December 15, 2015: Victoria Gold Corp. (TSX-V: VIT-V) The Board of Directors of Victoria Gold Corp. (the “Company”) has granted 7,000,000 options to 19 employees, consultants, directors and officers of the Company. The option grant is the result of the Company’s annual compensation review and the issuance is made under the stock option plan of the Company. This plan was approved by shareholders on October 1, 2015 and allows the Company to issue a number of options up to 10% of its rolling issued and outstanding common shares. The options have an exercise price of $0.15 and are exercisable for a period of 5 years from the date of the grant thereof.
About the Dublin Gulch Project
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year-round, and is located within Yukon Energy’s electrical grid. The Company has constructed and maintains a 100 person all-season camp at the project site. The Property covers an area of approximately 555 square kilometers, and is the site of the Company’s Eagle Gold Deposit. The Company has a Comprehensive Benefits Agreement in place with the local First Nations community and is in receipt of all major permits required for the construction, operation and closure of the Eagle Gold Mine.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. 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, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) 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.
For Further Information Contact:
President & CEO
Victoria Gold Corp