	Monday, October 15, 2007 Santoy Acquires 1,000,000 Shares of Boss Power Corp. and Closes $1,000,000 Private Placement
	NR: 07-25 Acquisition Santoy Resources Ltd. (TSX.V: SAN) ("Santoy" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of 1,000,000 common shares in the capital of Boss Power Corp. ("Boss") (TSX.V: BPU) at a purchase price of $0.75 per share for an aggregate purchase price of $750,000 from Anthony Beruschi and his nominees (collectively, "Beruschi"). Prior to the closing of the Acquisition, Santoy held 26,250,000 common shares in the capital of Boss, which represents approximately 35.83% of the outstanding common shares of Boss. As a result of the closing of the Acquisition, Santoy now holds 27,250,000 common shares of Boss, representing approximately 37.18% of the outstanding common shares of Boss. At present, Santoy does not have any intention to acquire ownership of or control over additional securities of Boss. Private Placement Santoy has also closed its previously announced private placement of 2,380,953 units (the "Units"), as a component of the Settlement Agreement with respect to the Blizzard Deposit transaction, with Beruschi et al, at an issue price of $0.42 per Unit for aggregate gross proceeds of $1,000,000 (the "Private Placement"). Each Unit consists of one common share of Santoy plus one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of Santoy at an exercise price of $0.52 per share until October 12, 2008. The Units are subject to a four-month hold period expiring February 11, 2008. The proceeds will be used for general working capital. About Santoy Resources Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca. About Boss Power The Blizzard deposit, 100% owned by Boss Power Corp., is a well-known historically reported uranium resource and the subject of a NI 43-101 compliant Technical Report May 30, 2007, by Dr. Peter A. Christopher, P.Eng. The Blizzard deposit was the subject of a detailed engineering evaluation by Kilborn Engineering in the late 1970's, based on a total of 21,184 metres of drilling in 478 reverse circulation and diamond drill holes. The Kilborn Engineering Feasibility Study generated an historical reserve calculation of 2.2 million tonnes grading 0.214 percent U308, at a cut-off grade of 0.025% U308 and including a 15% mining dilution (for an estimated 10.4 million pounds of U308). This was re-classified by Dr. Christopher into an indicated and inferred resource to reflect current usage as the Kilborn Engineering Feasibility Study is not in compliance with NI 43-101. Readers are cautioned that Boss Power has not undertaken any independent verification of the data on which the Kilborn resource is based, or the feasibility results, hence the results should not be relied upon. On Behalf of the Board of Directors SANTOY RESOURCES LTD. "Ron Netolitzky" Ron Netolitzky, President Cautionary Statement on Forward-Looking Information The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Virginia Energy Resources Inc.

	DEVELOPMENT STAGE
	CODE : VAE.V
	ISIN : CA9278051011

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Virginia Energy is a gold and cobalt exploration company based in Canada.

Virginia Energy develops gold, cobalt and uranium in USA, and holds various exploration projects in Canada.

Its main asset in development is COLES HILL PROPERTY in USA and its main exploration properties are ALIMAK/DECADE, RKN/GOLDEN HEART AREA, KASMERE LAKE, HAZEMPA LAKE, FIR ISLAND, PATTYSON LAKE, DOWLER LAKE, KARPINKA LAKE, THE BOW RIVER, ATHABASCA WESCAN SANTOY JV, OTISH, HAWK RIDGE, BLIZZARD, HATCHET LAKE, MUSTANG LAKE and BINGO in Canada.

Virginia Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.0 millions as of today (US$ 7.2 millions, € 5.2 millions).

Its stock quote reached its highest recent level on February 23, 2007 at CA$ 8.00, and its lowest recent point on April 17, 2009 at CA$ 0.07.

Virginia Energy has 57 230 614 shares outstanding.

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Virginia Energy Resources Inc.

Acquires 1,000,000 Shares of Boss Power Corp. and Closes $1,000,000 Private Placement

Virginia Energy Resources Inc.