Mr. Michel Lafrance reports

VVC SETTLES FUTURE PROPERTY LIABILITY BY ISSUING WARRANTS

Pursuant to an agreement entered into with Orford Resources Inc. on Aug. 24, 2020, VVC Exploration Corp., dba VVC Resources, has acquired Orford's share of the Kaity property in Mexico. VVC is now the sole beneficial owner of the property which is held in its Mexican subsidiary. The property is the host of the Gloria copper project.

The company's interest in the property is however encumbered, because of its obligation to make a payment of $400,000 (U.S.) to Orford following the receipt of production revenue from the property. The company has negotiated with Orford to discharge the $400,000 (U.S.) payment obligation in consideration for the issuance to Orford of 10 million warrants exercisable at six cents per share and expiring in five years from the closing of the transaction. This transaction is subject to the approval of the TSX Venture Exchange and must close by Dec. 31, 2023. The TSX-V is currently reviewing the application.

The settling of this obligation by issuing warrants is beneficial to the company, since this liability with be removed, freeing up future cash flows that may be deployed in other operational areas.

About VVC Resources

VVC engages in the exploration, development and management of natural resources -- specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel and the expanding green economy. Its portfolio includes a diverse set of multiasset, high-growth projects, comprising: helium and industrial gas production in the Western U.S.; copper and associated metals operations in northern Mexico; and strategic investments in carbon sequestration and other green energy technologies.

VVC is a Canada-based, publicly traded company on the TSX-V and on the OTC Market.