VVC Exploration Corp. closed subscriptions for a non-brokered private placement at 50 cents per unit with total subscriptions amounting to $806,000 for 1,612,000 units. Each unit comprises one flow-through common share and one share purchase warrant to purchase an additional share at 70 cents in the first year and at 90 cents per share in the second year until March 24, 2008. The proceeds will be used for working capital and to make further capital contribution to its co-operative joint venture in Tong Guan area in China. The shares will be subject to resale restrictions for four months. The private placement has not yet been accepted for filing by the TSX Venture Exchange. No insiders of the company subscribed to this private placement. A total of $59,270 will be in cash and 42,600 shares issued as finders' fees to persons instrumental in arranging the placement.

The company is continuing to search for and evaluate new resource projects in and around China. Any developments on this front will be announced in Stockwatch on a timely basis.