In addition Jeff has significant experience in engineering, design and construction and has played key roles in moving a number of significant process facilities from initial test work through to plant commissioning. Through his research Jeff has also developed several proprietary metallurgical processes. Using experimental design methods and statistical analyses, Jeff has identified and implemented remedies for production bottlenecks, leading to significant process improvements in a number of conventional and hydrometallurgical process plants, including in Nevada. Jeff has a strong background in metallurgical and mineral processing testing and process flow sheet development. Jeff Woods has over 35 years of experience as a specialist in mineral processing and hydrometallurgical operations, with an emphasis on heap leaching, crushing and grinding, flotation, plant construction, commissioning, operations and process optimization. Our goal is to develop a robust, economic hydrometallurgical process to produce a final V 20 5 product.'

Iron Point presents an exciting opportunity to bring primary, domestic production of vanadium to North America. Jeffrey Woods, Chief Metallurgist stated: 'I am pleased to be joining the Victory Metals team. We are confident that Jeff's experience, knowledge and systematic approach will unlock significant value at Iron Point.' Victory's management and Board are excited that initial metallurgical test work results are encouraging and we will report more definitive results shortly once the current initial phase of test work is completed. Our maiden drill program continues to outline a large footprint of vanadium mineralization including multiple flat-lying, higher-grade zones. Jeff brings a long and successful track record in mineral processing and project development that will be highly beneficial as we advance our Iron Point Vanadium Project in Nevada. Paul Matysek, Executive Chairman stated: 'We are very pleased to welcome Jeffrey Woods to our Victory team as Chief Metallurgist. (Metallurgical Engineering) as Chief Metallurgist.

(' TSX-V:VMX') (' Victory' or the ' Company') is pleased to announce the appointment of Jeffrey Woods, B.S.

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