TORONTO, ONTARIO--(Marketwire - Jan. 20, 2012) - The Board of Directors of Victoria Gold Corp. (TSX VENTURE:VIT) (the "Company") has granted 6,115,000 options to employees, directors and officers of the Company. The option grant is the result of the Company's normal course annual compensation review and the issuance is made under the stock option plan of the Company which was approved by shareholders of the Company on August 18, 2011. The options will vest over an 18-month period and have an exercise price of $0.40, and are exercisable for a period of five years from the date of the grant thereof.

About Victoria

Victoria is a high growth gold company with a focus on adding value per share through efficient exploration, project development, accretive acquisitions and effective marketing. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria's management team.