VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Victoria Resource Corporation (the "Company" or "Victoria") (TSX VENTURE:VIT) is pleased to announce the appointment of Mr. Marty Rendall, CFA as the Company's new Chief Financial Officer, effective October 23, 2007. In addition, Dr. Raul Madrid has been appointed Vice President of Exploration effective immediately.
Mr. Rendall was employed by De Beers Canada Inc. since January 2002, most recently serving as Senior Financial Analyst. He held various roles at De Beers such as Project Accountant, Cost Accountant and Financial Superintendent. Mr. Rendall held the position of Financial Analyst for Breakwater Resources from November 1997 through December 2001.
Dr. Madrid is a specialist in sedimentary-rock-hosted gold deposits as well as other types of precious metal epithermal and mesothermal deposits. He was the leader of the U.S. Geological Survey 's (USGS) "Disseminated Gold Project" which was created to uncover the origins of Carlin-type gold mineralization in Nevada. Dr. Madrid was President and Chairman of the Board of Conquistador Mines Ltd., a public gold exploration company from 1995 to 2001.
"The addition of Mr. Rendall will provide sure footing to Victoria in terms of financial reporting," said Chad Williams, CEO, President & Director, "but his strength in the financial evaluation of mineral assets in particular is also very important since the Company intends to embark on a campaign of growth in the gold industry". "Dr. Madrid will continue to lead the Company's exploration efforts in Nevada using his vast experience and proven techniques of finding gold deposits but will have greater scope to assist the Company in other regions as well."
Victoria Resource Corporation is a high-growth, lower-risk company focused on gold. The Company endeavors to add value per share through efficient exploration and completing accretive acquisitions. In addition, Victoria's management keeps a constant vigilance on lowering the Company's risk profile through project diversification, prudent management of its financial resources, and choosing to operate in lower-risk jurisdictions. Victoria currently has interests in eight promising gold exploration projects located in Nevada covering an area of more than 100,000 acres. The Company's strengths lie in its exceptional property portfolio and its experienced and dedicated exploration team. Near-term catalysts related to exploration results, the constant evaluation of accretive corporate transactions, and other factors such as a higher gold price environment should assist the Company in adding value per share.
On Behalf of VICTORIA RESOURCE CORPORATION
Chad Williams, CEO, President & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Victoria Resource Corporation
CEO, President & Director