VVC Exploration Corp. announced the commencement of 1,000 meters of reverse circulation drilling on the Cumeral Property located 70 km to the south of the US border, in Sonora State, Mexico. Drilling One mobilized a drill rig onto Cumeral last week from its regional office in Cuauhtémoc, Chihuahua, Mexico, following the issuance by the Mexican Department of Natural Resources and Environment of the required drilling permit. The information from this drilling, along with the detailed geological mapping and sampling on Cumeral which was previously completed previously and reported on June 12, 2012, will allow VVC to efficiently plan the next phase of exploration on Cumeral as the Company seeks to confirm potentially exploitable gold deposits on the Property. In June 2012, VVC announced the results of a geological mapping, rock and soil geochemical exploration program in the southern segment of Cumeral as a part of a National Instrument 43-101 report on the Property prepared by independent geological consultant Michel Boily, PhD, P. Geo. Results from the mapping and rock sampling programs show high gold values (i.e. 0.5 to >10 g/t) in hematized and pyritized quartz veins/veinlets commonly associated with mylonitized, located in gently eastward-dipping, low-angle (20degto 40deg) faults. Geological mapping in the southern segment of the property revealed at least ten gold-mineralized structures generally confined to areas tested by an air track drilling program of 2010. Further results from a soil geochemical survey found three anomalous areas with values of >50 ppb Au are defined within zones characterized by a paucity of outcrops or in unmapped regions. The soil geochemistry, in conjunction with gold assays from rock and soil samples taken from 2010 to 2012, gives a crude NNW-SSE trend of elevated values extending for 4 km.

The Board of Directors of VVC Exploration Corp. began a strategic review process to consider a range of strategic alternatives to enhance shareholder value. The various strategic alternatives might include but are not limited to acquisition of certain mining assets in Mexico, merger or other business combination transaction involving a third party, joint venture, continuation of the VVC’s existing business plan, or any combination thereof. A special committee of directors, Patrick Fernet, Michel J. Lafrance, and Peter M. Dimmell, has been formed to supervise the strategic review process. The Special Committee appointed Fraser Milner Casgrain LLP as its legal counsel for the strategic review process. VVC has not framed a definitive timeline to complete the review and no decision on any particular alternative has been taken. The review may or may not lead to a transaction of any form.

VVC Exploration Corp. is planning to raise capital to fund its Cumeral exploration program and ongoing operations. The terms of the financing will be in accordance with the rules of the TSX Venture Exchange. The details of the financing will be announced over a period of time.