Victory Completes Acquisition of Northeast Glasgow Prospect Containing 5,000,000 Barrel Reserve Estimate

Victory Capital Holdings Corporation (OTC BB: VTYC) announced today that it has completed the acquisition of the Northeast Glasgow Prospect, Williston Basin Valley County, Montana. The Prospect consists of approximately 2000 acres where Victory intends to drill six to ten wells.

"With reserve estimates of 5,000,000 barrels of oil, we intend to immediately begin the permitting process for drilling the Northeast Glasgow Prospect," said Jon Fullenkamp, CEO of Victory Capital Holdings Corp. "We expect road and location construction to begin without delay and we have already begun seeking contracts for available drilling rigs," added Mr. Fullenkamp. "We are extremely excited to begin this oil and gas project."

The Glasgow Prospect lies on the western edge of the Williston Basin which covers much of North East Montana, the Lustre Field is the closest producing field, where production is found in the Mississippian carbonates which include the Charles, Ratcliffe and Mission Canyon zones. The Devonian Nisku is also productive in this area. All of these formations are expected to be present in the Northeast Glasgow Prospect. The drill site for the Prospect is located on the crest of a well-defined seismic structure which also has interval thinning indicating paleo history. A large northeast-southwest trending fault along the northwest flank of the Prospect is obvious from the seismic.

About Victory Capital Holdings Corp: Victory Capital Holdings Corporation (http://www.vtyc.com) is a publicly traded company primarily dedicated to energy related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

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