Botwood Basin

[Ed Monton]

Tue Feb 4, 2003
VVC Exploration Corp. finds mineralization on its Bowater property in Newfoundland

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VVC Exploration Corp. (VVC TSXV) is pleased to report completion of the first five holes on its Appleton/Glenwood (Bowater) property .

The property, under option from Black Bart Prospecting, is located in the Botwood Basin, of central Newfoundland. The twenty-two (22) drill hole program is progressing well and the fifth hole has just been completed. The drill holes are collared 80 to 100 meters west of the "Knob Showing", where visible gold bearing quartz veins have been reported to occur in the outcrop (81.53 g/t Au over 0.81 m).

The current drill program is designed to test structural/shear zones believed to host gold bearing mineralization as demonstrated by 1991 Noranda Exploration Co drill holes (GLN-90-11: 38.53 g/t Au over 6.45 m; GLN-90-13: 32.20 g/t over 1.60 m). The program will also investigate newly discovered MMI Au soil anomalies in the vicinity. Holes one through five respectively, intersected several mineralized sections with widths of 3.5m, 2m, 10m, 18m, and 6m, and were sent for analysis. Assay results are pending and will be published as they become available.

VVC Exploration is a Canadian junior mining company listed on the TSX Venture Exchange.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

For further information please contact:
Mr. Michael Curtis of Cardwell Capital Corp. at 450-472-6166 <[e-mail]> or
Michel Lafrance, Secretary-Treasurer at 416-368-9411 ext23 <[e-mail]>

Dated: February 4th, 2003

On behalf of the Board of Directors
Michel Lafrance, Secretary-Treasurer
Symbol: VVC - TSXV

http://www.vvcexploration.com/s/Home.asp