VVC Exploration Corporation announced that as a part of a potential debt financing effort it has received and signed a Termsheet between Aeris Trading Corp. This $4 million term sheet, proposes a two part loan facility. First, a $2 million tranche to be available for drawdown by the end of February, and second, a further $2 million upon the receipt of all mining permits on the Company's 33% VVC owned Samalayuca Copper Project.

The loan is focused on the startup of production at the Samalayuca Copper Project which is 33% owned by Camex, and may also be used for the corporate operations of Camex and VVC. A total loan facility of $4.0 million, with at least $500,000 to be advanced at the end of February 2104 and the balance at regular intervals over 12 months. Repayment will occur from 50% of any cash flow that Camex may receive from its Samalayuca Copper Project, and, in any case, must be completely repaid within 5 years from the date of the first disbursement.

The loan will be secured by half of Camex's ownership of its Samalayuca Copper Project in Chihuahua, Mexico. Outstanding principal shall bear an interest rate of 12% per annum. A bonus of 1 million common shares of VVC (priced at $0.05 per share) and 2 million common share purchase warrants will be issued for each $500,000 drawdown of the loan facility, up to a maximum of 8 million shares and 16 million Warrants, if the full $4 million loan facility is utilized.

Each Warrant entitles the holder to purchase one additional common share of the Company at $0.08 per share for a period of 5 years. Finders fees of 2% of the aggregate amount of the loan may be payable to persons, at arms' length to the Lender, Camex and VVC, who are instrumental in arranging the closing of this facility, payable on each draw-down. The terms of this loan will require the approval of the TSX Venture Exchange.