Victoria Gold Obtains Receipt for Final Prospectus

TORONTO, ONTARIO--(Marketwire - February 01, 2010) - Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or "the Company") announces that it has obtained a receipt for a final short form prospectus, dated January 26, 2010, qualifying the distribution of 23,809,522 common shares of Victoria (the "Underlying Shares"), issuable upon the exercise or deemed exercise of the previously issued 23,809,522 special warrants of Victoria (the "Special Warrants").

Pursuant to the terms of the special warrant indenture governing the Special Warrants, all of the outstanding Special Warrants will convert into the Underlying Shares without any further action by the holders thereof on February 1, 2010.