Dr. Michael Gunning reports

DCIP GEOPHYSICAL SURVEY COMPLETED ON VR'S BONITA PORPHYRY COPPER-GOLD PROJECT IN NEVADA

The 3-D-array DCIP (direct-current induced polarization) geophysical survey is now complete over the Copper Queen target on the company's Bonita porphyry copper-gold project in Nevada.

The survey was completed on time, on schedule and on budget.

The geophysical proposal and agreement for the survey at Bonita was scoped last fall, in follow-up to the company's previous and extensive exploration on the property, including reconnaissance-level drilling. For best practice, the survey design was reviewed again, refined and finalized in person with the team at Dias Geophysical, a leading provider of geophysical services, during the recent AME Mineral Exploration Conference held in Vancouver.

The target at Copper Queen has scale, and the DCIP survey is large, with a grid block of approximately 1.5 by 3.5 kilometres covering the entire hilltop and surrounding lowlands.

The Dias32 survey technology is state of the art, and the resultant data are robust. The 3-D resistivity model will contain in the order of 187,000 data points and the IP model will contain approximately 135,500 data points. Depth penetration for the 3-D modeling will be approximately 400 metres.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are excited to advance our exploration at Bonita and pleased with the field execution by the Dias team, on schedule and on budget.

"The survey covers the entire hill at Copper Queen because it is interpreted to be an alteration lithocap, dominated by secondary albite and hematite alteration and with copper veins at surface at the historic workings at the 1936 mine. The survey is designed to optimize the mapping of sulphide and alteration minerals at depth below the central part of the hill, where the veins come to surface.

"The goal of the survey is clear: to provide a precise exploration vector for follow-up drilling based on the surface mapping and exploration surveys completed to date by VR and, in particular, the porphyry-style copper-sulphide veining intersected in our initial, reconnaissance-style drilling at Copper Queen in 2017, for which there is a clear association in anomalous copper-gold geochemistry.

"Our target here is a buried, alkaline porphyry stock or breccia body with copper sulphide and gold that is central to the alteration, vein dike and breccia system that we have mapped and sampled on surface across the entire hilltop and surrounding lowlands.

"We are excited to provide further details from new DCIP survey at Copper Queen when the data processing, inversions and 3-D models become available."

Technical information

Technical information disclosed by the company has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Technical information contained in this document and on the company's website has been reviewed and approved on behalf of the company by the president and chief executive officer, Dr. Michael Gunning, PhD, PGeo, a non-independent qualified person.

About VR Resources Ltd.

VR Resources 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 mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery, and M&A (mergers and acquisitions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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