AUGUST 11, 2008 EXPLORATION UPDATE AT VICTORIA’S HILLTOP PROJECT

Victoria is making rapid drilling progress at its Hilltop property located in North-Central Nevada, a region

recognized for its relatively low risk and high gold production. The Company has three drills operating,

two at Cove-McCoy and one at Hilltop.

Core drilling at Hilltop commenced on July 15, 2008. Hole HT-7 is targeting an intersection zone within

lower plate carbonate rocks in the southern part of the property. The target, below upper plate thrust

sheets, was defined using structural systematics; methods that are proprietary to Victoria. The hole is

being drilled in the pediment along the eastern flank of the Northern Shoshone Range.

Drilling has progressed very rapidly and, as of August 7, 2008, the drill hole, was at a depth of 664 metres

(2178 ft), still in upper plate rocks. Core recovery has also been good and several thick, strongly altered

and mineralized zones have been intersected. The upper plate is notorious for difficult drilling, but is being

drilled very effectively by the new drilling contractor. The targeted depth for this hole is approximately 975

metres (4000 ft), or whatever shallower depth is necessary to hit the lower plate rocks. If warranted by

encouraging assays, Victoria will undertake further drilling at Hilltop.

Victoria’s Hilltop property is in a very prolific gold-bearing region. The large, multi-million ounce

Pipeline, Cortez, Cortez Hills, and Gold Acres gold mines as well as the Tenabo gold mining district are

located nearby.

AUGUST 11, 2008 EXPLORATION UPDATE AT VICTORIA’S COVE-McCOY PROJECT

Victoria has just completed drilling core hole NW-11 at its Cove-McCoy project in North-

Central Nevada, a region recognized for its relatively low risk and high gold production.

The Company has three drills operating, two at Cove-McCoy and one at Hilltop.

Drill hole NW-11 into the Helen Zone of the Company’s Cove-McCoy property has been

completed to a depth of 670 metres (2200 ft). Complete assay results from this core drill

hole are expected shortly. The pierce point of drill hole NW-11 is located within the

eastern limb of the Helen Zone. Downhole surveys are expected soon. Diagrams

showing the location of these holes can be found at

www.vitgoldcorp.com

To improve drilling rates and reduce drilling costs for drill hole NW-12, a new drill rig has

been moved to Cove-McCoy and drilling of NW-12 will commence within the next few

days. This drill hole target is located 50 metres(165 ft) down plunge of NW-6A, which

intersected 39.6 metres (130 ft) of 11.8 g/t (0.343 oz/ton) (released on April 10, 2008) and

30 metres (98 ft) east of NW-5, which intersected 61.9 metres (203 ft) of 12.57 g/t (0.367

oz/ton) (released on December 11, 2007).

Drill hole NW-9 is currently at a depth of 500 metres (1640 ft). Its target is in the eastern

wing of the Helen Zone. The drill rig on this hole was halted recently for mechanical

modifications to increase efficiency and drilling has now recommenced.

Holes NW-11, NW-9, and NW-12 are the continuation of a fifteen-hole Phase II drill

program designed to provide information on the geometry and gold content of the

Helen Zone. This zone is located approximately 610 metres (2000 ft) northwest of the

Cove open pit and old underground working, which were mined between 1987 and

2001, producing 2.3 million ounces of gold and 100 million ounces of silver. The Helen

Zone is one of 8 intersection zones within one of 14 drill-ready target areas defined by

Victoria on the 6,982 hectare Cove-McCoy property.

“Our positive outlook for the Helen Zone’s gold potential continues to be very high so

maintaining rapid, efficient and cost-effective drilling is a key priority for us. We were

dissatisfied with the performance of the previous drilling contractor on hole NW-11 so we

secured a new company and drilling crews for the next hole NW-12.” said Chad Williams,

President & CEO of Victoria Gold Corp.

An environmental contractor will be engaged shortly to compile the data required for a

permit application to drive an adit (tunnel) into the Helen Zone. This adit would serve to

more aggressively and cost-effectively explore the gold mineralization from

underground, and possibly provide access to the Helen Zone for mining if continued

underground exploration drill results demonstrate the economic viability of ore

extraction.