TORONTO, ONTARIO – December 12, 2023 – VVC Exploration Corporation, dba VVC Resources,  ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following significant  developments on its ongoing Syracuse Project:  

Completed Durler 2-21 Well Now Being Optimized 

VVC previously announced, on November 16, 2023, the successful completion of the Durler 2-21 well  and the beginning of testing of the well. This well is a pivotal component of the Syracuse Project aimed  at helium and natural gas extraction. The Company now has two wells producing and selling helium  and natural gas on the Syracuse Project: the Levens 2-31 in the northwest portion of the project and the  Durler 2-21 in the Southeast portion of the project. The location of these sites will provide significant  guidance in further development of the Project. 

The VVC Team is now optimizing production from the Durler 2-21, which has shown stronger than  expected initial results, to ensure maximum efficiency and maximum overall productivity. This testing  and adjustment phase will likely take place over 8 to 10 weeks during which time the Team will gain a  much better understanding not only of this well, but also of the overall project. 

Completion Phase Underway on Hodgson 1-17 and C Double D 1-16 Wells

On December 11, 2023, VVC began the completion phase of two additional critical Syracuse wells,  Hodgson 1-17 and C Double D 1-16. Both wells are expected to be completed within 2 weeks. These  two wells lie approximately midway between the Durler 2-21 and the Levens 2-31 wells in the Syracuse  Project. The completion of these two wells will provide more visibility and insight on the production  capacity of the Syracuse Project, as wells on the outer ends and in the center of the project will have  been completed. 

Levens 4-31, T Spiker 1-17, Weaver 1-15 Ready for Completion Phase 

In another significant milestone, VVC announces that all the necessary steps have been taken to  prepare the Levens 4-31, T Spiker 1-17, and Weaver 1-15 wells for the completion process. The  successful perforation of these wells will mark another achievement in the Project's development phase.  The completion process for these wells is expected to begin before the end of the year. 

A Continued Commitment to Sustainable Practices 

VVC remains dedicated to environmentally responsible practices. The Company’s operations are  conducted with the utmost regard to ensuring sustainability, minimal environmental impact and  adherence to the highest industry standards and best practices. 

About VVC Resources 

VVC engages in the exploration, development, and management of natural resources - specializing in  scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries  such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our  portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas  production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic  investments in carbon sequestration and other green energy technologies. VVC is a Canada-based,  publicly-traded company on the TSXV (TSX-V:VVC) and on the OTC Market (OTCQB:VVCVF). To  learn more, visit our website at: www.vvcresources.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD‐LOOKING STATEMENTS: 

This news release contains "forward‐looking information" (within the meaning of applicable Canadian securities  laws) and "forward‐looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act  of  1995).  Such  statements  or information  are identified with words  such  as  "anticipate",  "believe",  "expect",  "plan",  "intend",  "potential",  "estimate",  "propose",  "project",  "outlook",  "foresee",  “strategy”,  "success"  or  similar words suggesting future outcomes or statements regarding an outlook.  Such statements include, among  others: will provide significant guidance in further development; will likely take place over 8 to 10 weeks … will  gain  a  much  better  understanding  …  of  the  overall  project;  are  expected  to  be  completed  within  2  weeks;  completion of these two wells will provide more visibility and insight; The successful perforation of these wells will  mark another achievement in the Project …;  completion process for these wells is expected to begin before the  end of the year.

Such forward‐looking information or statements are based on several risks, uncertainties and assumptions which  may cause actual results or other expectations to differ materially from those anticipated and which may prove  to  be  incorrect.    Assumptions  have  been  made  regarding,  among  other  things,  management's  expectations  regarding  acquisitions,  production  of  helium,  future  development  and  growth,  plans  for  and  completion  of  projects by Company’s third‐party relationships, availability of capital, and the necessity to incur capital and other  expenditures. Actual results could differ materially due to a number of  factors, without limitation, operational  risks  in  the  completion  of  Company’s  anticipated  projects,  delays  or  changes  in  plans  with  respect  to  the  development of Company’s anticipated projects by Company’s third‐party relationships, risks affecting the ability  to develop projects, risks in legislative changes in the applicable jurisdictions, risks inherent in operating in foreign  jurisdictions, the ability to attract key personnel, risks in decrease of price of helium and copper.  No assurances  can be given that the efforts by Company will be successful. 

Although the Company believes that the expectations reflected in the forward‐looking information or statements  are reasonable, prospective investors in the Company's securities should not place undue reliance on forward‐ looking  statements  because  the  Company  can  provide  no  assurance  that  such  expectations  will  prove  to  be  correct. Forward‐looking information and statements contained in  this news release are as of  the date of  this  news release and the Company assumes no obligation to update or revise this forward‐looking information and  statements, except as required by law. 

Investors are cautioned that notwithstanding the expectations described herein, there can be no assurance that  the plans described herein will be completed as proposed. Trading in the securities of VVC should be considered  highly speculative.  All forward‐looking statements contained in this press release are expressly qualified in their  entirety by  these cautionary statements and by  those made in our  filings with SEDAR in Canada  (available at  www.sedarplus.ca).