TORONTO, June 26, 2023 (Globe Newswire) — VVC’s strategic investment, Proton Green, LLC (“Proton Green”), is one of the leading helium, beverage-grade CO2 operators.², and the Carbon Sequestration Hub of North America, announced the launch of a Phase I helium extraction plant at its approximately 150,000-acre adjacent St. John’s Dome property. The St. John’s property is located in Apache County, Arizona, at the top of one of the largest helium and carbon dioxide reservoirs in North America, with an estimated 33 billion cubic feet of helium and 9 trillion cubic feet of carbon dioxide.² in accessible reservoirs. Of note are both helium and CO.² Products from this region do not contain hydrocarbon content.

Proton Green’s CEO Steve Looper said: “Commencement of production at Phase I helium extraction plant positions Proton Green as one of the top 10 helium producers in North America, behind Exxon and Kinder Morgan.” , is expected to reach nameplate production capacity in the coming weeks as standard ramp-up and risk management procedures are implemented. Proton Green’s production has fixed-price take-back agreements with two companies. A multinational industrial gas distribution and sales company. “

VVC holds a 14.09% ownership interest and expects to begin recognizing cash flows from the free cash generated by Proton Green. “We are really excited about this new development,” said VVC Chairman Terrence Martell. “Proton Green will be able to generate free cash in the near future and we look forward to the future monetization efforts that this strategic investment will bring.”

About VVC resources
VVC is committed to the exploration, development and management of natural resources, the scarce and increasingly valuable resources needed to meet the growing high-tech demands of industries such as manufacturing, technology, medicine, space travel and the expanding green economy. We specialize in materials. Our portfolio includes a variety of multi-asset high-growth projects, including: Copper and related metals operations in northern Mexico. Strategic investments in carbon sequestration and other green energy technologies. VVC is a publicly traded company based in Canada and listed on the TSXV (TSX-V:VVC) and OTC markets (OTCQB:VVCVF). For more information, please visit: www.vvcresources.com.

About Proton Green LLC
Proton Green LLC is poised to become one of North America’s leading producers of helium and beverage grade CO.²At the same time, it has established itself as one of the leading carbon sequestration operators in North America. The company has operational control of his 152,000-acre site, St. John’s Field, in Apache County, Arizona, and manages a huge helium reservoir, CO.² Reservoirs and carbon storage basins.Both helium and beverage grade CO² It continues to be in short supply. Helium is used to cool magnets in MRI systems, as the temperature of silicon during semiconductor manufacturing, in space and satellite system applications, and many other critical technologies. Carbon capture and sequestration is fast becoming a climate change imperative and we have the capacity to inject up to 22 million tons of carbon dioxide.² There is a total storage capacity of over 1 billion tons per year in the main basins. Company website: https://www.protongreen.com/

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Forward-Looking Statements:

This news release contains “forward-looking information” (within the meaning of the applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995). It contains. Such statements and information may not be used to “anticipate,” “believe,” “anticipate,” “plan,” “intend,” “may,” “estimate,” “propose,” “plan ”, “outlook”, etc. “Predict” or similar words implying statements about future results or prospects. Such statements regarding VVC include, among others: VVC achieves cash flow generation milestone. VVC expects to begin recognizing cash flows from free cash generated by Proton Green. Future monetization efforts from this strategic investment will generate free cash for ProtonGreen in the near future.etc

Such forward-looking information and statements are based on a number of risks, uncertainties and assumptions and may cause actual results or other expectations to differ materially from those projected or may be incorrect. It may turn out that Assumptions include, but are not limited to, management’s expectations regarding acquisitions, helium production, future development and growth, the planning and completion of projects by third party relationships with the company, the availability of capital, and the need for capital and other expenditures. It is done. . Actual results may include, but are not limited to, operational risks in completing our anticipated projects, delays or changes in plans for the development of our anticipated projects due to our relationships with third parties, and COVID-19 related risks. It can vary significantly depending on many, but not limited to, factors. -19, risks affecting project development capabilities, risks of legislative changes in applicable jurisdictions, risks inherent in operating in foreign jurisdictions, the ability to attract key talent, and risks of declining helium and copper prices. There is no guarantee that our efforts will be successful.

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