Mr. Justin Daley reports

VR RESOURCES IDENTIFIES GEOCHEMICAL TRENDS FROM NEW DATA ON COPPER-GOLD VEINS AT SILVERBACK PROJECT, ONTARIO

VR Resources Ltd. has released new data and results of a comprehensive geochemical study at its 100-per-cent-owned Silverback project in Northwestern Ontario, based on core samples from the two scout drill programs across three key target areas known as West dike (WD), Central zone (CZ) and North Arm (NA).

• The new data reveal clear vectors along a dominant northeasterly structural corridor that correlates with anomalous gold zones, and highlight numerous, high-priority and untested zones for follow-up exploration.

Methods

Analysis of base metals and trace elements in epizonal, intrusion-associated mineral systems help to vector along, and map, gold pathways across the project area. By normalizing vector element concentrations such as arsenic (As), antimony (Sb), bismuth (Bi), molybdenum (Mo) and tungsten (W) against titanium (Ti), a stable reference element unaffected by hydrothermal alteration, the analysis eliminates background noise from Silverback's mixed mafic-felsic volcanic and porphyry intrusive rocks, revealing important trends. These relationships and trends can then be used to plan property-scale till sampling.

Key geochemical indicators include:

• Up to 0.34 per cent copper and 2.6 grams per tonne silver were observed alongside 65 ppb (parts per billion) gold in a quartz-sulphide vein at the NA target, located 1.5 kilometres from the main surface showing in the centre of the property, on the same structural trend.
• Each drill target has elevated arsenic over antimony (As/Sb) and anomalous gold on the strongest shear zones, indicating the northeast structures are localizing and concentrating the gold-bearing fluids.
• Tungsten over molybdenum (W/Mo) ratios increase considerably toward the southwest, which is a strong vector for cooler, gold-bearing fluids around the WD target in the southwest part of the property where the highest gold values found in drilling to date are in hole 2.

Drill holes and sample coverage across the target areas are widely spaced, leaving considerable room for discovery of a new mineral system. In addition to the gold-bearing trend already identified, numerous untested DIGHEM conductors and shallow IP anomalies occur along the northeast-trending structural corridors which are interpreted to be key controls on fluid flow and mineralization.

"These geochemical vectors don't just confirm what we've seen in drilling, they show us where to go next as we explore along the three km structural corridor at Silverback," commented Justin Daley, chief executive officer of VR Resources. "The systematic increase in W/Mo ratios toward the southwest supports the higher gold values intersected in hole 002 at West dike being deposited in aligns a lower temperature fluid system, and our new DCIP data shows us exactly where to drill next to follow up on the gold discovered in an altered porphyry unit in hole 002. At the same time, elevated As/Sb ratios within each target area drilled in February highlight northeast-trending structural pathways for gold-bearing fluids moving across the entire property.

"Together, these geochemical trends help us to understand both the broader scale of the system, and provide a clear picture for copper, silver and gold mineralization, and their relationship to conductive and chargeable targets along structures, which will guide follow-up drilling, augmented by property-scale till sampling."

Next steps

To refine the understanding of the mineralizing system at Silverback and build upon the structural and geochemical vectors now in hand from the recent drilling, work planned for the upcoming field season will focus on cost-effective trenching and till sampling, where suitable. Starting with recently drilled targets, and expanding to broader areas of interest, additional geochemical work is anticipated to further test vectoring relationships identified from drill core. These evolving data sets will contribute to the continuing prioritization of targets along the broader mineralized trend for follow-up drilling. Particular attention will be given to untested geophysical DIGHEM conductors and DCIP chargeability anomalies, and structural intersections.

Technical information

Surface grab samples and drill core samples were submitted for geochemical analysis to the AGAT laboratory in Thunder Bay, Ont. Drill core was logged, cut and sampled at the Holbik Exploration warehouse in Upsala, Ont., with sample preparation completed by AGAT in Thunder Bay, alongside gold and PGE determination by atomic absorption assay. ICP-MS analyses for base metals, whole rock and trace elements is performed at AGAT's laboratory in Calgary, Alta. Analytical results are subject to industry standard and National Instrument 43-101-compliant QA/QC (quality assurance/quality control) sample procedures, including the systematic insertion of sample duplicates, blanks and certified reference material (CRM) done both externally and internally at the laboratory by AGAT, as described by AGAT.

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

About the Silverback project

The project consists of 86 mineral claims in one contiguous block covering 4,760 hectares. The project is located on federal Crown Land, with mineral rights administered by the Ontario Ministry of Mines. There is a 2-per-cent net smelter royalty on the claims. There are no annual payments, but the ministry requires certain annual exploration expenditures and reporting (that is, mineral assessment reports) in order to maintain a mineral claim in good standing. Silverback falls within the Lac de Mille Lac First Nation traditional territories.

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. VR applies modern exploration technologies, in-house experience and expertise in greenfields exploration to large-footprint systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early stage exploration, discovery, and M&A (merger and acquisition). The company is financed for its mineral exploration and corporate obligations. VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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