Victory Energy Corporation, (OTCQX: VYEY) ("Victory" or "the Company") a rapidly
growing, Permian Basin focused oil and gas company, today announced that Target
Energy Limited's ("Target") convertible noteholders have approved the sale of
10% stake in the Fairway Project to Victory Energy Corp. Approval by Target's
noteholders was one of the conditions required to complete Victory Energy's
acquisition of the Fairway Project. 


Victory announced on May 8, 2014 that Target agreed to sell a 10% non-operated
working interest in certain oil and gas properties located in the Permian Basin,
known as the "Fairway Project" in West Texas for a total cash consideration of
approximately $6.0 million. In addition to the noteholder approval, the
completion of the acquisition is predicated on completing due diligence and the
entry into a Sale & Purchase Agreement to the satisfaction of both parties. The
sale will be to Aurora Energy Partners, a partnership in which Victory owns a
50% partnership interest and is the managing partner. Victory expects the
acquisition to close on or about June 5, 2014 with an effective date of May 1,
2014.


About Victory Energy 

Victory Energy Corporation (OTCQX: VYEY), based in Austin, Texas with additional
resources in Midland is a high growth oil and gas Exploration and Production
(E&P) company that is focused on creating shareholder value through the
acquisition and development of assets in the World Class Permian Basin. The
company currently holds interests in the Permian where its targets are high
profile plays such as the Wolfcamp, Mississippian and Fusselman formations. The
company is growing cash-flows through sustainable low-risk vertical well
development on existing properties and new acquisitions which offer repeatable
and highly profitable results. The Company achieves these results by targeting
predictable resources plays, favorable operating environments and consistent
reservoir quality across multiple target horizons with long-lived reserve
characteristics. For additional information on the company, please visit
www.vyey.com. 


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 facts, included in this press release that address
activities, events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking statements.
These statements are based on certain assumptions made by the Company based on
management's experience, perception of historical trends and technical analyses,
current conditions, anticipated future developments and other factors believed
to be appropriate and reasonable by management. When used in this press release,
the words "will", "potential", "believe", "estimated", "intend", "expect",
"may", "should", "anticipate", "could", "plan", "project", or their negatives,
other similar expressions or the statements that include those words, are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Among these
forward-looking statements are statements regarding EURs, estimated BOE,
estimated future gross undiscounted cash flow and estimated drilling and
completion costs. Such forward-looking statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of
the Company, which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements, including but not
limited to, changes to drilling plans and schedules by the operators of
prospects, overruns in costs of operations, hazards, delays, and any other
difficulties related to drilling for and producing oil or gas, the price of oil,
NGLs, and gas, results of marketing and sales of produced oil and gas, estimates
made in evaluating reserves, competition, general economic conditions and the
ability to manage and continue growth, and other factors described in the
Company Annual Report on Form 10-K/A for the fiscal year ended December 31, 2013
and any updates to those risk factors set forth in the Company's Quarterly
Reports on Form 10-Q. Further information on such assumptions, risks and
uncertainties is available in the Company's other filings with the Securities
and Exchange Commission ("SEC") that are available on the SEC's website at
www.sec.gov, and on the Company's website. Any forward-looking statement speaks
only as of the date on which such statement is made and the Company undertakes
no obligation to correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as required by
applicable law.



FOR FURTHER INFORMATION PLEASE CONTACT: 

Contact: 

Investor Relations 
Derek Gradwell
MZ Group
SVP Natural Resources
Phone: 512-270-6990
Email: dgradwell@mzgroup.us 
Web: www.mzgroup.us
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