VVC’s PHC Engages Lee Keeling and Associates to Conduct NI 51-101 Helium Resource Property Evaluations of PHC’s Four Helium Projects
October 5, 2021

VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) is pleased to announce that its wholly owned subsidiary Plateau Helium Corporation ("PHC") has commissioned a National Instrument 51-101 ("NI 51-101") compliant report (the "NI 51-101 Report") on its four (4) helium projects in Kansas and Colorado, USA.


Engagement of Lee Keeling and Associates


PHC has engaged Lee Keeling and Associates ("Keeling") of Tulsa Oklahoma, an oil and gas engineering consulting firm with specialized expertise in helium, to complete an evaluation of PHC’s helium assets. This evaluation will be carried out in accordance with the requirements of NI 51-101 in Canada. The results of the evaluation will be published in an NI 51-101 Report which, when finalized, will be filed on SEDAR (www.sedar.com), where it will be available for download by shareholders. The NI 51-101 Report will help PHC in its strategic decision making and management of the helium business, as well as providing the Company’s investors, and the market, a view of the Company’s helium assets through a third-party expert.


Keeling will consult on the well completions and testing programs, and will also prepare an independent evaluation of the existing producing wells, the historic non-producing wells and as well as an overview of the Company’s helium lease acreage. In addition, Keeling will create a format for evaluating and updating PHC’s helium resource as more leases are added and wells are drilled.


Keeling is a Qualified Person as such term is defined in NI 51-101.


VVC Chairman TM said: "We are particularly excited to have a third-party review of the projects in Plateau Helium, so that we will be able to effectively communicate the tremendous potential value we see in these projects."


PHC's Four Existing Helium Projects


PHC now has four (4) helium projects to be evaluated by Keeling. These projects cover an aggregate of approximately forty thousand (40,000) acres in: Syracuse (PHC’s original project), Monarch, Syracuse Extension Kansas, and Syracuse Extension Colorado. In addition to the core acreage in these projects, the Company will continue to add properties to each.


About National Instrument 51-101 (NI 51-101)


NI 51-101, Standards of Disclosure for Oil and Gas Activities, requires all Canadian reporting issuers engaged in oil and gas activities to provide disclosure of their estimated oil and natural gas reserves, and related future net revenue, on an annual basis. In addition, NI 51-101 permits reporting issuers to disclose estimates of resources (other than reserves) provided that such disclosure satisfies the requirements of NI 51-101. This requires that all estimates of reserves, resources, and values attributable to reserves or resources that are disclosed, must be prepared or audited in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook").


About Lee Keeling and Associates


Lee Keeling and Associates (Keeling) are international consultants providing confidential advice on all segments of the petroleum industry, international and domestic, since 1957. They provide their clients with a product that incorporates knowledgeable geologic, engineering and economic evaluations from which they can make sound and dependable business decisions. Keeling’s staff is proficient in the use of professionally accepted evaluation procedures and engineering practices using a wide-range of software to produce specialized services and reports tailored to clients need. Services include: oil and gas (including helium) reserve estimates, oil and gas (including helium) appraisals, CO2 sequestration feasibility studies, PHMSA audit preparation, gas storage studies, water flood studies, expert witness testimony, oil and gas pipeline feasibility studies, drilling and development programs, and formation evaluation. They are also well versed in reservoir analysis, unitization studies, fluid injection programs, enhanced recovery, horizontal drilling, and deliverability studies, and subsurface fluid disposal.

March 18, 2025
TORONTO, March 18, 2025 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Appointment of Officers The Directors appointed Mr. Bill Kerrigan as President and Chief Operating Officer of VVC. Mr. Kerrigan will continue to be President of Plateau Helium Corporation. Mr. James A. Culver will remain as CEO of VVC. VVC Chairman, Terrence Martell, commented, "As a representative of Management and the Board, I extend heartfelt gratitude to Mr. Culver for his years of service as President. I also welcome Mr. Kerrigan to his new role as President and I am confident that he will provide positive momentum for VVC." Option Grant The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 15,700,000 common shares, representing 2.74% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring March 17, 2035. 25% of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 41.1% were to Directors, 30.3% to Officers and 28.7% to Employees/Consultants of the Company. 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). 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.
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