Victoria Gold Provides Operations Update

WHITEHORSE, Yukon, May 11, 2020 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”), is pleased to provide April and YTD production results for its Eagle Gold Mine (“Eagle”), Yukon Canada.

Production:
April was a very successful month at Eagle as mining, crushing and stacking on the leach pad increased significantly.  As a result, gold production also increased substantially and higher gold output is expected to continue over the coming months as more ore is placed under leach. A summary table of 2020 production follows:

	April	Q1	YTD
Hours Without A Lost Time Incident	72,984	213,108	286,092
Ore mined (tonnes)	759,133	946,479	1,705,606
Waste mined (tonnes)	845,295	1,565,964	2,411,259
Ore stacked (tonnes)	786,954	887,700	1,674,645
Grade (gold grams per tonne)	0.86	0.83	0.85
Gold produced (ounces)	6,768	10,544	17,312

“The ramp-up of Eagle has gone exceptionally well and we owe a sincere debt of gratitude to our employees and contractors for adopting and embracing Victoria’s rigorous COVID Protocols while working safely and diligently to ensure operational success,” said John McConnell, President & CEO. “With production ramping up and gold price at record highs, Eagle is poised to exceed our projections!”

COVID-19 Update:
There have been 11 COVID cases confirmed in Yukon, with all patients having fully recovered. No cases have required hospitalization and no cases have been confirmed at the Eagle minesite. Victoria continues to meet or exceed regulations established by the Yukon Chief Medical Officer. Through our COVID-19 action plan, we have instituted strict prevention measures to protect our workforce and Yukon local communities. Importantly, these preventative measures have, in part, enabled Eagle Mine operations to continue while strongly mitigating the risk of COVID-19.