Mr. Brian Shin reports

VICTORY OPPORTUNITIES 1 CORP. FILES FILING STATEMENT FOR QUALIFYING TRANSACTION

Further to Victory Opportunities 1 Corp.'s news release dated Aug. 14, 2024, it has filed a filing statement for its previously announced qualifying transaction with Excalibur Metals Corp., that is dated effective Nov. 12, 2024, with the TSX Venture Exchange and on the company's SEDAR+ profile. Additional information in respect of the qualifying transaction and the company can be found in the filing statement.

The qualifying transaction remains subject to the final approval of the exchange and satisfaction of closing conditions customary for transactions of this nature. Assuming all conditions are satisfied, closing of the qualifying transaction is expected to occur on or about Jan. 16, 2025, or such other date as may be determined. The company, upon and subject to completion of the qualifying transaction, will continue under the name Excalibur Metals Corp. and trade through the facilities of the exchange under the symbol EXCL. Final acceptance of the qualifying transaction will occur upon the issuance of a final exchange bulletin which will disclose the proposed date on which the resulting issuer's common shares will resume trading. Until such time, in accordance with the policies of the exchange, the company's common shares are currently halted from trading and will remain so until such time as required by exchange policies.

In connection with the qualifying transaction, Excalibur intends to complete its previously announced non-brokered private placement of subscription receipts. The offering and the qualifying transaction remain subject to the final approval of the exchange. Further details of the qualifying transaction will follow in future news releases.

About Victory Opportunities 1 Corp.

The company is a capital pool company (within the meaning of the policy) incorporated under the BCBCA. The company has not commenced operations and has no assets other than cash.

We seek Safe Harbor.