Victory West Metals Limited

Victory West Moly Limited (ASX:VWM) (FSE:R1E) the SE-Asia focused metals explorer, has announced a significantly refined exploration target size for the nickel laterite mineralization at its USSU Nickel Project in Indonesia.

Victory West Moly Limited (ASX:VWM) is pleased to announce that it has completed negotiations and commercial terms and conditions with Oceantide Investments Pty Ltd ("Oceantide") and is proceeding with the acquisition of (subject to shareholder approval) of Oceantides rights to a 70% equity interest in the highly prospective USSU Nickel Project.

A$2.5 Million Placement made with Convergence Capital Corporation Victory West Moly Limited (ASX:VWM) is pleased to announce the placement of 20,833,333 new fully paid ordinary shares at a price of A$0.12 per share to raise A$2.5 million. The shares are being placed with Convergence Capital Corporation and or its sophisticated and institutional investors. These additional funds will strengthen the company's cash position as it finalises due diligence on the previously announced DSO Nickel acquisition.

Victory West Moly Limited (ASX:VWM) is pleased to announce the execution of a binding Memorandum of Agreement ("MOA") with China Guangshou Group Corp ("CGGC") that will fully fund VWM's Malala Molybdenum Project to large scale production.

Victory West Moly Limited (ASX:VWM) ("VWM" or the "Company") confirms that on 21 October 2010, the Company entered into a Share Acquisition Agreement with the shareholders of Victory West Pty Ltd (Victory West) to formalise its agreement to acquire the remaining 25% of their shares in Victory West as previously announced.

On the 3 September 2010, Victory West Moly Limited (ASX:VWM) (FRA:R1E) isentered into a Memorandum of Understanding (MOU) with China Guangshou Group Corp ("Guangshou" or "CGGC") that, subject to due diligence, CGGC is to acquire a 65% interest in the Malala Molybdenum Project in consideration for CGGC sole funding 100% of all exploration, development and exploitation costs to meet a number of key exploration, development and production milestones with the objective of taking the Malala Molybdenum Project into commercial and sustainable large scale production by 2016.

Victory West Moly Limited (ASX:VWM) (FSE:R1E) are very pleased to announce the successful grant of Production and Operational (Exploitation) IUP licenses for its two most strategic concessions that form the core of the Malala Molybdenum Project located in North Sulawesi, Indonesia.

FINANCE AUDIO: Victory West Moly (ASX:VWM) CEO Robert Hyndes Interviewed By Brian Carlton.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) is pleased to announce the signing of a binding Memorandum of Understanding with China Guangshou Group Corp ("CGGC") that, subject to due diligence, is to acquire a 65% interest in the Malala Molybdenum Project.

The Australian market delivered a strong opening on Monday as investors were inspired by the US Federal Reserve Chairman Ben Bernanke's comments. Wall Street rallied on Friday after Mr. Bernanke said the central bank will do whatever it takes in to support an economic recovery. This morning the local market saw a 1.6 per cent rise in S&P/ASX200 index, and the All Ordinaries gained 1.5 per cent.