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Corporate Presentation April 2012

Corporate Presentation April 2012. Management Team and Board of Directors. James Culver , Director , President and CEO Patrick Fernet , Chairman and VP Michel J. Lafrance , Director and Secretary-Treasurer Kevin Barnes , CFO

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Corporate Presentation April 2012

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  1. CorporatePresentation April 2012

  2. Management Team andBoard of Directors • James Culver, Director, President and CEO • Patrick Fernet, Chairman and VP • Michel J. Lafrance, Director and Secretary-Treasurer • Kevin Barnes, CFO • Peter M. Dimmell, Director, Geological Consultant and Qualified Person (QP) • Robert Boisjoli, Director

  3. Corporate Information Stock Symbol: VVC (TSX Venture Exchange) V7S (Borse Frankfurt) SharesOutstanding: 63,300,961 Current market cap: $5.1M Warrants: 9,521,429 Options: 4,721,000 Head Office: Suite 501, 121 Richmond W. Street, Toronto, Ontario, Canada M5H 2K1 Satellite offices: • 1 Place Ville-Marie, Suite 1812, Montreal, Quebec, Canada H3B 4A9 • Periférico Boul. Ortiz Mena 2824 Local 22, Col. Quintas del Sol, Chihuahua, Chihuahua, México

  4. Recent Corporate Announcement • A non-bindingletter of intentwasannounced for VVC to purchase the preciousmetalsassetsof Camex MDG • Camex MDG is a private, Canadian companywith a whollyownedsubsidiary in Mexico withstrong, country-specificknowledge and provengeological expertise • Camexacquired excellent exploration properties in Mexico • Accretive acquisition addingadditional exploration properties for preciousmetals in Mexico • The combination of preciousmetalpropertiesfromCamex and VVC’sMexicanpropertieswillensurethatthereis a strong exploration story when the companygoes to market to fund exploration

  5. Proposed Transaction WithCamex(Non-binding LOI Signed) Summary: • Combine Mexican-basedpreciousmetalspropertiesfrom VVC and Camex 1. Two VVC properties (Cumeral and La Tuna) and twoCamexproperties (Escondida and Copper Creek) 2. Two of the four properties are highly prospective Northern Sonora Mexico preciousmetals exploration properties (Cumeral and Escondida) 3. Twolessdeveloped but neverthelessveryinterestingMexicanpreciousmetalsproperties (La Tuna and Copper Creek) • Immediate Focus is on developing NI 43-101 compliantresourcesthrough a welldefineddrilling/exploration plan for Cumeral and Escondida • Company’s efforts focusedon projectsthatprove to beeconomically viable as open pit, heapleachprojectsthat are relativelyinexpensive to initiate a mine or pilot mine • Propertiesthat do not fit this model but have resource value willbesold or joint ventured

  6. Proposed Transaction WithCamex (cont’d) • Proposedcombinedentitieswill have provengeological, exploration, mining, financial, and management expertise • Investmentis in early stage Mexicanpreciousmetalspropertieswithsignificantupsidepotential, in a veryprosperouspreciousmetals exploration area of Mexico • Success stories in the samegeologicalregionwithsimilargeology structures include: 1. La Herradura (Fresnillo/Newmont) 8 million ounces Au reserves (4 million oz mined) in production 2. San Francisco (Timmins Gold Corp) 1+ million oz Au reserves—in production La Colorado (Pediment Gold Corp) 5.1 million oz Ag reserves—in production 3. La Choya (Hecla Mining) Reserve figures not available, > 300,000 oz Au mined—in production 4. Lluvia de Oro (NWM MiningCorp) >300,000 oz Au, M&I resource —began production in late 2011 5. La Jojoba (NWM MiningCorp) > 200,000 oz Au M&I resource

  7. Current Offering Price: $0.05 (at a slight discount to market) Warrant: 1 full warrant, entitles the holder to 1 commonshare Exerciseprice $0.12 for 1 yearfollowing the closing date and $0.18 for a furtheryear Funds to beraised: up to $500,000 Use of proceeds: Working capital and corporaterequirements untilproposed transaction with Camex iscompleted

  8. Our Strategy TheNearTermStategy of theCombinedCompanyIncompassed in 5 Points • Acquire a portfolio of promisingMexicanpreciousmetals exploration properties in area of NorthernSonora Mexico where the company has expertise and local connections. • Utilize country/local-specific expertise alongside world class geologist and exploration team withoutstandinggeologicaltrack record to create value • Focus nearterm exploration on twoprimaryproperties--Cumeral from VVC and Escondida from Camex. Thesepropertiesbothpresent the opportunity for open-pitpreciousmetalmining in an area that has seennumerousrecentsuccesses • With the combination of VVC and Camex MDG properties, management, geological and exploration expertise, raise up to $3M to explore Cumeral and Escondida • Management team has developed a well-defined exploration and drilling plan and has a good indications of positive resultsfrom the types of mineralizations in thesetwoprojects

  9. Current Exploration Projects Cumeralis a North Central Sonora Mexico property, 200 Km North of Hermosillo Mexico, that covers 6,649 hectares. • Located 140Km from Tucson Arizona in the Sierra Madre Occidental in the Sonora Desert at approximately 900 meters elevation. • Cumeral is an epithermalgold deposit in an extensionaltectonicsetting • Mineralization similar to La HerraduraMine the largest gold mine in Mexico also in Sonora State • Project definitional 43-101 in process Escondida is a North Central Sonora Mexico property 200 km North of Hermosillo Mexico, that covers 178 hectares. • Located 140 Km from Tuscon Arizona in the Sierra Madre Occidental in the Sonora Desert at approximately 1000 meters elevation. • Escondida is an orogenicsilver-gold deposit • Mineralizationsimilar to Kalgoorlie, a world class deposit in Australia • Very interesting sample grade values of silver, and gold—12 samples had more than 300 grams of silver per ton and 7 samples had over 0.5 grams of gold per ton • Project definitional 43-101 completed

  10. Location of Cumeral & Escondida Properties CUMERAL PROPERTY ESCONDIDA PROPERTY

  11. Successful Projects Nearby Mesquite gold mine 8 MOz Au reserves+resources AmonglargestcurrentUS gold mines Cumeralproperty La Herraduramine 8 MOz Au reservesMexico’sbiggest gold mine (Penmont Jan 20, 2012) Escondidaproperty San Francisco mine 1 MOz Au resources Nov 2011 43-101

  12. Highlights of Cumeral Property • Relatively flat surface area of over 6,000 hectares with numerous pits where past mining has occurred—maybe as far back as the Spaniards • Near flat mineralization zone ideal for open pit mining, very similar to La Herradura mine • Surface sampling and air track drilling in four zones show the presence of gold, silver and copper. Total gold mineralization zone at least 3.6 Km long. North end of the property contains a gold placer, which if connected to the southern zone would produce a much longer mineralization zone • VVC has taken 93 grab samples with the best results being 12.65 g / t Au and 28 Air track drill holeswith the best results in the 14 metersat 1.45 g/t Au and 6.74 g/t Ag • Based on the mineralization, the property has the potential for significant deposits of gold, potentiallymore than 1 millionounces of goldthat can be open pitmined and heapleachrecovered

  13. EpithermalGoldDeposit Cumeral (Sonora, Mexico) An epithermal gold deposit in an extensionaltectonic setting

  14. Cumeral gold zones • VVC has taken 93 grab samples of which the best returned 12.65 g/t Au • 28 Air track drills, the best 14m at 1.45 g/t Au and 6.74 g/t Ag

  15. Cumeral gold zones Propertywidesoilsampling in process Recommendeddrilling as a result of mapping, surfacesampling and previousdrilling Certainlythe work to date wouldindicatethepotentialfor more than 1 millionounces of goldthat can be open pitmined and heapleachrecovered Aninitial 5000 m drillprogramisplanned, withholestobestartedjustabovetheCascadelpit and progress SE with 100m increments Iffirst line of ddhissuccessful, ddhfencedrillingshouldprogress NE and SW Gardin Inc.

  16. Resource Development Plan for Cumeral Based on recommendations of the geologyand exploration team, the plan is to undertake an exploration program to delineate a potential flat, near-surface, bulk-tonnage gold deposit as soon as funds are available: • Complete a NI 43-101 resourcecalculationwithmuch initial workalreadydone Estimatedcost of $20,000—expected by end of April • Soilsurvey Estimatedcost of $60,000—expected by end of May • Drillingcampaign—6,000 meters in two phases; 1. Phase 1--1,500 meters of reverse circulation drilling 5 holes 300 meterseach to delimate the potentialalong a section of 1Km long Estimatedcost of phase 1 is $400,000 to beinitiated as soon as funds are available 2. Phase 2--include 1,500 meters of daimonddrilling and 1,500 reverse circulation drilling Estimatedcost of phase 2 is $ 1,300,000

  17. Escondida • Escondida is an epizonalAu-Ag-Sb depositproject located in Central Sonora, Mexico, 140 K south of Tucson Arizona. • Property covers 178 hectares with three major mineralization structures. • Initial exploration campaign was begun in July 2011, with 116 samples taken as the mapping of the property was completed. • The property shows very interesting grade values of silver, and gold—12 samples had more than 300 grams of silver per ton and 7 had over 0.5 grams of gold per ton. • An initial 43-101 is in progress with expected completion in Q2 of 2012.

  18. Obviously in a compressional tectonic setting

  19. Escondida EpizonalAu-Ag-Sb Deposit Jamesonite (Pb4FeSb6S14)--Lead mineralizationatEscondida indicatescharacteristic Au-Sb epizonalorogenicmetallic association

  20. Second type of mineralizationtarget in Escondida:Gold-bearing quartz veinletsstockwork in competent gabbro Escondida

  21. Resource Development Plan for Escondida Based on recommendationsof the geologyand exploration team, the plan is to undertake an exploration program to delineate a near-surface, bulk-tonnage silver-gold deposit as soon as funds are available: • Complete a groundmagneticsurvey to delineate the gabbro competent mass within the incompetentturbiditesequence • Hire a geophysicist to completea 3D mag inversion thatcanbeintegrated to a 3D GIS software • Plan a diamonddrill holescampaignthatwouldtarget: 1) pressure shadow zone in the gabbro mass and 2) probe a possible saddlereefstakingbelow La Generosa, La Abundancia and La Discreta ‘veins. EstimatedCost--$450,000

  22. Investment Highlights • CombinedMexicanpreciousmetals exploration projectsfromtwocompanies in a prolificpreciousmetalsregion of Mexico • Highlyskilled team with world class geological and exploration expertise to create a successful junior miningcompanyprovidingsignificant value for shareholders • Objectives: • Complete NI 43-101 resourcecalculations for Cumeral and Escondida • Carry out a one-year exploration program on Cumeral and Escondida, including, soilsampling and 7,500 m drilling total on 2 projects • Interimfunding to becompleted in April –to completeCumeral’sdefinitional NI 43-101 compliantstudy and soilsurvey, and for generalworking capital in advance of the proposed transaction • Significantfinancing in earlysummer of 2012 to raisefunds for the exploration program of the twotargetproperties.

  23. Contact Information • James (Jim) Culver, President 1 Place Ville-Marie, Suite 1812 Montreal, Quebec, Canada H3B 4A9 Email: jim@camexmdg.com Phone: 514-631-7878 or 212-689-4100 • Patrick Fernet, Vice President 1 PlaceVille-Marie, Suite 1812, Montreal, Quebec, Canada H3B 4A9 Email: pfernet@vvcexploration.com Phone: 514-631-2727

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