TORONTO, ONTARIO – August 4, 2023 – VVC Exploration Corporation, dba VVC Resources,  ("VVC" or the "Company"), (TSX-V:VVC and OTCQB:VVCVF) received US$5,000,000 from the  sale of a small portion of its ownership in Proton Green, LLC ("Proton Green”). VVC sold approximately one-seventh of its ownership in Proton Green and remains a significant investor in Proton Green, holding over 12%.  

The proceeds from the private transaction enhance VVC’s overall financial position. Management intends to accelerate its U.S. helium and natural gas programs, as well as to  continue development of its copper property in Mexico.  

Specifically, in the U.S., VVC will complete the eight Syracuse wells that are adjacent to its  completed internal pipeline. VVC will also test two promising helium and natural gas system wells in northwest Kansas. 

"We are delighted with the outcome," said Terrence Martell, Chairman of VVC. "The additional capital reinforces our financial stability and provides us with the resources required to continue development of our focus projects in helium." 



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: intends  to accelerate its U.S. helium and natural gas programs, as well as to continue development of its copper property  in Mexico; will complete the eight Syracuse wells that are adjacent to its completed internal pipeline; will also test  two promising helium and natural gas system wells; etc. 

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).