Thanks, Beamabemer

Ounce upon a time VIT was obscure. There was only a few investors, including myself that recognized the fact that VIT had uncommon value, but the investment public had no knowledge of VIT and Wall Street didn't even have our stock on their radar screen. Thanks to the president of Victoria Gold, Chad Williams, and its management team, VIT is no longer an unknown. Chad's efforts in promoting our stock to the investment community is just beginning to have its desired results - of course it didn't hurt to hear that Chad and some other VIT officers of our company recently began purchasing our stock on the open market despite the fact they already had significant ownership in our stock via previous open market purchases some time ago; or thought private placement offerings; or though the exercise options; or the potential of outstanding stock options that still have time before they expire. When I first got involved with VIT in 2004 when Bema Gold and Victoria were considered stepchildren that never got the attention they deserved, there weren't any analysts that covered our stock - if you attended any of the gold conferences, there was no representation from Bema Gold - and as for VIT, no one knew they even existed. FLASH FORWARD: we now have four analysts that recommended VIT - some of which are analysts that are just now covering our stock for the first time. In addition to new analysts, we now have three independent advisors that have subscription gold investment newsletters/ or independent companies that have put out buy recommendations on our stock - two of these individuals/companies, which included Pinetree Capital, for the first time ever - recommended buying our stock. We are now beginning see a significant increase in daily volume and a build up in upside momentum. VIT is now showing a significant improvement in its relative strength compared to its peer group - even with a recent increase in price from C$.35 to C$.55, it still remains significantly undervalued. At C$.35, VIT was then selling at at $35 per ounce of gold in the ground - a substantial discount to its competitors -its competitors were priced at C$66 per ounce. I estimate that VIT is now priced at $24 per ounce in the ground - which is still more than 50% below its competitors. IMO, this undervaluation will become even more apparent when VIT announces a new NI 43-101 reserves estimate at their Cove property in early November - and a potential increase in reserves that will be reflected in a new pre-feasibility study that is expected to be reported on its Eagle property before year-end. Lastly, VIT should soon announce some new drilling program that will give investors something to look forward to.

IMO, VIT is positioned - better than it has ever been - to provide substantial appreciation potential for risk oriented clients.

Craig Stanley, an analyst for Pinetree Capital just recommended Victoria on the Commodities Report at BNN.ca. It was in response to a mailbag Friday question. I have to give credit to Bemabeamer for giving me this updated information on Pinetree.