VICTORY RESOURCES CORPORATION
ANNOUNCES DEBT SETTLEMENT
 

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) announces a debt settlement whereby it will issue 3,546,050 units (“Debt Units”) to creditors, at a deemed value of $0.05 per unit, to settle debts aggregating CDN$177,302.50.  The Debt Units will consist of one common share and one non-transferable share purchase warrant to purchase one additional common share per warrant at a price of $0.10 for a period of three years.  Upon the completion of the debt settlement the Company will be substantially debt free.
 

The Company’s Board of Directors has also accepted the resignation of Mr. Robert Leyk as a director of the company. The company thanks Mr. Leyk for his previous service on the Board and wishes him the best in his future endeavours. 

 
On behalf of the Board of Directors of Victory Resources Corporation.
 

Wally E Boguski, President, CEO, Director