Victory West Metals Limited

Victory West Moly Limited (ASX:VWM) is pleased to announce it has completed arrangements for the capital raising of A$1,500,000. These additional funds will strengthen the company's cash position as it continues its exploration programme of its Malala Molybdenum Project, Sulawesi, Indonesia.

Victory West Moly Ltd (ASX:VWM) is pleased to announce the completion of a detailed, three-dimensional, double-offset dipole-dipole Induced Polarisation (IP) geophysical survey (the "IP Survey") over the Anomaly B prospect area.

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The board of Victory West Moly Limited (ASX:VWM) is pleased to announce that it has retained Convergence Capital Limited ("CCL") as the Company's Global Investor Relations partner.

Victory West Moly Limited (ASX:VWM) is pleased to provide shareholders with this Quarterly Activity Report for the three (3) months ending 31 December 2009. Activities continued to focus on the Anomaly B and Promistis prospect areas within the Malala Molybdenum Project located in northern Sulawesi, Indonesia.

Victory West Moly Limited (ASX:VWM) is pleased to announce the strengthening of the Management team with the appointment of Mr Robert Hyndes as Chief Executive Officer.

Victory West Moly Limited (ASX:VWM) is pleased to announce the latest results of ongoing trenching at Anomaly B, as well as details of the upcoming 3-dimensional Induced Polarisation (IP) geophysical survey to be conducted over the Anomaly B prospect area.

Victory West Moly Ltd (ASX:VWM) is pleased to announce the discovery of a significant new molybdenum anomaly at PT Promistis, only 10km from the Company's Anomaly B Molybdenum Prospect, within the Malala Molybdenum Project area, Sulawesi, Indonesia.

Victory West Moly Limited (ASX:VWM) is pleased to provide shareholders with this Quarterly Activity Report for the three (3) months ending 30 September 2009. Activities continued to focus on Anomaly B within the Malala Molybdenum Project located in northern Sulawesi, Indonesia.

Victory West Moly (ASX:VWM) is a Perth based mining company with molybdenum interests in Indonesia. The Company recently announced a major development related to its 5 molybdenum concessions on the island of Sulawesi in Indonesia, at a time of strong upward price movement for the metal.