Within the next 4 to 6 weeks we should have drilling results from hole #6A and the last few hundred feet of hole #7. By May we should have drilling results of hole #8 wiit drilling activity modified to compensate for several degrees drift off initial target zone at Cove McCoy.

There has been no news to account for the recent sell off in Victoria from 1.24 to .89 other than the fact that the 13 million share private placement shares holders are now free to sell their stock that they acquired at .65 in October last year. We had a couple of days of large trading volume initially after the private placement share holders were free to sell any of their shares and lock in a portion of their profits, but since then, there has been a significant fall off in trading volume. Lack of shareholder liquidity is creating exaggerated moves when someone chooses to sell. In this type of market environment it is not uncommon to see many junior gold stocks go down irrespective of their positive fundamentals and the bullish outlook for gold bullion.

IMO, we will soon see bids appear for Victoria Resources and eventually substantially higher prices. In markets like this, my advise is to put in STINK BIDS below the market. You might get lucky and really pick up some stock real cheap. Personally, I added to my holdings a little early at 1.06 and I fully intend to add some more shares near current prices in the .80 - .90 range.