Mr. Michael Gunning reports

VR RESOURCES PROVIDES CORPORATE UPDATE

VR Resources Ltd. has filed the second quarter financial statements dated Sept. 30, 2017, along with management's discussion and analysis dated Nov. 16, 2017, on SEDAR and the company's website. Included in the MD&A is a brief descriptive reference and update for the company's various copper-gold mineral exploration properties in Nevada.

The first-pass drill program is in progress at the company's core asset, the Bonita property in Humboldt county, Nevada. Three of four holes are complete, and the current phase of drilling is expected to be done next week. Drill results will be reported once analytical data from the program are finalized. Drilling continues to confirm the presence of a multiphase porphyry copper-gold system on the property. The company has already begun to formulate plans for a follow-up drilling program in 2018.

Other properties

The company has commenced early-stage exploration activities on its recently acquired Big Creek and Junction copper properties and continued target definition work on the Danbo gold property in Nye county. In brief:

• An airborne Hyperspectral survey has been completed at Danbo, to confirm/refine alteration trends related to the mineralized gold vein system. Additional mapping, prospecting and sampling have been completed to confirm the extent of the gold system at surface and confirm an overall minimum strike length of approximately 1,200 metres. Soil geochemistry is being extended, and test lines for a ground-based VLF geophysical survey will be completed to evaluate the system subsurface. The company anticipates a first-pass diamond drill program at Danbo once all data are in hand and targets are prioritized.
• Mapping, prospecting and soil sampling are nearly complete at the Junction copper-silver-gold property. Copper sulphide mineralization related to pegmatites and quartz veins is evident at surface in numerous showings along a strike length of nearly 1,600 metres. The company anticipates completion of a high-resolution airborne mag/EM (electromagnetic) survey in 2018, to test along strike subsurface continuity of the outcropping mineralization, and in preparation for a first-pass diamond drill program.
• An airborne hyperspectral survey has been completed over the Big Creek copper-gold-molybdenum property. Soil sample test lines are complete, and rock sampling of polyphase vein systems in the hydrothermally altered granite stock is in progress.

About VR Resources Ltd.

VR Resources is a new listing in the junior exploration space. The diverse experience and proven record of the company's board and management in early-stage exploration and discovery are the foundation of VR. The company is focused on exploring large copper-gold mineral systems located in the western United States. VR is well financed for its exploration strategies, including first-pass drilling of its core asset, the Bonita property.

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