VVC Exploration - Default Corrected

TORONTO, Dec. 20 /CNW Telbec/ - VVC EXPLORATION CORPORATION (VVC: TSX-V) (V7S: FSE / BBSE) ("VVC" or the "Company") reports that further to the Company's Notice of Default contained in its news release of June 4, 2007 the Company's reports having all documents required to correct the Default and is now up to date with all its filings.

The Company's interim consolidated financial statements for the 2nd quarter ending July 31, 2007 were filed on SEDAR today, together with its Management Discussion and Analysis ("MD&A") for the same period and also the MD&A for period ended April 30, 2007. The Company's interim consolidated financial statements for the 1st quarter ending April 30, 2007 were filed last week. The comparative figures for the period ending July 31, 2006 have been restated to report a dilution loss of $105,629 and an increase in the equity in loss of $32,621. This is consistent with the restatement of the financial statements for the year ended January 31, 2007 as was reported in the news release on November 13th, 2007.

The Company is currently preparing the financial statements and MD&A for the 3rd Quarter ending October 31st, 2007 and anticipates filing them before the due date of December 31, 2007.

The management cease trade order ("MCTO") which has been in place since June 4, 2007, restricts Directors and Management from trading the securities of the Company. Persons unrelated to the Company may still trade their securities. The Company's shares trade on the TSX Venture Exchange under the symbol "VVC" and on the Frankfurt Stock Exchange and the Berlin-Bremen Stock Exchange under the symbol "V7S". The Company is continuing its exploration activities and its search for new property acquisitions.

The MCTO will be removed after the Ontario Securities Commission has reviewed the documents filed on SEDAR and are satisfied that the Company is compliance. The timing of this is outside the control of the Company.

About VVC:

VVC Exploration Corporation is a Canadian exploration company with projects in Canada. VVC also has an indirect participation in the Beaver Brook Antimony Mine in Newfoundland, Canada. VVC is also aggressively searching for other projects such as Gold, Base metal, Uranium and Antimony at various stages of development. Visit our website at www.vvcexploration.com.

The TSXV has not reviewed and does not accept responsibility for the

adequacy or accuracy of this news release.

                                On Behalf of the board of Directors

                                (Signed)

                                Michel J. Lafrance, Secretary-Treasurer