VYEY Victory Oilfield Tech Inc (PK)

Victory Energy Corporation (OTCBB: VYEY), a developmental stage petroleum company primarily dedicated to energy-related opportunities, today announced the appointment of Ronald W. Zamber, M.D. to the Board of Directors effective January 24, 2009. Dr. Zamber brings more than 15 years of experience in corporate management and business development extending across the public, private and non-profit arenas. He has helped build profitable companies in the healthcare, petroleum exploration, consumer products and Internet technology industries, and has served on multiple national business and healthcare committees.

Dr. Zamber's appointment follows the recent appointment of Edgar P. Trotter, Ph.D. to Victory Energy's Board of Directors. The Corporation's Board now includes three independent directors along with Victory Energy Chairman, President and CEO Jon Fullenkamp.

Mr. Fullenkamp stated, "Dr. Zamber has had extensive involvement in business ventures across multiple industries including management of early stage and developmental companies and restructuring of established companies. As a successful businessman and investor, as well as a practicing medical doctor and a humanitarian, Dr. Zamber is highly respected across numerous fields. We greatly value his commitment to Victory Energy and look forward to his immediate contributions to our leadership."

A board certified ophthalmologist, Dr. Zamber restructured and expanded a successful medical and surgical practice where he has been owner and president for over a decade. The Eye Clinic of Fairbanks (ECF) is a private, full service eye care practice based in Fairbanks, Alaska and serving the entire Alaska interior.

Dr. Zamber has applied his medical skills to work as a humanitarian, providing treatment and prevention for blinding eye conditions in underserved regions of the world. He and his wife are the founders of International Vision Quest (IVQ) a non-profit organization providing free eye care to needy men, women and children in developing countries. Through IVQ, Dr. Zamber has personally provided care and performed thousands of sight-saving and sight restoring surgeries in Ecuador, Nepal, Malawi and Costa Rica. IVQ also provides support for children's homes and orphanages to include funding for healthcare, education and basic life necessities. Dr. Zamber's international philanthropic service was recently featured in Ophthalmology Management magazine.

Dr. Zamber received his bachelor's degree with high honors from the University of Notre Dame and his medical degree with honors from the University of Washington.

Information about ECF is available by visiting http://www.eyeclinicoffairbanks.com/. Information about IVQ is available by visiting http://www.i-v-q.org/.

About Victory Energy Corporation:

Victory Energy Corporation (www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.

Contact: Victory Energy Corporate Communications 1-702-989-9735