Dr. Michael Gunning reports

VR SAMPLES WIDESPREAD HIGH-GRADE COPPER-SILVER MINERALIZATION AT NEW BOSTON IN NEVADA, AND SUBMITS DRILL PERMIT APPLICATION TO THE BLM.

VR Resources Ltd. has provided an exploration update for its New Boston polymetallic copper-moly-silver porphyry system located in west-central Nevada.

VR completed a site visit to New Boston in August for two reasons:

1. Sample stockwork copper-silver veins across the property in order to obtain modern inductively coupled plasma mass spectrometry geochemical data spanning the entire four-kilometre breadth of the polymetallic porphyry system;
2. Site drill pad locations in the field in order to submit a notice of intent drill permit (NOI) application to the Bureau of Land Management, Nevada.

Context from VR's chief executive officer, Dr. Michael Gunning: "Conoco branded New Boston as a world-class, and perhaps one of the largest known, moly systems in the world at the time, during the porphyry exploration boom in western North America during the 1960s and 1970s, before exploration came to a grinding halt in 1981. The data and rock photos in this news release illustrate how, some 40 years later, modern ICP-MS geochemistry highlights the true polymetallic nature of the porphyry system, and how widespread the high-grade copper-silver veins actually are on surface across the four km alteration footprint at New Boston.

"Despite the grades in the new grab sample assays, they are not the target. The state-of-the-art geophysics completed by VR in April, with technologies literally not available to Conoco in the 1970s, paints a clear picture for a central porphyry stock target with concentrated vein stockworks of conductive copper sulphide. The conductor comes to surface and plunges for 900 metres to the west into the bowl, open, without a single historic drill hole into it. With our permit, we intend to change that!

"Why now? The U.S. government has recently added copper to the top of its critical metal list for domestic, raw material supply for sustainable, downstream technologies and industries as the green economy emerges. Nevada has both a long history in mining and a well-established pedigree and endowment in copper, and we believe New Boston has both the size and polymetallic grade composition to contribute.

"We have been working with the BLM on this NOI drill permit application for the past month or so, and no hurdles or impediments have been identified. We have worked with the BLM on numerous other projects over the past decade, and we anticipate the same transparent and efficient process for New Boston.

"With that, we look forward to providing further updates as our exploration at New Boston advances."

Technical information

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

VR submits all surface grab samples and/or drill core samples collected from Nevada-based exploration projects for geochemical analysis to the ALS Global laboratory in Reno, Nev. Sample preparation is completed in Reno. Analytical work is completed at the ALS laboratories located in Vancouver, B.C., including ICP-MS analyses for base metals and trace elements, and gold determination by atomic absorption assay. Analytical results are subject to industry-standard and National Instrument 43-101 compliant quality assurance/quality contorl sample procedures at the laboratory, as described by ALS.

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 km 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 impede access to 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, nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada, and most recently, a kimberlite breccia pipe discovery in Northern Ontario. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery, and mergers and acquisitions. The company 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.