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VVC’s Helium Project and Proton Green Continue to Drive Company Growth, The Canadian Business Journal

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Following Successful Annual Shareholders Meeting, VVC Exploration Corporation, dba VVC resource, (“VVC” or the “Company”), (TSX-V:VVC and OTCQB:VVCVF), announced the expansion of its helium and natural gas assets. Additionally, our mining sector continues to grow with the addition of new copper and silica projects.

Backed by Proton Green’s aggressive growth, VVC will leverage its stake in the company to further fund its own strategic initiatives, including the continued development of its helium and natural gas operations and plans to ramp up production at the Gloria Copper Project have the opportunity to provide This growth continues to create significant potential value for VVCs and their investors.

VVC CEO Jim Culver said: “His VVC investment in Proton Green has the potential to bring flexibility to our balance sheet and broaden our funding opportunities in general to grow our helium at a faster rate. .”

“VVC’s expansion and acquisitions reflect our continued focus on future resources. Dr. Terrence Martell said.

Below is a summary of our recent activities. More information is available from his website at https://www.vvcresources.com/presentations.

VVC’s portfolio of helium and industrial gas assets continues to expand

VVC’s helium strategy was to increase its helium reserves primarily by leasing mineral rights in proven oil and gas fields in Kansas and Colorado in the North American helium belt. Each eligible lease has at least one well that has been tested for helium but has never been produced before. This target profile will give VVC more data on where to drill and certainty of gas production capacity.

Over the past 18 months, VVC has acquired significant helium assets. The company will continue to lease to complete multiple helium projects in Kansas and Colorado, and will lease new projects on an opportunistic basis, but our focus is on getting as many resources into production as quickly as possible. is to We currently have 6 projects leased, and he has 3 others that we continue to lease.

Portfolio company Proton Green maintains aggressive growth

VVC owns approximately 14% of energy transition company Proton Green. Proton Green is poised to become one of the leading helium producers and carbon sequestration hubs in North America. The company focuses on green helium production, carbon sequestration, and food grade carbon dioxide production.

Proton Green’s focus project, St Johns, has third-party geological resources of up to 33 billion cubic feet of helium in easily accessible reservoirs capable of producing 1 billion cubic feet of helium per year. Most helium is extracted from natural gas deposits, but the helium produced at St. John’s is unique in that it is hydrocarbon-free. In addition to helium production, Proton Green has the capacity to inject 22 million tons of CO.2 It has a total storage capacity of over 1 billion tonnes per year and is eligible for tax credits related to carbon capture.

VVC will leverage Proton Green’s 14% ownership to finance additional helium wells in the next phase of helium development at the currently leased Kansas facility, and potentially other I’m trying to fund a project.

VVC adds copper and silica properties to its mining portfolio while preparing Gloria for production

Gloria Copper Project: Gloria, VVC’s near-fully-licensed copper project, combines 184 million pounds of indicated and inferred copper resources in less than one-third of known mineralized zones. It hosts copper oxide mineralization. During the COVID shutdown, our team in Mexico stepped up our handling methods. This is expected to lead to higher recoveries than previously expected for copper, gold and silver in mineralized rocks. Subject to securing sufficient funding, the Gloria Project will be ready for pilot mining and can begin producing copper, gold and silver within nine months of funding.

El Recreo and La Osa: VVC has filed claims for two copper and gold properties scheduled in Mexico in 2021, pending approval. El Recreo is a 2,000+ acre copper and gold estate near Mazatlan and La Osa is a 3,000 acre copper and gold estate in Northern Sonora. Both of these are exploration properties.

silica: New business for VVC – The company has seen the value of silica enhanced by the energy transition in recent years and is looking to capitalize on this opportunity. VVC is exploring multiple avenues for silica production. Waste rock from one of VVC’s current projects can now be refined into 98% pure silica. Additionally, VVC claims that northern Sonora contains over 90% naturally occurring pure silica. The company is also looking to acquire additional claims in the western United States and is targeting the launch of its silica division in 2023.

Amendment of loan agreement

The previously announced US$1.25 million short-term loan from the Chairman of the Board has been increased to US$1.5 million. The loan expires on November 30, 2022 for him, but will likely be extended. The annual interest rate is the secured overnight loan rate plus his 2.75%. The loan is now backed by his 1% interest on the company’s Proton Green investment.

The funds were used to pay outstanding debt and complete the Syracuse gas collection system.

About VVC resources
VVC is engaged in the exploration, development and management of natural resources, the scarce and increasingly valuable resources needed to meet the growing high-tech demands of industries such as manufacturing, technology, medicine, space travel and the expanding green economy. We specialize in materials with Our portfolio includes diverse multi-asset high-growth projects. Copper and related metals operations in northern Mexico. Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based company listed on the TSXV (TSX-V:VVC) and OTC markets (OTCQB:VVCVF). For more information, please visit: www.vvcresources.com.

On behalf of the Board of Directors
Michel J. Lafrance, Secretary Treasurer
For more information, please contact:
Patrick Fernet – (514) 631-2727 or Trevor Burbank – (214) 641-1041
Email: [email protected] Email: [email protected]

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7Phone: 416-619-5304

Future outlook:

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995). is included. Such statements or information may not be used to “anticipate,” “believe,” “expect,” “plan,” “intend,” “may,” “estimate,” “suggest,” “plan Identified by words such as “will”, “outlook”, etc. “Foresight” or similar words implying statements regarding future results or prospects. Such statements include, among others: Continued development…. Growth continues to create significant potential value. Expand your funding opportunities to enable growth potential. Copper, helium and silica will continue to be in short supply in the near future. Lease new projects on an opportunistic basis. Possessed to become one of his leading helium producers, …; raising capital leveraging his 14% ownership interest in Proton Green. Conducting a mining pilot, from funding he can start producing copper, gold and silver within nine months. We are exploring multiple avenues for silica production. It is also considering acquiring additional claims in the western United States and has set a target launch date for its silica division in 2023. The loan expires on November 30, 2022, but will likely be extended.etc

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions and may cause actual results or other expectations to differ materially from expectations and may be inaccurate. It may turn out. In relation to, among other things, management’s expectations regarding acquisitions, helium production, future development and growth, planning and completion of projects by third-party relationships with the company, the availability of capital, and the need to incur capital and other expenditures. , assumptions are made. Actual results may include, but are not limited to, operational risks in completing Company’s anticipated projects, delays or changes in plans for the development of Company’s anticipated projects due to Company’s relationships with third parties, and risks related to Covid. It can vary significantly depending on many factors, including but not limited to: -19, risks affecting the ability to develop projects; risks of legal changes in applicable jurisdictions; risks inherent in operating in foreign jurisdictions; ability to attract key personnel; risk. There is no guarantee that our efforts will be successful.

Although we believe that the expectations reflected in any forward-looking information or statement are reasonable, prospective investors in our securities should not place undue reliance on forward-looking statements. not. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and we do not update such forward-looking information and statements except as required by law. or under no obligation to correct.

Investors are advised that despite the expectations set forth herein, there is no guarantee that the plans set forth herein will be completed as proposed. Trading in securities of VVC should be considered highly speculative. All forward-looking statements contained in this press release are governed by these cautionary statements and Canadian SEDAR filings ( www.sedar.com).


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VVC’s Helium Project and Proton Green Continue to Drive Company Growth, The Canadian Business Journal

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