Dr. Michael Gunning reports

VR PROVIDES EXPLORATION UPDATE FOR ONTARIO AND NEVADA PROPERTIES

VR Resources Ltd. has provided the following update on its exploration activities:

• Three drill holes completed for 1,035 metres in three different areas of REE (rare earth element) critical metal mineralization at its Hecla-Kilmer project in Northern Ontario. Geochemical data are expected later this summer. The metallurgy and beneficiation study on dedicated drill core from hole 013 is also under way, and results are also expected by late summer.
• The company plans to return to the nearby Northway kimberlite discovery for the completion of an additional drill hole prior to demobilizing the H-K drill program.
• Completion of two state-of-the-art geophysical surveys on the large-footprint, copper-moly-silver porphyry system at its New Boston property in Nevada.

New Boston

The successful close of the $1.9-million financing last month provided the funds to complete two high-tech geophysical surveys at New Boston. The goal is to identify specific targets for drill testing the high-temperature sulphide core of the polymetallic, stockwork and sheeted vein system exposed at surface over a four-kilometre strike length. The company is currently working with fully processed data and final plan maps from both surveys, and expects to report integrated results from 3-D inversion models soon.

From VR's chief executive officer, Dr. Michael Gunning: "The drilling at Hecla-Kilmer went as planned, and our current goal is to get the drill back to Northway for an additional hole into the kimberlite breccia complex before we demobilize the spring drill program. That said, the purpose of this news release is also to remind our shareholders that we have not lost sight of the upside potential of our porphyry copper assets in Nevada.

"Surface work and reconnaissance drilling by Conoco, Gulf and Bear Creek at New Boston in the 1960s and 70s clearly established the scale of the system, but a sector collapse in 1981 left that work unfinished with regard to identifying and drilling a central porphyry stock for the system of sheeted veins exposed at surface. The opportunity for VR is simply to finish the work that was started by Conoco, with the advantage of modern geophysical technologies. Our ultimate goal is twofold:

1. "Identify and drill test the sulphide core of the system;
2. "Confirm with modern ICP geochemical techniques the polymetallic grade potential for copper and silver at New Boston, in addition to its known, world-class grades in moly.

"I would like to thank both Precision and DIAS for making room in their schedules for our surveys this spring. We have worked with both companies on numerous previous surveys, and we look forward to revisiting what their respective technologies and modelling expertise can bring to the table to advance our understanding of New Boston towards drilling and discovering the centre of the large porphyry system."

Technical information

Summary technical and geological information for the company's various exploration properties, including New Boston, is available at the company's website.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, PGeo, vice-president, exploration, and a non-independent qualified person, oversees and/or participates in all aspects of the company's mineral exploration projects, and the content of this news release has been reviewed on behalf of the company by the CEO, Dr. Gunning, PGeo, a non-independent qualified person.

About the New Boston property

Location

New Boston is within the Walker Lane mineral belt and structural province in west-central Nevada. More specifically, it is within the co-spatial belts of Jurassic- and Cretaceous-aged copper and moly porphyry deposits, including the Yerington camp and Hall deposit.

New Boston is located in the Garfield Range in Mineral county, approximately 150 kilometres southeast of Reno. Vegetation is sparse in the range; outcrop or colluvium predominate on the property itself, with quaternary cover developed off its eastern border and eastern flank of the range.

The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of Luning located just five km to the east on State Highway 95 connecting Reno and Las Vegas. The property itself is crisscrossed by a myriad of active, historic trails and roads which are reachable from the highway.

Property description

The New Boston property is large. It consists of 77 claims in one contiguous block approximately three by five km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-moly-silver porphyry-skarn mineral system exposed on surface between Blue Ribbon and East zone, and its inferred down-dip potential to the north.

The property is on federal land administered by the Bureau of Land Management (BLM). There are no state or federal land use designations, or privately owned land which impedes access to, or exploration on the property, nor is the property within the BLM's broadly defined area of sage grouse protection.

The property is owned 100 per cent by VR. There are no underlying annual lease payments to previous owners, nor are there any joint venture or back-in interests. There is an industry-standard royalty attached to the property, including a buyback provision to VR.

About VR Resources Ltd.

VR is an established junior exploration company focused on greenfields opportunities in copper, gold and critical metals. VR is the continuance of four years of active exploration in Nevada by a Vancouver-based private company. The foundation of VR is the diverse experience and proven record of its board in early-stage exploration, discovery, and merger and acquisition. The company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

We seek Safe Harbor.