of the anticipated listed issuer. 

The Company's and Acapulco's thoughts are with David's family at this difficult time.

Further to the Company's news releases dated, February 8, 2021, August 6, 2021, October 14 2021, November 9, 2021, and December 9, 2021 with respect to the Transaction, Acapulco and Victory expect to constructively work with David's estate towards the completion of the proposed Transaction.

About Victory Capital Corp.

Victory is a capital pool company created pursuant to the policies of the Exchange. It does not own any assets, other than cash or cash equivalents and its rights under the merger agreement for the Proposed Transaction. The principal business of Victory is to identify and evaluate opportunities  for  the  acquisition  of  an  interest  in  assets  or  businesses  and,  once  identified  and  evaluated,  to negotiate an acquisition or participation subject to acceptance by the Exchange so as to complete a Qualifying Transaction in accordance with the policies of the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS:

Zelong (Roger) He 
Chief Executive Officer
Email:    [e-mail]

Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the expectation of the completion of the proposed reverse takeover transaction. Forward-looking statements are based on estimates and assumptions made by Victory in light of its experience and perception of current and expected future developments, as well as other factors that Victory believes are appropriate in the circumstances. Many factors could cause Victory's results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: failure to receive all the necessary approvals to completed the proposed transaction. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable securities legislation.

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 press release.

SOURCE Victory Capital Corp.

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