The results of initial underground sampling at the La Reforma project have been received. The samples were collected from channels cut across vein material in skarn at the 690 level. From 29 samples taken along the drift over a length of 80 metres show weighted average values as follows:

Silver: 231.48 grams per tonne
Copper: 0.84% tonne
Lead: 6.00% tonne
Zinc: 14.12% tonne

Level 690 was also the site of limited stoping. In addition to the samples taken along the drift, samples were also taken from accessible faces in the stopes bringing the total number of samples to 44. The weighted average values of all samples taken from Level 690 to date are as follows:

Silver: 183.00 grams per tonne
Copper: 0.73%/ tonne
Lead: 4.32%/ tonne
Zinc: 10.94%/ tonne

It should be pointed out that samples taken in the stoping area are not regularly spaced due to difficulty of access. Further sampling will require the use of ladders. Level 690 has an estimated back (height) of 20m.

This initial underground sampling is part of a continuing program of the company evaluate the resource potential of the La Reforma property. Additional sampling is planned for the lower levels at Level 680, Level 650 and Level 620 over a cumulative strike length of 350m and average backs (height) of some 60m. These levels are presently accessible through existing portals. This sampling program will be augmented by surface and underground diamond drilling. Underground drilling stations can be constructed at minimum cost.

“We are very encouraged by the consistent results from the underground sampling especially over a significant length of 80 metres,” stated Wally Boguski, President and CEO. “The company will continue to advance the planned drilling and sampling work programs. These results have demonstrated the same highly anomalous results for Copper, Silver, Zinc and Lead as previous historic results and bring the company a significant step closer to the goal of determining a resource estimate.”

For more information contact Corey Safran, investor Relation, at 609-228-0595, or by email at: corey@vrcorpusa.com

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly owned by Penoles in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of Sinaloa and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in British Columbia, Canada. The Au-Wen property is 100 % owned by Victory Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic Aspen Grove mining camp in south-central British Columbia, Canada. The property is comprised of 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.

On behalf of The Board of Directors of Victory Resources Corporation. 

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Source: Victory Resources Corp

The most recent drill hole on the La Reforma that encountered significant mineralization was RDH 11 which intersected a zone from 198.12m to 207.87m of galena, sphalerite and chalcopyrite in skarn. Drill core samples were sent to ALS Chemex in Hermosillo, Mexico for analysis.

The current surface drill program is to explore for geological extensions of the main La Reforma structure particularly at depth. In connection with the overall exploration program of La Reforma the company expects to announce shortly assay results of underground sampling of sulfide bearing skarn in old drifts, sub-levels and stoping areas that has recently become accessible. The ongoing work programs are intended to outline the vein system to the South as well as to the North of the main structure.

“The main objective of the current exploration program is to define a mineral resource of substantial scale to justify a preliminary economic assessment,” stated Wally Boguski, President and CEO, “We are very encouraged that the results previously announced demonstrate highly anomalous results.”

The La Reforma Property was operated by Penoles Industries SA de CV between the years 1968 to 1980. During this period of lower metal prices, the La Reforma mine processed 1.8 million tons of complex ore grading an average of 91.62 grams per ton Ag, 1.90%, Pb, 7.44% Zn and 0.63% Cu.

Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release

For more information contact Corey Safran, investor Relation, at 609-228-0595, or by email at: corey@vrcorpusa.com

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly owned by Penoles in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of Sinaloa and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in British Columbia, Canada. The Au-Wen property is 100 % owned by Victory Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic Aspen Grove mining camp in south-central British Columbia, Canada. The property is comprised of 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.

On behalf of The Board of Directors of Victory Resources Corporation. 

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

LAKEWOOD, Colo., July 24, 2012 (GLOBE NEWSWIRE) – Pershing Gold Corporation (OTCBB:PGLC) announces that since acquiring a lease agreement with Newmont USA Ltd. (NYSE:NEM) in April 2012 for private lands and mining claims adjacent to the Relief Canyon Mine, the Company has spent approximately $1.4 million to drill 23 core holes on private lands and to perform geophysical surveys on private lands and mining claims leased from Newmont. These expenditures fulfill Pershing Gold’s 2012 annual work commitment to Newmont. Management believes that this work accomplished two key objectives: 1) to advance the Relief Canyon Mine towards resuming production; and 2) to explore and make new discoveries on Pershing Gold’s landholdings surrounding the Mine. In 2012 Pershing Gold has spent a total of $3.3 million, including the $1.4 spent to fulfill the work commitment, on exploration and development to further these objectives.

Drilling has extended the mineralization to the west of the Southwest Pit. Drilling results for the first 12 holes of the Phase II 2012 drilling program were released earlier this month (See press release dated July 12, 2012); results are pending for the remaining 11 holes. This drilling, and a portion of the Company’s geophysical surveys, were completed on lands subject to the Area of Interest (“AOI”) that were acquired in the transaction closed April 5, 2012 with Victoria Gold Corp. (TSX-V:VIT-V) and Newmont (See press release dated April 13, 2012). Pershing Gold Management expects this drilling effort to increase the resource at the Relief Canyon Mine.

A map featuring Pershing Gold’s land holdings is available at:http://media.globenewswire.com/cache/19459/file/14686.pdf.

Because the expenditures incurred for the Phase II 2012 drilling program and geophysical surveys have satisfied and exceeded the 2012 work commitment under the Newmont lease, Pershing Gold has applied the remaining credit amount towards its 2013 work commitment.

“Exceeding our 2012 work commitment has advanced our progress towards completing our 2013 work commitment,” said Stephen Alfers, Pershing Gold’s Executive Chairman and CEO. “Now that we’ve satisfied the work commitment, our geologic team plans to pursue compelling targets that we have identified on lands controlled by Pershing Gold outside of the Area of Interest.”

Outside of the AOI, Pershing Gold controls a 100% interest in 1,100 acres at the Relief Canyon Mine owned by Pershing Gold’s subsidiary Gold Acquisition Corporation, and 13,500 acres of wholly-owned claims in the Pershing Pass area south of the Relief Canyon Mine.

Geophysical surveys identified several areas on these other lands that may contain buried targets that merit drilling. The Company has drilled one such target at the Pershing Packard Project located near Pershing Gold’s northern property boundary and the border shared in common with neighboring Coeur d’Alene Mines Corporation (NYSE:CDE) and (TSX:CDM). Preliminary examination of the core reveals intervals of mineralized and altered sedimentary and metavolcanic rocks. The Company believes that the alteration and mineralization observed are typical of the styles found in producing mines and known deposits in the Humboldt Range near the Relief Canyon Mine property. Detailed logging of core samples and assay results are pending.

About Pershing Gold Corporation

Pershing Gold Corporation is a new gold exploration and development company focusing on acquiring, exploring, and developing gold deposits in Pershing County and elsewhere in Nevada. The Relief Canyon Mine property in Pershing County is owned by its subsidiary, GAC.

Legal Notice and Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein including the anticipated exploration on Pershing Gold’s Relief Canyon properties, results of drilling, interpretations of exploration results and other geologic information at Relief Canyon, advancement towards production at Relief Canyon, anticipated development of a resource at the Relief Canyon properties and the anticipated increase of that resource based on the results of Phase II drilling, and those preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,” “plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, inability to obtain external financing to fund planned exploration or maintain property rights, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for its planned exploration and other activities, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the SEC including the Annual Report on Form 10-K for the year ended December 31, 2011 and each subsequently filed Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.

CONTACT: Stephen D. Alfers, Executive Chairman, President and CEO
         Phone Number:  720.974.7248
         Email: Info@pershinggold.com
         www.PershingGold.com

Source: Pershing Gold Corporation

Released July 24, 2012

The Boleo property is comprised of a total of 13,234.65 hectares (spread over four mining concessions), is almost 25 km long in a northerly direction and up to 8.75 km wide. Recent soil and rock chip sampling defined coincident geochemical anomalies of copper, silver and zinc covering an area 1000 m long and 600 m wide.

The plans for an active work program have already begun including mapping and sampling of the known prospective resource areas of El Boleo property. With the closing of this transaction, the company now has option agreements for the El Boleo property and the adjacent Reforma property that combined is 20,460 hectares of contiguous property. “

The completion of the acquisition of the El Boleo property greatly expands the resource potential for the company and, also, of proving a significant resource for an economically viable mine,” said Wally Boguski, president and CEO. “We look forward to the advancement of both the El Boleo and the Reforma properties in Mexico with a near term goal of a resource definition.”

For more information contact Corey Safran, Investor Relations, at 609-228-0595, or by email at corey@vrcorpusa.com.

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly owned by Penoles in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of Sinaloa and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in British Columbia, Canada. The Au-Wen property is 100 % owned by Victory Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic Aspen Grove mining camp in south-central British Columbia, Canada. The property is comprised of 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.

On behalf of The Board of Directors of Victory Resources Corporation. 

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Source: Victory Resources

LAKEWOOD, Colo., July 12, 2012 (GLOBE NEWSWIRE) – Pershing Gold Corporation (OTCBB:PGLC) announces results from the first 12 holes of its Phase II 2012 drilling program. Pershing Gold drilled 23 core holes (approximately 14,700 feet) on lands at the Relief Canyon Mine properties, completing its Phase II 2012 drilling. These holes are located west of the current pit boundary (Figure 1) on private lands that Pershing Gold leases from Newmont USA Limited, a subsidiary of Newmont Mining Corporation (“Newmont”) (NYSE:NEM).

Figure 1. A map featuring Pershing Gold’s Phase II 2012 Drilling Program is available at:https://media.globenewswire.com/cache/19459/file/14543.pdf

The company believes that the results from these 12 holes are significant, because they confirm the extension of the mineralized zone west of the Relief Canyon pit boundary and more than double the length of some of the gold intercepts in nearby reverse-circulation rotary holes drilled by previous operators. Results from the remaining 11 holes are expected later in the third quarter. Boart-Longyear, Ltd. and Ruen Drilling were the drilling contractors.

Pershing Gold’s 2012 drilling program was designed to further two objectives. “These results represent real progress toward our first goal to expand known mineralization and advance the Relief Canyon Mine towards production,” said Stephen D. Alfers, Pershing Gold’s Executive Chairman and CEO, and added, “Our second goal is to generate targets and drill new discoveries on our 25,000 acre land position in the Humboldt Gold and Silver Trend in Nevada. Earlier this year we drilled new targets generated by our exploration group. Those results are pending.”

The 12 core holes that Pershing Gold completed tested deeper zones than previously tested. Pershing Gold’s deeper core holes, located near historic reverse circulation holes, have discovered gold zone intercepts thicker than the gold zone intercepts in the older reverse-circulation holes. A comparison of the results from RC12-017 with SPRC-140, which was drilled in 1984 by Southern Pacific Land Co., illustrates this point. SPRC-140 intercepted 100 feet of 0.44 grams per ton (gpt) (0.013 ounces per ton (opt) gold. RC12-017, which is roughly 35 feet west of SPRC-140, has intercepted 215 feet (from 220 to 435 feet) of 0.504 gpt (0.015 opt) gold (Figure 2).

Figure 2. A Cross Section featuring Pershing Gold’s Section 4551020N is available at:https://media.globenewswire.com/cache/19459/file/14542.pdf

In 2010 Mine Development Associates completed a Technical Report under Canadian National Instrument 43-101 for Firstgold Corporation, the previous owner of Relief Canyon Mine, reporting resources attributable to lands now controlled by Pershing Gold and its subsidiary Gold Acquisition Corp. (“GAC”). Alfers added, “We expect to develop our own resource estimate in the coming months. This estimate will include the results of the core drilling program on the expanded land position we now control. We expect these results will significantly upgrade and expand the resource attributable to the Relief Canyon Mine project.”

Significant intercepts for these drill holes are shown below in Table 1.

Table 1. Summary of Gold Intercepts from the Phase II 2012 drilling program at Relief Canyon, Pershing County, Nevada.

Reported width is not true width of interval. Results from all intercepts for which we have received and verified results will be posted on our website at www.pershinggold.com.

These 12 drill holes tested the main breccia zone on private land that Pershing Gold leases from Newmont (see Press Release, April 13, 2012).

In commenting on the significance of this recently completed core drilling program, Mr. Alfers stated, “This drilling program represents the first time the lands immediately west of the Relief Canyon Mine have been drilled in many years. A comparison of grades from the core holes with grades from nearby historic reverse circulation holes shows no obvious bias between gold grades from core drilling compared with grades from reverse circulation drilling.” Alfers explained the significance of this finding as follows: “The 2010 resource estimate eliminated ounces due to concerns about down-hole contamination below the water table. These results suggest little or no down-hole contamination. We expect results from our core drilling will validate the results from previous reverse-circulation drilling. This should enable us to include in our new resource estimate this portion of the deposit as well as mineralization that Pershing Gold has discovered elsewhere on the property since acquiring the Relief Canyon Mine in August 2011.”

The main gold zone at Relief Canyon is a breccia zone developed along the contact of the Grass Valley and Cane Springs Formations. Figure 2 is a cross-section through the open pit and shows the form of the breccia. Older drill holes shown on this section are primarily reverse circulation drill holes completed within the last 20 years. There are approximately 590 older drill holes in the database, and for simplicity of presentation, these older drill holes were not included in the plan map (Figure 1). The thick zone of mineralization shown in Figure 2 is open to the west.

Previous drilling in the Phase I 2012 drilling program by Pershing Gold (see Press Release of May 10, 2012) focused on feeder structures and deeper stratigraphic targets north and south of the pit on wholly-owned claims. Recent pit mapping has defined several steeply dipping, north-trending feeders. The intercepts reported earlier are shown again for comparison.

Table 2. Summary of previously announced gold intercepts from the Phase I 2012 drilling program at Relief Canyon, Pershing County, Nevada.

Reported width is not true width of interval. Results from all intercepts for which we have received and verified results will be posted on our website at www.pershinggold.com.

Mr. Alfers said, “The Phase II 2012 drilling program shows nearly 500 meters of ore grade mineralization east to west. Together with the Phase I 2012 drilling program completed earlier this year, our exploration group believes that the Phase II 2012 drilling program demonstrates that this mineralization is open to the west and to the north. Historic drilling also suggests the mineralization is open to the south of the existing pits.”

About Pershing Gold Corporation

Pershing Gold Corporation is a new gold exploration and development company focusing on acquiring, exploring, and developing gold deposits in Pershing County and elsewhere in Nevada. The Relief Canyon Mine property in Pershing County is owned by its subsidiary, GAC.

Legal Notice and Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein including the anticipated exploration on Pershing Gold’s Relief Canyon landholdings, results of drilling, interpretations of exploration results and other geologic information at Relief Canyon, planned completion of a new Canadian National Instrument 43-101 compliant resource report at Relief Canyon and those preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,” “plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, inability to obtain external financing to fund planned exploration or maintain property rights, reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for its planned exploration and other activities, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the SEC including the Annual Report on Form 10-K for the year ended December 31, 2011 and each subsequently filed Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.

Scientific and Technical Data

All scientific and technical information for the Relief Canyon project has been reviewed and approved by Robert B Hawkins, P.Geo, who is a Qualified Person under the definitions established by Canadian National Instrument 43-101. Drill core at Relief Canyon is boxed and sealed at the drill rig and moved to the Relief Canyon logging and sample preparation facilities by trained personnel. The core is logged and split down the center using a typical table-fed circular rock saw. One half of the core is sent for assay to ALS Chemex, Reno, Nevada, while the other half is returned to the core box and stored at Relief Canyon in a secure, fenced-off, area. Pershing Gold Corporation’s quality assurance/quality control (QA/QC) procedures include the regular use of blanks, standards, and duplicate samples.

CONTACT: Stephen D. Alfers, Executive Chairman, President and CEO
         Phone Number: 720.974.7248
         Email: Info@pershinggold.com
         www.PershingGold.com

Source: Pershing Gold Corporation

Released July 12, 2012

The drill program was conducted on two tailings ponds known as the Matanza and the Altamira. The drill program completed on the Matanza tailings pond consisted of 46 drill holes with depths ranging from 2 meters to 10.9 meters for a total of 291 meters. The drill program completed on the Altamira tailings pond consisted of 10 drill holes with depths ranging from 2 meters to 7.5 meters for a total of 38 meters. The company is now preparing a representation bulk sample from each tailings pond to be submitted for mineralogical studies and metallurgical tests to determine the viability of re-processing the material.

Previous production at the Reforma mine involved the recovery mainly by flotation of chalcopyrite, galena and sphalerite. Significant values of Silver (AG) ranging from 10 grams to greater than 250 grams were recovered with the sulphides. Gold was a minor component. Magnetite which comprised a significant portion of the complex ore was not recovered.

“The completion of the drill program at the tailings ponds is an important milestone in determining the near term economic potential.” stated Wally Boguski, President and CEO. “The scenario of an immediately viable resource in the tailings pond could represent an opportunity for the company to access capital for the  current development of the Reforma mine.”

Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI 43-101 has approved the geological content of this Press Release

For more information contact Corey Safran, Investor Relations, at 609-228-0595, or by email at corey@vrcorpusa.com.

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly owned by Penoles in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of Sinaloa and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in British Columbia, Canada. The Au-Wen property is 100 % owned by Victory Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic Aspen Grove mining camp in south-central British Columbia, Canada. The property is comprised of 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.

On behalf of The Board of Directors of Victory Resources Corporation.

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Source: Victory Resources

Victory Resources Corp. will control the timing and maximum amount of any private placement under this agreement, and has the right, not the obligation, to drawdown on available funds. As part of the financing commitment, the Company has agreed to issue 5 million warrants to GEM in conjunction with each private placement. The warrants will be exercisable for a period of three years from the closing of each private placement at an exercise price of $0.72 CDN per share.

“We are very excited to have entered into this agreement with a world class investment group like GEM. The $5 million facility will assure that our company has access to capital beyond our current drill program,” said Wally Boguski, president and CEO. “We look forward to the results of our ongoing drill program on the Reforma mine as well as the results from the drill program on the tailings pond from the historic Reforma mine operations.”

About GEM

Global Emerging Markets Limited, www.gemny.com, was founded in 1991. GEM is a $3.4b investment group having completed 305 transactions in 65 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM’s funds include: CITIC/GEM Fund; VC Bank/GEM Mena Fund*; Kinderhook; GEM Global Yield Fund; GEM India Advisors, and GEM Brazil PE Fund.

*GEM exited both its LP and GP stakes in Q1 2010.

For more information contact Corey Safran, Investor Relations, at 609-228-0595, or by email at corey@vrcorpusa.com.

About Victory Resources Corporation

The company’s main focus is on the Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares. Victory Resources will earn a 70% undivided interest in the Reforma property as part of an option agreement. Formerly owned by Penoles in Mexico, documentation showed that between the years 1968 to 1980, the Reforma mine processed 1.8 million tonnes grading an average of 91.62 grams per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent Cu.

The recently optioned Boleo property is situated on the western foothills of the Sierra Madre Occidental mountain range, at the common boundary of the northeastern Mexican States of Sinaloa and Chihuahua and expands the resource potential of Victory with 20,460 hectares of contiguous property. This area is characterized by a northerly prolific mineralized belt hosting the multi-million-tonne porphyry copper and gold deposits of Santo Tomas and Bahuerachi.

The Company has also begun exploration work on the Au-Wen property in British Columbia, Canada. The Au-Wen property is 100 % owned by Victory Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic Aspen Grove mining camp in south-central British Columbia, Canada. The property is comprised of 91 mineral claims covering an area of 34,200 hectares. The area covered is up to 39 kilometres long and up to 21 kilometres wide.

On behalf of The Board of Directors of Victory Resources Corporation.

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Source: Victory Resources

LAKEWOOD, Colo., June 20, 2012 (GLOBE NEWSWIRE) – Pershing Gold Corporation (OTCBB:PGLC) is pleased to announce that Coeur d’Alene Mines Corporation (NYSE:CDE), (TSX:CDM) (“Coeur”) has purchased 10,937,500 shares of Pershing Gold Corporation Common Stock in a private placement priced at $0.32 per share. Dr. Phillip Frost, an existing shareholder of Pershing Gold, joined Coeur in this private placement through Frost Gamma Investment Trust (“FGIT”), purchasing 1,562,500 shares of Pershing Common Stock under substantially the same terms and conditions as Coeur. Coeur and FGIT will have the right to participate in future financings to maintain their respective ownership interests. Gross proceeds of the private placement totaled $4.0 million.

Stephen Alfers, Pershing Gold’s Executive Chairman and CEO, noted that Pershing Gold’s Relief Canyon properties include the Pershing Packard exploration project near Coeur’s Nevada Packard Mine, and said, “As the largest U.S.-based primary silver producer and a growing gold producer, we are very pleased that Coeur has chosen to make this significant investment in Pershing Gold. We plan to use the proceeds to continue our exploration and development efforts at our Relief Canyon properties, including the Pershing Packard exploration project, and for general corporate purposes.”

Pershing Gold’s Pershing Packard exploration project is located along the northern edge of its Relief Canyon land holdings and about one mile south of Coeur’s Nevada Packard Mine. Pershing Gold has developed exploration targets on the Pershing Packard property based on geophysical surveys across the broad pediment area in the vicinity of Relief Canyon.

A map showing the location of Pershing Gold’s Pershing Packard exploration project is available athttp://media.globenewswire.com/cache/19459/file/14272.pdf.

Pershing Gold’s entire land package covers over 24,000 acres of private lands and unpatented mining claims. The Company controls the Relief Canyon Mine property as well as the lands surrounding the mine. It also owns mining claims with untested mineral targets in the Pershing Pass area to the south of the Relief Canyon Mine.

About Pershing Gold Corporation

Pershing Gold Corporation is a new gold exploration and development company focusing on acquiring, exploring, and developing gold deposits in Pershing County and elsewhere in Nevada. The Relief Canyon Mine property in Pershing County is owned by Gold Acquisition Corp., the Company’s wholly owned subsidiary.

Legal Notice and Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein including the anticipated exploration on the Pershing Packard project, interpretations of geophysical surveys, exploration results and other geologic information and those preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,” “plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, inability to obtain external financing to fund planned exploration or maintain property rights, reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for its planned exploration and other activities, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the SEC including the Annual Report on Form 10-K for the year ended December 31, 2011 and each subsequently filed Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.

CONTACT: Stephen D. Alfers, Executive Chairman, President and CEO
         Phone Number:  720.974.7248
         Email: Info@pershinggold.com
         www.PershingGold.com

Source: Pershing Gold Corporation

Released June 20, 2012

The OTCQX is the highest tier of the OTC Markets and the Company is pleased to increase accessibility for U.S. investors. The OTCQX membership was sponsored and facilitated by Kenneth I. Denos, P.C. who will act as the Company’s Principal American Liaison.
OTC Markets Group Inc. is a leading financial information and technology services Company that provides the world’s largest electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities in the United States. The webpage for Sierra Iron Ore Corp. to access financials, news, contact information and quote & trade information is http://www.otcmarkets.com/stock/SIOCF/quote.
“The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Sierra Iron Ore Corp to OTCQX.”
“With the recent completion of the access road to the Veinte zone and the start of the core drill program on the El Creston property, it is an ideal time to increase our corporate profile to U.S. investors,” stated Wally Boguski, President and CEO. “The core drill program will help us gather data for the geometry and grade of each magnetite body to establish the required parameters for resource definition”

About Sierra Iron Ore
Sierra Iron Ore is a growth-focused mineral exploration company creating value through the exploration and development of the El Creston iron property located in the Sinaloa State of Mexico.

On behalf of The Board of Directors of  Sierra Iron Ore Corporation.

Paul Lee, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Sierra Iron Ore Corp. which may cause actual results, performance or achievements of Sierra Iron Ore Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

LAKEWOOD, Colo., June 13, 2012 (GLOBE NEWSWIRE) – Pershing Gold Corporation (OTCBB:PGLC) (“Pershing”) is pleased to announce the sale to American Strategic Minerals Corporation (OTCBB:ASMC) (“Amicor”) of 100% of its interest in Continental Resources Acquisition Sub, Inc., Pershing’s wholly-owned subsidiary holding all of its interests in uranium exploration properties.

In January 2012 Pershing and Amicor entered into an Option Agreement under which Amicor acquired the option to purchase Pershing’s uranium properties. As consideration for the option, Pershing received a $1,000,000.00 non- interest-bearing promissory note, ($930,000.00 of which has been repaid), and 10 million shares of Amicor common stock, of which Pershing has sold 820,000. Amicor exercised its option to acquire the uranium properties and paid the $10.00 exercise price. With the completion of this transaction on June 11, 2012, Pershing has divested all of its uranium assets. Pershing continues to hold 9,180,000 shares in Amicor.

Steve Alfers, Executive Chairman and CEO of Pershing Gold, said, “By completing the Amicor transaction, Pershing Gold can now place all of its attention on gold exploration and development in Nevada.”

About Pershing Gold Corporation

Pershing Gold Corporation is a new gold exploration and development company focusing on acquiring, exploring, and developing gold deposits in Pershing County and elsewhere in Nevada. The Relief Canyon Mine property in Pershing County is owned by Gold Acquisition Corp., the Company’s wholly owned subsidiary.

Legal Notice and Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,” “plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements include statements regarding the Company’s plans to place all of its attention on gold exploration and development in Nevada. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others: whether the Company can continue to raise funds required for exploration and development activities, whether the results of its exploration activities and evaluations will be positive, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the SEC including the Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarterly periods ended March 31, 2012 and each subsequently filed Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.

CONTACT: Stephen D. Alfers, Executive Chairman, President and CEO
         Phone Number:  720.974.7248
         Email: Info@pershinggold.com
         www.PershingGold.com

Source: Pershing Gold Corporation

Released June 13, 2012