Dr. Michael Gunning reports

VR INITIATES EXPLORATION PLANS FOR ITS BONITA PORPHYRY COPPER-GOLD PROJECT IN NEVADA

VR Resources Ltd. has executed the contract and commenced field planning with DIAS Geophysical Ltd. for the application of its DIAS32, 3-D-array IP and resistivity technology in a ground-based DCIP survey over the Copper Queen target on the company's Bonita porphyry copper-gold project in Nevada.

The geophysical proposal and agreement was scoped last fall. The company has worked with DIAS on three previous surveys on three other properties in Nevada, and also at the Silverback project in Ontario. That experience and relationship was the basis for optimization of the survey design for Copper Queen.

Dr. Michael Gunning, chief executive officer of the company, commented: "On the heels of the successful, oversubscribed $3.15-million financing led by Centurion One Capital Corp., VR is immediately putting its exploration plan into action on our two principal polymetallic porphyry projects in Nevada.

"We believe the DIAS32 technology in its 3-D-array DCIP ground surveys is industry-leading. We understand the capabilities of the system based on our long-standing and working relationship with the technical team at DIAS via our previous surveys. As such, we are excited to see what this survey can do for precise drill target definition at Bonita.

"The goal of the survey is clear: to provide a precise exploration vector for follow-up drilling based on the surface mapping and exploration surveys completed to date by VR and, in particular, the porphyry-style copper-sulphide veining intersected in our initial, reconnaissance-style drilling at Copper Queen in 2017, for which there is a clear association in anomalous copper-gold geochemistry.

"An array of field logistics parameters will dictate the exact timing for the survey, but the message here is simply that the ball is rolling, and we are excited about the potential for new DCIP 3-D modelling for Copper Queen soon."

Stock option allocation

The company has approved an aggregate allocation of 1.95 million incentive stock options at a price of 25 cents and exercisable for a period of five years to various directors, officers, employees and consultants to the company, and in accordance with the terms of the company's stock option plan.

Technical information

Technical information disclosed by the company has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Technical information contained in this document, and on the company's website, has been reviewed on behalf of the company by the president and chief executive officer, Dr. Michael Gunning, PhD, PGeo, a non-independent qualified person.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. VR applies modern exploration technologies, in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early stage exploration, discovery, and M&A (mergers and acquisitions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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