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Victory Energy Adds to Board of Directors

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Victory Energy Corporation has reported that its board of directors has approved the addition of Mr. Ralph Kehle as a new independent board member. Mr. Kehle is both a successful industry executive and as a scientist, has to his credit several very large discoveries. The position is effective July 1, 2014. 

Kenny Hill, Victory's CEO, commented: "We welcome Ralph to our board and look forward to his contributions. His extensive Permian Basin relationships, technical capabilities and entrepreneurial skills align nicely with our growth through acquisition and development strategy. Ralph has been a CEO of a publicly traded company, managed large investment partnerships and has extensive board and advisory experience. All of these skills dove-tale nicely with our current business plans. He has been active in the Permian Basin for over 30 years and will help the Company extend its already deep relationships, while also helping us sharpen our long term goals and objectives. We look forward to his thoughtful contributions in the coming months and years."

Mr. Kehle is President of Eichen Petroleum Management, Inc. and Manager of two oil and gas investment partnerships, Avalon Oil Company and Hermosa Energy Partners. He serves as an advisor to G-4 Resources, Inc. Ralph was formerly CEO and Chairman of the Board of Hershey Oil Company, listed on the American Stock Exchange, and later purchased by The American Exploration Company. Ralph led Hershey into the Permian Basin in the 1980's, where they discovered the 15 million barrel Stockyard Field in Gaines Co., Texas. In addition, he has also served as a director of EPIC Geophysics, Inc. a seismic processing company, Aerodata (now Fugro), an Airborne geophysical company, and Steven & Tull, LLC, a petroleum exploration and production company. Mr. Kehle has been engaged in the oil and gas business for 48 years and has to his credit the discovery and development of a 300+ bcf extension to the Coleman North Field in Alberta, the 200+ bcf in Guerra Field, Duval & Webb Cos., Texas. Mr. Kehle has a B.S. with honors as well as an M.S. from the California Institute of Technology, and a PhD. from the University of Minnesota. He also served as Associated Professor of Geological Sciences at the University of Texas, Austin.