VVC Exploration - Default Status Update Report

TORONTO, Dec. 17 /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 following is the Company's bi-weekly default status report pursuant to Appendix B of CSA Policy 57-301:

  The Company's interim consolidated financial statements for the 1st
  quarters ending April 30, 2007 were filed on SEDAR on December 13th,
  2007. The comparative figures for the period ending April 30, 2006 have
  been restated to report a decrease in long term investment in BBAM of
  $131,916, a dilution loss of $105,629 and an increase in the equity in
  loss of $32,621. This was to be 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 still late in filing its interim consolidated financial
  statements for the second quarters ending July 31, 2007 and its
  Management Discussion and Analysis ("MD&A") for same period and for
  period ended April 30th, 2007. The Company is currently and
  expeditiously working on the prepa-ration of this quarterly statements
  and MD&A's which should be filed within a few days. The Company also
  anticipates filing the financial statements and & MD&A for the period
  ending October 31st, 2007 before the due date of December 31, 2007.


The cease trade order 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
Company is also in excellent financial situation.

About VVC:
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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