Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to provide an update regarding commercial production and Covid-19 protocols as production continues at the Eagle Gold Mine (“Eagle”), Yukon, Canada.

Commercial Production

The Company hereby declares commercial production at the Eagle Gold Mine on July 1, 2020. All facilities required at this stage of the mine life are complete. Mining, crushing, processing and maintenance operations are performing at a high level. The Company’s first reporting period under commercial production will be the 3rd quarter ended September 30, 2020.

“Site activities continue to progress well and all facilities and operations are now at or approaching design capacity. This consistent production combined with materially positive operating cash flow has allowed Victoria management to declare commercial production as of July 1, 2020.”, said John McConnell, President & CEO.  “Achievement of commercial production is a meaningful and memorable accomplishment that the entire team is proud to be part of. Special thanks goes to so many contributors, including the local communities and the First Nation of Na-Cho Nyak Dun who have helped us make Eagle a reality.”

COVID-19 Protocols

The Company continues to follow strict Covid-19 protocols at the Eagle Mine site as well as across the Company’s work locations. Yukon is currently in Phase 2 of lifting Covid-19 restrictions. Personnel from Yukon and British Columbia are no longer required to self-isolate prior to coming to site, however, all workers from outside the Canadian territories and BC will self-isolate in Whitehorse for 14 days prior to traveling to site. The Eagle Mine site continues to operate on a 4 week in / 4 week out schedule rather than the normal pre-Covid-19 2 week in / 2 week out schedule.