Victoria Gold Corp. announced to provide assay results received to date from the 2022 Raven Distal Exploration Program at Dublin Gulch Gold Camp. Raven is one of several priority on/near-surface gold targets and was the primary focus of 2022 Dublin Gulch exploration activities.

The current Raven Resource Estimate includes 1.1 Million ounces at 1.7 g/t Au. During the 2022 season, 27,215 meters (“m”) of diamond drilling were completed across the claim package, including 90 drillholes for 25,244m at the Raven Deposit. The 2022 Raven drilling campaign was designed to advance two key objectives.

1) A Raven Proximal Program which included drilling within and proximal to the current footprint of the Raven Deposit. It is expected these assays will further define and test the mineralization potential and contribute to an updated Raven Resource Estimate later in 2023. 2) A Raven Distal Exploration Program which included drilling beyond the existing Raven Deposit to test the extension of mineralization by approximately 500m strike length and over 100m in width.

The majority of these assays are not expected to inform the 2023 updated Resource Estimate but will confirm the existence of mineralization for future resource expansion. Of the 90 drillholes drilled at Raven in 2022, 30 drillholes (8,810m) were located within the Raven Resource footprint and 14 drillholes (4,410m) were collared within 100m of the Raven Resource. The Raven Distal Exploration Program consisted of 46 drillholes (12,024m) drillholes, the majority of which are collared greater than 100m from the Raven Resource bounds.

Raven mineralization remains open, in particular to the east which will be the focus of the next phase of exploration. Assays for 39 of the 46 drillholes from the Raven Distal Exploration Program have been received. Highlighted results are presented below: NG22-155C 7.18 g/t over 6.9m from 128.1m, and 3.59 g/t Au over 83.5m from 213.5m, including: 6.26 g/t Au over 47.0m from 213.5m in NG22-155C, including 20.24 g/t Au over 14.5m from 246.0m in NG22-155C, including 45.84 g/t Au over 5.3m from 250.7m in NG22-155C NG22-162C 0.65 g/t Au over 105.5m from 202.0m, including 8.28 g/t Au over 5.0m from 216.5m NG22-082C 1.98 g/t Au over 14.2m from 67.0m NG22-085C - 1.15 g/t Au over 25.7m from 85.3m.

The Raven Proximal Program results and any remaining Raven Distal Exploration Program results are expected to be released in the near future. Analytical Method All exploration drill core from the Dublin Gulch 2022 programs were analyzed at MSALABS of Terrace, B.C. utilizing the ICP_230 34-element analytical package with FAS-111 30-gram fire assay with AA finish for gold on all samples. All core samples were split at Victoria's exploration facilities and shipped to MSALABS' Terrace, B.C. preparation facility.

There samples were sorted and crushed to appropriate particle size (coarse crush) and representatively split to a smaller size (250 grams) for MSALABS Langley, B.C. analytical facility. A comprehensive system of standards, blanks and field duplicates was implemented for the 2022 exploration campaign and is monitored as chemical assay data become available.