Victory Oilfield Tech, Inc. (VYEY)

[marcg]

GREAT NEWS!




Effective January 7, 2011, Kenneth Hill was appointed Vice President and Chief Operating Officer of Victory Energy Corporation (the "Company"). Mr. Hill, age 47, previously served as interim CEO, Corporate Secretary and VP of Operations of Aus-Tex Exploration Inc., a U.S. subsidiary of an Australian oil and gas company, from June 2006 through November 2010, and as General Partner of Here We Go Again Partners, a venture capital firm with investments in the technology, energy and commercial real estate sectors, from February 2005 through June 2006. Mr. Hill brings over 25 years of corporate leadership, business development and operational focused experience to the Company. Mr. Hill attended Southwest Texas State University and has completed several executive MBA programs at the University of Texas, Austin.

Effective January 7, 2011, Stanley Lindsey was appointed Vice President of Exploration and Development of the Company. Mr. Lindsey, age 58, previously served as a consulting geologist for Sojen Petroleum Consulting, a petroleum consulting company, from November 2010 through December 2010, as Chief Geologist of Aus-Tex Exploration, a U.S. subsidiary of an Australian oil and gas company, from April 2008 through November 2010, as Gulf Coast Exploration Manager of Ameristate Exploration, an oil and gas exploration company, from April 2006 through April 2008, and as a private consultant for several companies from April 2000 through March 2006. Mr. Lindsey brings to the Company over 30 years of experience in the oil and gas industry, including exploration, development, operations, acquisitions and divestitures. Mr. Lindsey is a certified petroleum geologist by both the American Association and the American Institute of Petroleum Geologists. Mr. Lindsey holds a Bachelor of Science degree in Geology from Stephen F. Austin State University.

On January 10, 2011, the Company announced that it had opened an office in Austin, Texas. A copy of the Company's press release announcing the opening of its Austin, Texas office is attached hereto as Exhibit 99.1 and is incorporated in this report by reference.



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