Whitehorse, YT / July 5, 2023 / Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) produced
45,568 ounces of gold during the second quarter of 2023 and 83,188 ounces of gold during the first half
of 2023.
Mr. John McConnell, President and CEO commented, “In Q2 2023, we continued with the record gold
production we achieved in Q1. Over H1 2023, we have produced 47% more gold than H1 2022.”
Eagle Gold Mine Q2/H1 2023 Operational Highlights:
2022 2023 2022 2023
Q2 Q2 H1 H1
Ore mined millions of tonnes 2.2 2.3 3.5 4.5
Total mined millions of tonnes 4.4 4.4 8.0 9.7
Strip Ratio waste to ore 1.0 0.9 1.3 1.2
Mining rate 000’s of tonnes/day 48 49 44 53
Ore stacked on pad millions of tonnes 2.3 2.5 3.2 4.6
Ore stacked grade grams/tonne Au 0.85 0.77 0.81 0.81
Gold produced ounces 32,055 45,568 56,413 83,188
Statistics may be subject to immaterial reconciliation variances.
Both gold grade and metallurgical recovery continue to reconcile well against the Eagle reserve model.
Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as
the “Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About the Dublin Gulch Property
Victoria Gold's 100%-owned Dublin Gulch gold property (the “Property”) is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year round,
and is located within Yukon Energy's electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company's Eagle and Olive Gold Deposits. The Eagle Gold Mine is Yukon's newest operating gold mine. The Eagle and Olive deposits include Proven and Probable Reserves of 3.3 million ounces of gold from 155 million
tonnes of ore with a grade of 0.65 grams of gold per tonne, as outlined in a National Instrument 43-101
Technical Report for the Eagle Gold Mine dated December 3, 2019. The Mineral Resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Eagle and Olive deposits has been estimated to host 227 million tonnes averaging 0.67 grams of gold per
tonne, containing 4.7 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.65 grams of gold per tonne, containing 0.6 million ounces of gold in the "Inferred" category.