Victory West Metals Limited

Further to previous announcements made by Victory West Metals Limited (ASX:VWM) (FRA:R1E), the Company has signed a binding Share Purchase Agreement (the Agreement) with the shareholders of SEAE to acquire 100% of South East Asia Energy Resources Pte Ltd (SEAE) for:

Asian Activities Report for October 28, 2011 includes: Victory West Metals Limited (ASX:VWM) has signed a Heads of Agreement to acquire 100% of South East Asia Energy Resources Pte Ltd; Centrex Metals Limited (ASX:CXM) has received payment of A$8M to commence Stage 3A of the Bungalow Magnetite Joint Venture with Baotou Iron & Steel Group Company Limited; Gryphon Minerals Limited (ASX:GRY) announces more outstanding drilling results from ongoing drilling at the Nogbele Deposit at the Company's flagship Banfora Gold Project in Burkina Faso; Ivanhoe Australia Limited (ASX:IVA) announces the completion of the Osborne Copper-Gold Study and the results of the Preliminary Economic Assessment of the Osborne Project in north-western Queensland.

Victory West Metals Limited (ASX:VWM) (ETR:R1E) advises that it reached a settlement on 10 June 2011 with the Indonesian vendors of the USSU nickel project in Sulawesi, Indonesia.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) has mobilised an experienced team to commence technical due diligence at the Novienindo Copper Project in Sulawesi, Indonesia.

Victory West Moly Limited (ASX:VWM) has been reviewing projects in Indonesia for the last few years and has developed strong relationships with a network of local parties that are seeking a strong listed partner, with mining expertise, access to development capital and the Chinese market.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) is pleased to advise the receipt of A$500,000 representing the first tranche of the A$1 million Commitment Fee from its joint venture partner China Guangshou Group Corp (CGGC) as part of their obligations to invest in the Malala Molybdenum Project in North Sulawesi, Indonesia.

Victory West Moly Limited (ASX:VWM) is pleased to announce the imminent commencement of construction and development activities at the USSU Nickel Project.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) advise that its joint venture partner China Guangshou Group Corp (CGGC) is poised to start aggressive work program on the Malala Molybdenum Project in North Sulawesi, Indonesia after CGGC has agreed to advance the first A$500,000 cash payment provided for as part of the pair's joint venture agreement.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) announce that subject to due diligence is to acquire via way of equity earn-in a 75% equity interest in a highly prospective copper/gold project located in Toraja province, South Sulawesi.

Victory West Moly Limited (ASX:VWM) (ETR:R1E) the SE-Asia focused metals explorer, is pleased to provide an update of its drilling program at the USSU Nickel Project.