Dr. Michael Gunning reports

VR RESOURCES ANNOUNCES CLOSING OF OVERSUBSCRIBED $1.1M BROKERED PRIVATE PLACEMENT LED BY CENTURION ONE CAPITAL

VR Resources Ltd. has successfully closed its previously announced upsized private placement of units of the company. A total of 4.68 million units, including pursuant to the exercise of an overallotment option, were sold under the offering at a price of 25 cents per unit for aggregate gross proceeds of $1.17-million.

The offering was led by Centurion One Capital Corp. as lead agent and sole bookrunner. Gowling WLG (Canada) LLP acted as counsel to the company and Cozen O'Connor LLP acted as counsel to the lead agent in connection with the offering.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are pleased to have successfully closed this oversubscribed financing and are appreciative of the hard work and continued support provided by Centurion One Capital as lead agent and investor. We are excited to have this capital to reinforce our plans for drilling at the New Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada, with a focus on unlocking value for shareholders in the near term."

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of 30 cents for a period of 36 months from the date of closing of the offering. Proceeds of the offering will be used for the planned coming diamond drill program at the New Boston tungsten-molybdenum-copper-silver porphyry project in Nevada, marketing and general corporate expenses.

In connection with the offering, the company paid a cash commission of $93,600, issued 468,000 units as a corporate finance fee and issued 374,400 non-transferable broker warrants to the agent and in respect of the cash commission and the broker warrants to the agent and other brokers. Each broker warrant entitles the holder to acquire a unit at the issue price for a period of 36 months from the closing date (such units to be on identical terms as the units issued pursuant to the offering). Each corporate finance fee unit comprises one common share and one non-transferable warrant entitling the holder thereof to one warrant share at the exercise price for a period of 36 months from the closing date.

The units issued under the offering were offered by way of brokered private placement in each of the provinces of British Columbia, Alberta, Ontario and Quebec and in jurisdictions outside of Canada mutually agreed by the company and the lead agent provided it was understood that no prospectus filing, registration or comparable obligation arose in such other jurisdiction. The common shares, warrants and broker warrants issued pursuant to the offering and any common shares issued upon the exercise of warrants or broker warrants are subject to a hold period of four months plus one day from the closing date.

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 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.

We seek Safe Harbor.