Victoria Announces Recent Drill Results and Conference Call.

VANCOUVER, British Columbia -- Victoria Resource Corporation (TSX VENTURE:VIT), a 33% owned affiliate of Bema Gold Corporation, announces that the Phase 1 deep drilling program at its Mill Canyon project in north-central Nevada has outlined a very large "Carlin Style" alteration system as part of its RJR target zone in the southern portion of the property. A conference call will be held at 10:00 am PST / 1:00 pm EST on February 8, 2005 to discuss these results. To access the call, please dial 416-695-9753 or within North America toll free at 1-877-888-4210. A playback of the call will be available for one week after the call at 416-695-5275 or 1-888-509-0081.

Seven holes totaling 4850 metres were drilled to follow-up, the previously announced, hole OC-36 which intersected high grade gold in the RJR zone (25.9 metres grading 10.4 g/t gold). All of the new holes intersected a very broad zone of dolomitized and brecciated limestone cut by numerous silica flooded zones. Anomalous gold occurs throughout the alteration and breccia zone with values up to 1.175 g/t gold over 39.6 metres in RJR-3 and 1.58 g/t gold over 22.3 metres in RJR-4. Due to the size and intensity of the system, along with the zonation of alteration established by this drilling, management believes that the primary target in the RJR zone is at depth. This target represents the potential mineralized feeder zone that is the possible source of the high grade breccia zone encountered in hole OC-36.

The RJR alteration and mineralized zone is at least 600 metres long, 215 metres wide and at least 600 metres deep. It lies beneath an extensive 150 metre thick calcite halo located 150 metres below surface. Below the calcite halo is a strong decalcification zone which merges downward into a 300 to 450 metre thick complex of breccias within a strongly dolomitized zone. The breccia zone consists of brecciated and sulphidized hydrothermal dolomite with minor, silica-flooded zones (locally sulphidized) that form a series of capping jasperoids within the larger dolomitic zone. The highest grade gold-bearing zones are associated with siliceous, fluidized microbreccias with abundant, multi-generation arsenic rich sulphides. Hole OC-36 was studied using Scanning Electron Microscope (SEM) and microprobe and was found to contain 0.333 to 1.7 micron-long gold blebs associated with arsenical pyrite and arsenopyrite that occur as overgrowths on corroded, earlier sulfides. These earlier sulfides have been transported in the fluidized breccias and cross cut the thick dolomite zones and are therefore thought to represent leakage zones from deeper in the system, which further supports the belief that the primary target is at depth.

Due to the size of the RJR system, the extensive alteration zones that may have acted as thick capping zones, and the cross-cutting fluidized breccias carrying gold into the upper part of the system, Victoria plans on drilling a second phase of drill holes beyond the dolomite zone to test for a silica-network, more gold rich portion of the system at depth. In addition, more drilling will be done to define the shape of the breccias intersected in OC-36.

New results are summarized as follows.

Hole      From      To    Length      Au g/t            Comments
             m       m         m

OC-37    139.0   141.7       2.7      18.540

OC-40    160.9   164.0       3.0       2.566

RJR-2A   702.9   709.0       6.1       1.346
         728.8   739.5      10.7       0.437
         745.2   747.2       2.0       1.780

RJR-3    393.2   415.8      22.6       0.354
         419.9   433.3      13.4       0.409
         440.1   456.9      16.8       0.509
         467.6   478.2      10.7       0.508
         547.1   556.9       9.8       0.582
         568.5   580.7      12.2       0.377
         629.7   646.8      17.1       0.401
         650.8   655.3       4.6       1.526
         679.7   682.8       3.0       0.766
         727.0   728.5       1.5       0.941
         734.6   736.1       1.5       1.028
         759.4   760.8       1.4       2.465
         807.7   847.4      39.6       1.175

RJR-4    198.4   201.5       3.0       0.640
         439.8   464.5      24.7       0.349
         484.9   496.2      11.3       0.410
         503.2   519.7      16.5       0.702
         639.2   642.2       3.0       0.832
         653.2   661.7       8.5       0.356
         665.7   672.9       7.2       0.268
         718.1   740.4      22.3       1.581

MAZ-1A   595.9   599.9       4.0       1.130       North section
                                                 of the RJR zone
         665.1   666.3       1.2       0.884
         683.7   692.8       9.1       0.445

RJR-5     71.3    76.2       4.9       0.462
         112.8   114.3       1.5       0.821
         592.2   593.5       1.2       0.730
         629.6   630.9       1.4       1.120
         786.4   789.4       3.0       3.325
         792.2   794.0       1.8       0.751

Holes OC-37 to 41 were drilled in the Open Cut area to locate the mineralization below a mineralized sill. Gold mineralization was intersected in holes 37 and 40 above the sill and the other holes failed to drill through the sill. The deep target in this area remains a valid, but secondary target.

Drill core is logged, photographed and cut in half with a diamond saw on site. One half of the HQ diameter core is shipped to BSI-Inspectorate Laboratory in Reno, Nevada. Analysis by BSI Labs includes gold fire assay with atomic absorption (AA) and gold fire assay with gravimetric analysis on all samples grading greater than 3.0 grams per tonne gold. Victoria uses certified control standards, duplicates and coarse field blanks inserted into the sample stream to the lab to monitor lab performance. The qualified person under National Instrument 43-101 is Tom Garagan, P.Geo.

For further information on Victoria please email [e-mail] or visit our website at www.victoriaresource.com.

Victoria Resource Corporation trades on the TSX Venture Exchange under the symbol VIT.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Drill hole locations.

Hole ID   Easting   Northing   Elevation   Azimuth   Dip   Length m
OC-37      536401    4447168        2249        25   -62    416.4
OC-38      536401    4447168        2249       208   -54    629.1
OC-39      536465    4446962        2154       319   -44    449.9
OC-40      536401    4447168        2249        32   -57    327.1
OC-41      536384    4447099        2249        86   -45    195.7
OC-41A     536384    4447099        2249        82   -45    861.7
RJR-1      536842    4446828        2110        68   -45    598.3
RJR-2      536842    4446828        2110        83   -62    762.0
RJR-2A     536842    4446828        2110        80   -58    937.6
RJR-3      536842    4446828        2110       108   -60   1036.0
RJR-4      536895    4446655        2189       115   -70    742.2
RJR-5      536821    4447083        2049       120   -45    457.2
MAZ-1      536886    4447253        2019       133   -80    457.2
MAZ-1A     536886    4447253        2019       110   -70    457.8

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Victoria Resource Corporation (TSX VENTURE:VIT)