Shares Outstanding: 78,951,885
Virgin Metals Announces Board and Management Additions
Toronto, ON - September 18, 2007 - Virgin Metals Inc. (TSX: VGM) ("Virgin Metals" or the "Company") announces that following the resignation of Mr. Tom Griffis and Mr. Chris Berlet from the Board of Directors, Mr. Bruce Higson-Smith and Mr. Darryl Sittler have been appointed in their place until the next general meeting of the Company.
Both Tom and Chris have resigned due to increasing commitments in other areas in which they work. The company wishes to thank Tom and Chris for their substantial contributions to the Company, Tom in bringing the Cuatro Hermanos property to the company and Chris for his role as a founding director in the early development of the company in its present form.
The Board of Virgin is now chaired by Mr. Roland Horst who welcomes Bruce and Darryl to the Board. Bruce Higson-Smith is a mining engineer with a background ranging from operations management to investment fund management; he holds an MBA from Baruch College and is currently Vice President, Corporate Development at Golden Star Resources Inc.
Darryl Sittler is a former National Hockey League player and a 1989 inductee to the Hockey Hall of Fame. He is an independent businessman and currently acts as consultant to the Maple Leafs Hockey Club. He is a director of Randsburg International Gold Corp., of Wallbridge Mining Company Ltd. and of Royal Nickel Corporation.
The Company also announces the engagement of Mr. John Spurney as Vice President, Exploration. Mr. Spurney has had a distinguished career in exploration; he has been closely involved in several major discoveries including Las Crucitas in Costa Rica. He has worked, among others, for Placer Dome, Barrick and Bema Gold. Mr. Spurney will assume responsibility for Virgin's exploration activities in Mexico.
About Virgin Metals
Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is undergoing a feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is presently the focus of an intense exploration effort.
FORWARD-LOOKING STATEMENTS
This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other regulatory authorities. Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future
events and conditions, but no assurance can be given that such events or conditions will occur.
For further information, please contact:
Valerie Kimball, Investor Relations
Email: vkimball@virginmetals.com
Phone: (303) 703 1210
RENMARK FINANCIAL COMMUNICATIONS INC.
BARBARA KOMOROWSKI: BKOMOROWSKI@RENMARKFINANCIAL.COM 
NEIL MURRAY-LYON: NMURRAYLYON@RENMARKFINANCIAL.COM 
MEDIA - VANESSA NAPOLI : VNAPOLI@RENMARKFINANCIAL.COM
PHONE:  (514) 939-3989
FAX:  (514) 939-3717
WWW.RENMARKFINANCIAL.COM
|
Virgin Metals Inc.
|
|
EXPLORATION STAGE |
CODE : VGM.TO |
ISIN : CA9276922023 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Virgin Metals is a copper and molybdenum exploration company based in Canada. Virgin Metals holds various exploration projects in Mexico. Its main exploration properties are LOS VERDES, LOS VERDES COPPER/MOLY and CUATRO HERMANOS in Mexico. Virgin Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.9 millions, € 1.5 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.97, and its lowest recent point on April 09, 2009 at CA$ 0.01. Virgin Metals has 49 449 000 shares outstanding. |