VVC Exploration - Results of Annual Shareholders' Meeting and Acquisition of Additional Shares of Samalayuca Cobre - Seite 2

VVC owns 45,000 shares of Samalayuca Cobre S.A. de C.V. ("SCSA") representing 33.75% of the outstanding shares.  Pursuant to Option Agreements entered into in September 2015 with Ressources Orford Inc. ("Orford") and Inversiones Agrofinancieras de Panama, S. A. ("IAP"), the Company had options to purchase an additional 45,000 shares of SCSA.  The Company wished to acquire all the SCSA shares and as such re-negotiated the Option Agreements and entered into discussions with the other SCSA shareholder in order to acquire the remaining 33,333 SCSA shares.

Amended Agreements have been entered into and executed as follows:

(a) With Orford") to acquire 37,500 SCSA shares in consideration for cash payments of US$550,000 and the issuance of 10,000,000 VVC shares and 20,000,000 VVC warrants. The shares and warrants will be issued on Closing, a first payment of $150,000 will be made within 30 days following receipt the Explosive Permit in Mexico, and the remaining cash payments are to be made over a period of 19 months following the receipt of the first sales of copper.

(b) And with Inversiones Agrofinancieras de Panama, S. A. ("IAP") to acquire 17,500 SCSA shares in consideration for the issuance of 14,200,000 VVC shares and 12,500,000 VVC warrants to be issued on Closing:

Each warrant will entitle the holder to purchase an additional VVC Share at a price of $0.06 per share for a period of 5 years following Closing.  The completion of this transaction will be subject to obtaining the requisite approval of the TSXV.  Once completed, VVC will control 76.5% of SCSA.

SCSA is the owner of the Kaity Property where the Gloria Cooper Project is located.  A National Instrument (NI) 43-101 Technical Report on the Kaity Property by Jacques Marchand P.Eng. Geology, dated April 21, 2019, was filed on SEDAR on May 7, 2019.

Other Acquisitions
The Company is looking at the possibility of staking new claims in Sinaloa State of Mexico.  The area is prospective for gold, silver and copper.  Further details will be announced as available.

About VVC Exploration Corporation
VVC is a Canadian exploration and mining company focused on the exploration and development of copper and gold deposits in Northern Mexico, specifically the Gloria Copper Project located in in Chihuahua State.  VVC has other projects in Mexico and Canada, including gold and silver prospects, Cumeral and La Tuna, in Sonora and Sinaloa States, Mexico and a grassroots gold/VMS prospect in the Timmins area of Northern Ontario.  Visit our website at: http://vvcexpl.com.