TORONTO, ONTARIO--(Marketwire - Oct. 5, 2010) - Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or the "Company") is pleased to provide exploration results from the Santa Fe gold exploration property located in Mineral County, Nevada.


Victoria completed five additional diamond drill core holes at Santa Fe bringing the total number of holes drilled by the Company on this property to twelve. Selected significant intercepts from these newest holes drilled into the BH zone are shown below (BH-8 is discussed later in this release):


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BH Zone Selected Significant Gold Intercepts
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From (m) To (m) Interval (m) Grade (g/t)
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BH-7 44.8 96.9 52.1 1.41
Plus 429.2 551.1 121.9 1.23(ii)

BH-9 87.8 107.6 19.8 1.93
Plus 116.7 154.8 38.1 2.31

BH-10 129.2 157.9 28.7 1.91
Plus 316.7 366.8 50.1 1.00

BH-11A 84.7 98.9 14.2 2.47
(ii)includes a single 1.5 m interval with less than 0.30 g/t
gold
Minimum grade equal to 0.30 g/t gold
True thickness of the individual intervals is unknown
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Detailed assay data and drill hole location maps for these holes can be found at http://www.vitgoldcorp.com/">www.vitgoldcorp.com.


"The size of the known gold mineralized envelope in the BH area grew -- especially to the south-east -- through these drill results", commented Chad Williams, CEO, President, and Director. "The information gained from these holes added significantly to our understanding of the gold mineralizing system in the BH area and we were pleased to continue encountering multiple assays over 1 g/t gold over significant drill intervals in all the recently completed drill holes."


Diamond drill holes BH-7, BH-9, BH-10, and BH-11A were designed to further define the geometry of the BH zone and more fully understand the implications of post mineralization faulting in the immediate area.



-- BH-7 was successful in intersecting two mineralized zones (52.1 m of
1.41 g/t gold and 121.9 m of 1.23 g/t gold).

-- BH-9 intersected significant gold values in the upper 141 m including 38
m of 2.31 g/t gold; this hole was designed to cross the strike of the
post-mineral fault zone intersected in previously drilled and reported
holes BH-2, BH-3, and BH-6.

-- BH-10 targeted extensions of the mineralization to the east of the
existing open pit and intersected an upper zone (28.7 m grading 1.91 g/t
gold) and a lower zone (50 m grading 1.0 g/t gold) before ending in
granite.

-- BH-11A targeted extensions of the BH-7 mineralization.



BH-8 was an important step-out hole since it was collared approximately 500 m west of the main BH zone mineralization. This was the first hole drilled by Victoria in this area. The Company views the drilling of BH-8 as a success since it extended the gold mineralization below the existing open-pit and confirmed the gold mineralization intersected by a nearby historic hole.


The BH-8 gold assays are shown below:



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From (m) To (m) Interval (m) Grade (g/t)
143.6 149.7 6.1 1.52

Plus 181.7 184.7 3.0 2.18

Plus 187.8 195.4 7.6 0.48

Plus 204.5 217.9 13.4 0.81

Plus 219.5 222.5 3.0 0.66

Plus 238.0 257.9 19.8 0.88

Plus 259.4 270.1 10.7 1.16

Plus 271.6 303.6 32.0 0.81

Plus 318.8 342.6 23.8 0.86

Plus 392.4 395.0 2.6 1.08
Note: All intervals with greater than or equal to
3.0 m at greater than or equal to 0.300 g/t
gold
Minimum grade is 0.300 g/t gold, with no waste
included
Poor core recovery from 0-63.4 m depth
True thickness of the individual intervals is
unknown
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Next Steps at Santa Fe


Exploration by Victoria at Santa Fe remains at an early stage. Alteration and elevated gold values occur in many different areas throughout the large 1,670 square km property. In addition to drilling, Victoria plans to initiate geophysical and geochemical surveys to better define areas that have the potential to host significant gold mineralization both near surface and at depth in the BH area and elsewhere on the property, culminating in the calculation of a National Instrument ("NI") 43-101 resource calculation in 2011.


Santa Fe Background


Victoria has the right to earn from Homestake Mining Company of California, an indirect subsidiary of Barrick Gold Corporation (TSX:ABX)(NYSE:ABX), up to a 70% interest in the Santa Fe gold property, which comprises 24 patented claims and 226 unpatented claims, by incurring exploration expenses in an aggregate amount of at least US$6.5 million over a six year period. Cumulative expenditures against the US$6.5 million earn-in are approximately US$3.0 million. Victoria has also staked 42 unpatented claims within the Area of Interest for the Santa Fe project. Homestake Mining does not have a back-in right with respect to the Santa Fe project.