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Victoria Gold Corporation

Published : January 08th, 2009

Appoints John McConnell as Executive Vice President

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Keywords :   Copper | Debt | Diamond | Gold | Gold Producer | Growth | Market |

Victoria Gold Appoints John McConnell as Executive Vice President
An important next step in Victoria�s transition from exploration to production

TORONTO, ONTARIO, January 8, 2009 � Victoria Gold Corp. (TSX-V:VIT)  (�Victoria� or �the Company�) is pleased to announce that, effective January 5, 2009,  it has appointed Mr. John C. McConnell to the position of Executive Vice President.  Mr. McConnell is a well-respected mining engineer with 35 years experience in all aspects of mine exploration, development and operations.  At Victoria, his primary focus will be to advance the Company�s existing projects towards production.  He has been on the Board of Directors of Victoria since August 2007 and will continue to serve on the Board.

�It has always been our intention to advance the Company�s gold projects towards production and John has brought a great deal of development and operating experience to Victoria in his capacity as a director.  We are delighted to add to our management team such a strong, senior mining engineer and we believe that having John on board as a permanent employee will provide increased momentum towards our objective of becoming a near term gold producer,� said Chad Williams, President and CEO of Victoria Gold Corp.  �Furthermore, as an existing director of Victoria, John is very familiar with our business and we expect him to have an immediate positive impact on our projects.�

Mr. McConnell�s most recent position was as the Chief Operating Officer of Strategic Resource Acquisition Corporation and prior to that he was the President and CEO of Western Keltic Mines, until it was acquired by Sherwood Copper.  Previously he was the Vice President of De Beers Canada�s NWT Projects, responsible for the permitting and development of their $1 billion Snap Lake Diamond mine. His career has spanned much of North America including the position of General Manager of the Nanisivik Mine in Nunavut.  Mr. McConnell�s previous employers also include Breakwater Resources, Strathcona Mineral Services, Cominco and Placer-Dome.  Mr. McConnell�s strong engineering skills are complemented by finely tuned experience in stakeholder management and permitting. 

In his capacity as Executive Vice President, Mr. McConnell will focus on advancing Victoria�s existing gold projects towards production.  Mr. McConnell will assist with the permitting and engineering design for a proposed adit to access the Helen Zone for underground work.  At the Big Springs project, Mr. McConnell will be responsible for managing studies to assess the viability of mining this estimated 1.2 million ounce NI 43-101 compliant gold resource.

Mr. McConnell will also evaluate the viability of mining near surface gold zones where previous drilling has identified significant gold grades and widths at some of Victoria�s key projects.  At Mill Canyon, for example, the Company has previously reported assay results including 12.8 metres of 27.96 g/t from drill hole OC-10 and 25.9 metres of 10.38 g/t from hole OC-36.  The results reported on September 25, 2008 by the previous owners of the Santa Fe project, Gateway Gold Corp, are also encouraging indicating significant widths of good gold grades, such as 141 metres of 2.06 g/t from drill hole SF 08-06 and 135 metres of 2.17 g/t from hole SF 08-07.

�Victoria has a high calibre, well rounded management team with the right skills in place to build a successful gold company.  I am very excited to be joining a small capitalization company with a pipeline of advanced gold projects and a track record of discovery,� said Mr. McConnell.

Shares for Debt Arrangement
 
The Company has entered into a shares for debt arrangement with a vendor of services to the Company whereby Victoria will issue 84,538 common shares to satisfy an outstanding account payable in the amount of $20,120. The number of shares is based on a share price of $0.24, which is the volume weighted average trading price (VWAP) for the Company�s shares on the TSX Venture Exchange for the five trading days prior to the date hereof. The shares for debt arrangement is subject to receipt by Victoria of all necessary  stock exchange approvals.  The common shares of Victoria to be issued pursuant to such arrangement will be subject to a four-month hold period.

About Victoria
 
Victoria aims to be a high growth, lower risk company focused on gold. The Company's strategy is to add value per share through efficient exploration, project development, accretive acquisitions, and effective marketing. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria�s management team.

On Behalf of Victoria Gold Corp.
Chad Williams, P. Eng, CEO, President & Director

Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

For Further Information Contact:

Chad Williams
President & CEO
Victoria Gold Corp.
Tel: 416-866-8800 ext 230
cwilliams@vitgoldcorp.com
 
Linda Dorrington
Director Public & Corporate Affairs
Victoria Gold Corp.
Tel: 416-866-8800 ext 226
ldorrington@vitgoldcorp.com

www.vitgoldcorp.com

Renmark Financial Communications Inc.
Victoria Stepanova : vstepanova@renmarkfinancial.com
Barry Mire : bmire@renmarkfinancial.com
Media - Vanessa Napoli : vnapoli@renmarkfinancial.com
Toronto - Tel.: 416 644-2020 / Fax: 416 644-2021
Montreal - Tel.: 514 939-3989 / Fax: 514 939-3717
www.renmarkfinancial.com

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Victoria Gold Corporation

DEVELOPMENT STAGE
CODE : VIT.V
ISIN : CA92625W1014
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Victoria Gold Corp. is an exploration gold company based in Canada.

Victoria Gold Corp. holds various exploration projects in Canada and in Guyana.

Its main asset in development is DUBLIN GULCH EAGLE GOLD MINE in Canada and its main exploration properties are TASSAWINI GOLD, COVE, TASSAWINI, WHITE CREEK, MILL CANYON and KAITUMA in Guyana and EUREKA, SANTA FE, MAR-TUNGSTEN and DUBLIN GULCH MAR TUNGSTEN in Canada.

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Corporate Presentations of Victoria Gold Corporation
3/6/2015Provides Updated Corporate Presentation
In the News and Medias of Victoria Gold Corporation
5/20/2010Sign MOU on the Eagle Gold Project
Financings of Victoria Gold Corporation
8/8/2016Victoria Gold Announces $25,025,000 Bought Deal Financing
8/7/2009 Commences Drilling at Santa Fe, Nevada and Closes Flow-Thro...
Option Grants of Victoria Gold Corporation
12/18/2009Announces Grant of Stock Options
Nominations of Victoria Gold Corporation
2/4/2011Announces Appointment of John McConnell as President and CEO
1/8/2009Appoints John McConnell as Executive Vice President
Project news of Victoria Gold Corporation
4/5/2017Begins $6.2M, Phase 1 Exploration Program, Yukon
2/6/2013Closes the Sale of the Big Springs Property in Nevada
9/11/2012Continues to Define Higher Grades at Eagle Gold Deposit
5/25/2012(Mill Canyon)Enters Into Agreement to Sell its Mill Canyon Property in Ne...
9/19/2011(Mill Canyon)To Drill the Mill Canyon Project in Nevada
5/23/2011(Dublin Gulch Eagle Gold Mine)Reports Positive Drill Results from the Eagle Gold Deposit
5/12/2011(Cove)Announces Updated Cove Resource Estimate
2/28/2011(Dublin Gulch Mar Tungsten)Victoria Gold Announces 2011 Dublin Gulch Exploration Progra...
2/28/2011(Dublin Gulch Eagle Gold Mine)Announces 2011 Dublin Gulch Exploration Program
2/7/2011(Dublin Gulch Eagle Gold Mine)Announces Further Progress on the Path toDevelopment of the ...
1/25/2011(Dublin Gulch Eagle Gold Mine)Announces Eagle Feasibility Study Underway
12/10/2009Eagle Gold Project Drilling Results Including 161.8 m Gradin...
6/23/2009(Cove)Announces Additional High-Grade Gold Assays From the Helen Z...
3/2/2009(Cove)Advancing the Helen Zone: Growth Plans Defined
Corporate news of Victoria Gold Corporation
7/6/2016Victoria Receives Surface Trench Results from Olive includin...
7/5/2016Victoria Gold Purchases Construction Camp and Reduces Upfron...
6/28/2016Victoria Receives Olive Results including: 168m at 0.92 g/t ...
6/17/2016Victoria Gold Closes $2.85 Million Flow-Through Financing at...
6/16/2016Victoria Gold Strengthens its Technical Team with the Appoin...
6/15/2016Victoria Receives Olive Results including: 35m at 1.8 g/t an...
6/3/2016Victoria Confirms High Grade Results at Olive including: 46m...
5/24/2016Victoria Confirms High Grade Mineralization between the Oliv...
5/16/2016Victoria's Shamrock Zone Achieves 88% Metallurgical Recovery
12/24/2015Victoria Gold Completes $3.6M Flow-Through Financing to Dril...
12/22/2015Victoria Gold Receives Final Major Permit for Eagle Gold Pro...
12/22/2015Victoria Gold Completes Flow-Through Private Placement Finan...
12/16/2015Victoria Announces Grant of Stock Options
8/7/2015Victoria's High Grade Olive Zone is Heap Leachable
2/26/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
2/24/2015(Cove)Olive Zone Demonstrates Attractive Metallurgical Recovery an...
2/24/2015Victoria's Olive Zone Demonstrates Attractive Metallurgical ...
1/14/2015Announces Grant of Stock Options
11/4/2014Victoria Completes Successful Exploration Program at High-Gr...
8/13/2014Victoria Announces Olive Grows as Step-Out Holes Continue to...
7/28/2014Victoria Continues to Receive High Grade Results at Olive; $...
6/24/2014Victoria's Olive Zone Yields High Grade Gold Intercepts Over...
6/18/2014Victoria Receives $10 Million Third Payment from Sale of Cov...
5/20/2014Victoria Initiates Drilling to Test High Grade Target Adjace...
5/20/2014Victoria Initiates Drilling to Test High Grade Target Adjace...
4/19/2014Victoria Gold Announces Changes to its Board of Directors
5/7/2013Provides Status Report on Eagle Gold Project
2/22/2013Announces Upcoming Marketing Events
2/15/2013Acquires Common Shares of Banyan Gold Corp.
1/28/2013Extends Gold Mineralization at Olive, Adjacent to Victoria's...
1/12/2013Announces Grant of Stock Options
1/12/2013Announces Grant of Stock Options
10/29/2012Expands Higher Grade Gold Target at Olive, Adjacent to Victo...
6/26/2012Working Capital Update
6/7/2011The First Nation of Nacho Nyak Dun and Victoria Extend Explo...
3/17/2011Selected for Global X S&P/TSX Venture 30 Canada ETF
4/27/2010Completes Guyanese Gold Asset Transaction
1/12/2010Hits Another Wide Gold Intercept at Santa Fe: 284 m Grading ...
12/15/2009 Provides Update on Nevada Gold Projects
11/13/2009Announces Guyanese Gold Asset Monetization
11/2/2009 Announces the Sale of the Clear Creek Exploration Property ...
10/29/2009 Announces That Drilling at Summit Gold Project is Underway
7/20/2009Exceptional Gold Exploration Results in Guyana
7/16/2009Notice of AGM on July 22, 2009
6/5/2009Closing of Business Combination With StrataGold Corporation
5/27/2009Acquisition by Victoria Gold Corp. Approved by Shareholders ...
2/13/2009StrataGold Corporation and Victoria Gold Corp. Webcast
2/11/2009 and StrataGold Corporation Announce Business Combination
1/26/2009 Board Approves $2.5 million Budget to Advance Nevada Gold P...
12/17/2008Announces Closing of Business Combination with Gateway Gold ...
5/30/2007Further Drill Results at Cove-McCoy Project, Nevada
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