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Message: Buy Recommendation in Jay Taylor's in Gold, Energy & Tech Stocks" Newsletter

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Buy Recommendation in Jay Taylor's in Gold, Energy & Tech Stocks" Newsletter

posted on Nov 14, 11 02:25PM

Victoria Gold Corp (TSXV:VIT) Receives Buy Recommendation in Jay Taylor's "Gold, Energy & Tech Stocks" Newsletter - Video Summary Posted on www.InvestmentPitch.com

Thomson Reuters ONE

Vancouver, British Columbia, November 14, 2011 - Jay Taylor, in the latest edition of J. Taylor`s Gold, Energy & Tech Stocks newsletter, features Victoria Gold (TSXV:VIT.V - News), giving the company a buy recommendation. Victoria Gold is developing the first new gold mine in the Yukon.

InvestmentPitch.com has produced a "video news alert" based on the report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Victoria" in the search box.

Highlights from the Report

Jay stated "This company appears to be on its way to establishing a successful gold mining operation. And if I am right about that, these shares should begin to move rather dramatically in the not too distant future."

Jay has given the company a buy recommendation and bases his report on the following calculations.

Economic work to date on the Eagle Gold Project suggests 175,000 ounces of annual production at a cost of about $600 per ounce. With gold at $1,600, that provides $175 million per year against an initial capital cost of $350 million. With 7.7 million ounces of gold already outlined, this would provide the project with a mine life that could approach 40 years or longer. Moreover, the resource is likely to grow further, based on extensive drilling this year.

Jay expects to know more about this large-scale project when a bankable feasibility study is completed, which is scheduled for the end of this year.

Jay notes the company also has some attractive properties in Nevada. The Mill Canyon Project, which is currently being drilled, is adjacent to, and on trend of Barrick`s recent discoveries. The Cove-Helen Project has 231,000 ounces of high-grade gold as an underground resource. The company also has the early stage Santa Fe Project, which has been the object of a mapping and soil sampling program.

Jay believes that just on the basis of its flagship property in the Yukon, this stock looks significantly undervalued.

Jay cautions potential investors that this is a high risk/high reward prospect and suggests you cap any allocation in junior resource stocks to no more than 5% of your portfolio.

Subsequent to Jay`s report, the company closed a bought deal of 46.8 million common shares at $0.46 and 15.6 million flow-through shares at $0.55 per share.

BMO Capital Markets acted as lead underwriter for the offering which raised the company about $30 million.

John McConnell, President & CEO commented, "Completing this financing during these difficult market conditions speaks to the quality of Victoria`s assets and strength of our team. We expect the proceeds from this offering to see us through to a project financing decision and the start of construction of the Eagle Gold Mine."

Victoria Gold currently trades at $0.46, and with approximately 339 million shares outstanding, the company is capitalized at $156 million.

For more information about Victoria Gold, please visit www.vitgoldcorp.com
or contact John McConnell at 416-866-8800.

InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short, three minute videos based on news releases and research reports.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com

http://www.investmentpitch.com/media/1095/Victoria_Gold_Corp._TSXV:_VIT_News_Alert/

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