TORONTO, ON--(Marketwired - September 11, 2017) - Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or the "Company") is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the "Property") exploration campaign. These results include seven exploration holes completed in the Olive target area in 2017, where exploration efforts concentrated on previously undrilled areas south and west of the main Olive-Shamrock Zone into which the Olive Shear Zone was interpreted to extend. These results further demonstrate the successful application of the Potato Hills Trend mineralization model on the Dublin Gulch Property and it's ability to identify additional gold mineralization proximal to defined gold deposits.

Highlighted results from exploration drilling at the Olive target this year include 33.3 meters of 1.54 g/t gold returned from drillhole DG17-849C, 9.1 meters of 3.14 g/t gold in drillhole DG17-856C and 13.9 meters of 1.56 g/t gold in drillhole DG17-889C.

"These latest assay results highlight the fact that additional, near-Olive gold mineralization exists at Dublin Gulch and further validates the Potato Hills Trend mineralization model which we continue to test even as construction has begun at the Eagle Gold Mine," commented John McConnell, President and CEO of Victoria. "We are greatly encouraged with each of the targets we have tested this season at Dublin Gulch and look forward to the steady receipt of assays from this on-going campaign throughout this fall."

At Olive, 2017 diamond drilling activities totaled 2,428 meters from seven drillholes and were designed to target areas south and west of the Main Olive Zone, areas that had received limited or no previous exploration drilling. These drillholes were all drilled as long (greater than 380 metre), shallow angle holes to test areas interpreted to represent the continuation of the mineralized Olive Shear Zone, proximal to the intrusive-metasedimentary contact, which were not possible to reach in previous year's exploration efforts. Typically, where granodiorite was intersected, gold mineralization was encountered and where the host meta-sediments were intersected, sporadic to low-grade gold mineralization was returned, similar to the known gold mineralization within the Olive Gold Deposit. Highlighted results from the Olive Zone 2017 drilling are summarized in the table below.

*Apparent true widths are estimated at approximately 70% to 80% of intersection lengths.

Plan maps and cross sections for the 2017 Olive exploration drilling campaign will be made available on the Company website at www.vitgoldcorp.com.

Olive-Shamrock Zone

Drilling during 2016 at the Olive and Shamrock targets confirmed that the targets are part of a single, larger Olive-Shamrock Zone. This was shown within the "NI-43-101 Feasibility Study Technical Report for the Eagle Gold Project, Yukon Territory, Canada" with an effective date of September 12, 2016 where an inaugural Reserve and Resource was presented for the Olive-Shamrock Zone. The Olive-Shamrock deposit includes 7 million tonnes averaging 0.95 grams of gold per tonne, containing 200,000 ounces of gold in the "Proven and Probable" category. The Olive-Shamrock NI-43-101 Mineral Resource has been estimated to host 10 million tonnes averaging 1.07 grams of gold per tonne, containing 329,000 ounces of gold in the "Measured and Indicated" category, inclusive of "Proven and Probable Reserves", and a further 7 million tonnes averaging 0.89 grams of gold per tonne, containing a further 210,000 ounces of gold in the "Inferred" category. The Feasibility Study envisaged both the Eagle and Olive-Shamrock deposits as open-pit mines with heap leach gold recovery.

The 2017 exploration program was designed to test the potential to expand the Olive-Shamrock deposit along the intrusive-sediment contact of the Potato Hills Trend by:

1. Further drilling the Shamrock target to the northwest
   • See news releases dated June 9, 2017 and August 28, 2017 which included 22.5m of 2.78 g/t Au
2. Further drilling the Olive target to the south and west
   • 7 holes released herein
3. Drilling the new Spinach target, which is north of Shamrock
   • Spinach Drilling has been completed for 2017 and assay results are pending

About Olive and Shamrock

The Olive and Shamrock targets are defined by a broad gold/arsenic in-soils geochemical anomaly and lie on the intrusive-sediment contact of the Potato Hills Trend (as does the Eagle Deposit) and are punctuated by several historically exploited high-grade sulphide veins. The area was mined on a small scale from shallow shafts and adits in the early 1900's and via placer mining in creeks draining the area. The Olive and Shamrock vein system is located near the top of Olive Gulch and consists of gold-bearing quartz-scorodite-arsenopyrite vein material centralized in a shear zone structure.