TORONTO, ONTARIO–(MARKET WIRE)–May 27, 2009 — Victoria Gold Corp. (CDNX:VIT.V – News) (“Victoria” or “the Company”) is pleased to announce that 95.97% of the shares of StrataGold Corporation (“StrataGold”), voted at the special meeting of the shareholders of StrataGold held in Vancouver on May 26, 2009, representing well over the required two-thirds, voted in favor of the acquisition of StrataGold by Victoria (the “Acquisition”).
Mr. Chad Williams, President, CEO, and a Director of Victoria said “The acquisition of StrataGold is an important and positive milestone for Victoria for the following reasons:
– Increases Victoria’s total National Instrument 43-101 (“NI 43-101″) gold resources from 1.2 million ounces to 4.4 million ounces with just 17% equity dilution reflecting an acquisition cost of under $3 per gold ounce per share at a time when the gold price is nearing all-time highs,
– Provides Victoria with control of StrataGold’s gold project portfolio that has substantial exploration and possible mine development growth potential, much of which is located in lower-risk jurisdictions,
– Adds gold assets to which Victoria will use its proven exploration and mine development expertise to add value per share.”
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