\ Velocity Announces Additional Positive Drill Results at Rozino Gold Project, Southeast Bulgaria
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Velocity Announces Additional Positive Drill Results at Rozino Gold Project, Southeast Bulgaria

December 07, 2017 --

Drill Hole RDD-022; 17m @ 0.92g/t gold & 27m @ 1.72g/t gold
Drill Hole RDD-023; 38.0m @ 0.92g/t gold & 19.0m @ 0.89g/t gold



VANCOUVER, British Columbia, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSX-V:VLC) (“Velocity” or the “Company”) announces that it has received laboratory results for seven additional diamond drill holes at the Company’s advanced Rozino gold project (“Rozino” or the “Project”) (Table 1).  Highlights include drill hole RDD-22 which intersected 27.0m grading 1.72g/t gold.  Positive results continue to expand the extent of near-surface mineralization at Rozino.

The Company has completed 38 drill holes to date in 2017 (results are pending for 15 drill holes) and plans to complete at least five additional drill holes in December 2017.  Drilling during the remainder of 2017 is focused on drill testing surface soil geochemistry anomalies to the southeast (Figure 1).  The Company plans to continue drilling in 2018 anticipating a total of 14,000m to 18,000m for the Project.

Figures accompanying this announcement are available at

Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/25b084a0-6082-4736-a356-4a960c578dee

Figure 2: http://www.globenewswire.com/NewsRoom/AttachmentNg/70bffa91-daf5-42fd-a4bb-8abb66d1025c

Figure 3: http://www.globenewswire.com/NewsRoom/AttachmentNg/e4ae742c-8f37-41f6-91da-41dc926a9ca3

Table 1: Drill Results from Velocity Drill Holes RDD-017 to RDD-023. 

DrillholeFrom (m)To (m)Thickness (m)^Gold (g/t)
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