Mr. John McConnell reports

VICTORIA GOLD: OLIVE-SHAMROCK EXPLORATION RESULTS -- 22.5M @ 2.78 G/T AU

Victoria Gold Corp. has released analytical results from 12 additional Shamrock drill holes from the 2017 Dublin Gulch exploration campaign. Highlighted results from these recently received drill holes include 39.6 metres of 1.04 grams per tonne gold in drill hole DG17-818C, 22.5 metres of 2.78 g/t Au in hole DG17-848C and 16.5 metres of 2.24 g/t Au in drill hole DG17-845C.

"The Olive-Shamrock zone continues to deliver high-grade intercepts over meaningful widths," commented John McConnell, president and chief executive officer of Victoria. "This has been a very exciting exploration season for us; as our VP, exploration," Paul Gray says. "Every target we drill on the property, we find gold." Based on the successful results across numerous targets, the company is pleased to announce that the 2017 exploration budget has been more than doubled, from $6.2-million to $12.5-million.

Greater than 23,000 metres of diamond drilling have been completed thus far at Dublin Gulch this season. Twenty-four drill holes and over 5,000 metres have been completed at the Olive-Shamrock zone. Assays for 15 drill holes have been released (assays from the first three drill holes were reported in a press release on June 9, 2017) with results from the final nine holes expected to be released soon. This year's drilling included infill and stepout drilling within the core Shamrock zone, as well as areas southwest of the Olive-Shamrock open pit as envisioned in the 2016 Eagle gold project feasibility study.

The Olive-Shamrock drill campaign was designed to expand upon the phase II 2016 program in the northeast portion of the Olive deposit testing along strike. The 2017 Olive-Shamrock drilling is now complete and the company is concentrated on the Spinach zone, north of Shamrock where a fault-related, high-grade shear zone has been interpreted to exist.

Drill results from the latest 12 2017 Shamrock drill holes are summarized in the table.

                               DUBLIN GULCH DRILL RESULTS
 
Hole ID              From (m)     To (m)    Length (m)    Gold (g/t)   Silver (g/t)

DG17-797C                4.2       39.5          35.3          0.61           0.94
including               29.5       39.5          10.0          1.94           0.55
DG17-818C               32.0       71.6          39.6           1.0           1.70
including               36.6       61.0          24.4          1.36          12.46
and including           54.9       61.0           6.1          2.99           2.31
and including           70.1       71.6           1.5          3.33              -
DG17-822C                  -          -             -             -              -
DG17-824C               79.0      169.2          90.2          0.48           0.94
including               91.4      105.2          13.8          1.20           0.63
and including          118.9      125.0           6.1          1.13              -
and including          158.5      160.0           1.5          3.02          22.50
DG17-828C               79.3      172.2          93.0          0.40           0.54
and including          132.6      134.1          1.52          4.95              -
and including          152.4      154.1          1.73          2.65              -
DG17-830C               77.9       81.4           3.5          0.60           1.52
and                    153.9      155.5           1.6          4.44              -
DG17-834C               53.3       57.9           4.6          0.77              -
and                     73.5       74.2           0.7          9.37           3.30
and                    140.2      141.4           1.2          3.46              -
DG17-836C                7.6        9.1           1.5          1.54              -
and                     50.3       51.8           1.5          1.21              -
and                    100.6      102.1           1.5          2.79              -
DG17-838C                9.1       10.7           1.6          0.77
and                     33.5       35.1           1.6          0.62
DG17-843C               74.7       76.3           1.6          0.79           1.40
DG17-845C               22.9       39.4          16.5          2.24           2.01
including               24.4       25.9           1.5         21.50           9.00
DG17-848C               68.0       90.5          22.5          2.78          33.15
including               74.2       80.8           6.6          9.12         105.46
or including            76.2       79.6           3.4         15.75         169.15

Reported intersections are drilled intersections and are estimated at 
approximately two-thirds of true widths of the mineralized zone.

About Olive and Shamrock

The Olive and Shamrock targets are defined by a broad gold/arsenic-in-soils geochemical anomaly and lie on the intrusive-sediment contact of the Potato Hills trend (as does the Eagle deposit) and are punctuated by several historically exploited high-grade sulphide veins. The area was mined on a small scale from shallow shafts and adits in the early 1900s and via placer mining in creeks draining the area. The Olive and Shamrock vein system is located near the top of Olive Gulch and consists of gold-bearing quartz-scorodite-arsenopyrite vein material centralized in a shear zone structure.

About the Dublin Gulch property

Victoria Gold's 100-per-cent-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometres north of the capital city of Whitehorse, and approximately 85 kilometres from the town of Mayo. The property is accessible by road year-round and is located within Yukon Energy's electrical grid. The company has constructed and maintains a 210-person all-season camp at the project site.

The property covers an area of approximately 555 square kilometres and is the site of the company's Eagle gold deposit. The Eagle gold mine is expected to be Yukon's next operating gold mine and, between the Eagle and Olive deposits, include proven and probable reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 gram per tonne gold, as outlined in a National Instrument 43-101 feasibility study. The National Instrument 43-101 mineral resource for the Eagle and Olive deposits has been estimated to host 191 million tonnes averaging 0.65 gram tonne gold, containing 4.0 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves, and a further 24 million tonnes averaging 0.61 gram per tonne gold, containing 500,000 ounces of gold in the inferred category.

Analytical method

All exploration drill core from the 2017 program was logged and prepared for shipment on site and Victoria's Eagle camp where it was subsequently delivered to the Whitehorse, Yukon, sample preparation facility of ALS Minerals. There, samples were crushed and pulverized, with prepared pulps sent to ALS Minerals' analytical laboratory facilities in Vancouver where they were analyzed by 33-element ICP-AES package ME-1CP61 with a 50-gram fire assay Au finish (AU-AA24). A comprehensive system of standards, blanks and field duplicates was implemented for the 2017 Dublin Gulch drilling programs and is monitored as chemical assay data became available.

Qualified person

The technical content of this news release has been reviewed and approved by Paul D. Gray, PGeo, as the qualified person. For additional information relating to the property, refer to the technical report entitled "NI 43-101 Feasibility Study Technical Report for the Eagle Gold Project, Yukon Territory, Canada," with an effective date of Sept. 12, 2016, which is available on the company's profile at SEDAR.

We seek Safe Harbor.