Victory Ventures Inc. announced its initial Exploration Program has begun on the Spirit River Lithium Project, located northwest of the Fox CreekSwan Hills area in the Peace River District of Alberta Canada. Victory has a 100% undivided interest in four contiguous metallic and industrial minerals exploration permits that total approximately 36,800 hectares (91,000 acres), or about 400 square kilometers (144 square miles). The project is focused on lithium and other elements of interest (e.g., potassium, boron, bromide and iodide) that are potentially being produced within formation water, or brine, that is considered a waste product of active oil and gas production. The acquired targeted exploration area was based on data compilation from several Government of Alberta sources including: Recent Government and industry brine sampling in northwestern Alberta that has yielded some of the modern recorded concentrations of lithium, potassium and other elements of interest in Alberta brine. There are more than 800 oil and gas well sites within the Spirit River property area, some of which contain known elevated lithium values as documented historically in publicly available Government of Alberta reports.