VR receives drill permit and commences 3D array DCIP geophysical survey at its Reveille silver-copper property in Nevada, in lead up to drilling - Seite 3

Scale is important, in regards to both the aerial extent of the showings across the property, and the structures which accommodated the mineralizing system. To that end, I encourage you to appreciate the potential importance of the regional-scale range fault and bounding fault for the Tertiary caldera at Reveille that is shown in Figure 1. This is a deeply seated and long-lived and reactivated structure with the “umph” to host a large and high temperature fluid system capable of sourcing and driving the array of high-grade showings seen in the hills at Reveille. It is perhaps no coincidence that the new targets we see in our data for the heart of that fluid system have appeared in proximity to this structure, and I am compelled by the fact that our drill will be more or less on top of this structure next month.

I would like to thank our shareholders for their ongoing support, and we look forward to providing further updates as our exploration advances through February.”

Technical Information

Summary technical and geological information for the Company’s various exploration properties is available at the Company’s website at www.vrr.ca.

VR submits all surface grab samples and/or drill core samples collected from Nevada-based exploration projects for geochemical analysis to the ALS Global (“ALS”) laboratory in Reno, Nevada. Sample preparation is completed in Reno. Analytical work is completed at the ALS laboratories located in Vancouver, BC., including ICP-MS analyses for base metals and trace elements, and gold determination by atomic absorption assay. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures at the laboratory, as described by ALS.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., Principal Geologist at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects and has reviewed the content of this news release. The Company’s CEO, Dr. Michael Gunning, P.Geo., is also a non-independent Qualified Person.

About the Reveille Property

The Reveille property is located approximately 90 km’s east of Tonopah, Nevada. Access is via Highway 6, with local roads and trails in and around the property itself.

The Reveille property consists of 66 mineral claims in one contiguous block covering 1,344 acres (544 hectares) over an area of approximately 2 x 3 km’s. The property is on federal land administered by the BLM, and are outside of the BLM’s broadly defined area of sage grouse protection. There are no underlying annual lease payments on the property, nor are there any joint venture or carried interests on the property. There is an industry-standard royalty attached to the property, with a standard buy-back provision to VR.