VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 3, 2007) - Victoria Resource Corporation ("Victoria") (TSX VENTURE:VIT) is pleased to announce the election at the recent annual general meeting of the shareholders of Victoria held on July 31, 2007 ("AGM"), the following four new members to its Board of Directors:
- T. Sean Harvey, Chairman of the Board and Director. Mr. Harvey is also Chairman of Andina Minerals Inc. He was formerly the President and CEO of TVX Gold Inc.
- Chad Williams, Director. Mr. Williams is also Managing Director and Head of Mining of Investment Banking, and was formally Senior Precious Minerals Analyst, at Blackmont Capital Inc.
- Hugh A. Agro, Director. Mr. Agro is Senior Vice-President, Corporate Development of Kinross Gold Corporation. He was formally President, Corporate Development of Placer Dome Inc.
- John McConnell, Director. Mr. McConnell is Director, President and CEO of Western Keltic Mines Inc., and was formerly Vice President - NWT projects for De Beers, Canada Ltd.
These new directors bring a wide-range of expertise in mining, equity markets, and corporate governance to Victoria. They replace Roger Richer, Tom Garagan, Clive Johnson, and Steve Kay. The outgoing directors provided valuable leadership to Victoria that was greatly appreciated over the past several years.
In addition, Victoria announces that at the AGM the shareholders of Victoria approved the adoption of a new rolling maximum 10% stock option plan (the "Plan"). Pursuant to the Plan the aggregate number of options which may be granted may not exceed 10% of Victoria's issued and outstanding share capital at the time of any option grant. A copy of the Plan, which remains subject to TSX Venture Exchange acceptance, is available from Victoria free of charge.
On Behalf of VICTORIA RESOURCE CORPORATION
Chad Williams, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Victoria Resource Corporation