Virgin Metals Inc.

Published : March 28th, 2008

Announces Filing of its 2007 Year End Disclosure Documents

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Keywords :   Copper | G Mexico | Mexico | Molybdenum | Water |

Shares Outstanding: 84,881,246

Virgin Metals Announces Filing of its 2007 Year End Disclosure Documents

Toronto, ON - March 28, 2008 - Virgin Metals Inc. ("Virgin Metals" or the "Company") (TSX: VGM) today filed its Annual Information Form, its audited consolidated financial statements and accompanying notes for the year ended December 31, 2007 and related Management Discussion and Analysis with Canadian Securities Regulatory Authorities. Copies of Virgin Metal's 2007 disclosure documents may be obtained at www.sedar.com or by e-mailing the Company at info@virginmetals.com.

The Annual Information Form includes by reference the independent National Instrument 43-101 Technical Report on the Los Verdes Project dated February 29, 2008 prepared by Chlumsky, Armbrust & Meyer, LLC, which has also been filed today. 

Update on Operations

It is anticipated that the technical study currently in progress will be completed in the next two months. The Company's consultants have advised the Company that it expects the study to reach pre-feasibility study standard, although a substantial amount of work to date has reached feasibility study standard.

At the request of consultants, the Company will carry out further metallurgical testwork to determine response of different ore types in order to more precisely determine metallurgical recoveries and product qualities so that detailed mine planning can be prepared. Test work to date has shown excellent recoveries of molybdenum. Work will also be completed on securing water supply, finalizing surface rights agreements and completing condemnation and geotechnical drilling programmes to finalize plant, tailings, water impoundment and waste dump locations and designs. Results of the above and other work would then be incorporated into a final feasibility study that the Company anticipates receiving from its consultants during the fourth quarter of 2008.

Virgin Metals is also pleased to announce that it has recently promoted Rene Mladosich to General Manager, Mexico Operations.  Mr. Mladosich has been employed with Virgin Metals since July 2007, and has played a key role in advancing the development of the Los Verdes project.  Mr. Mladosich is a Mexican national who has extensive experience in advancing mining projects to production in Mexico.   He was most recently manager of logistics at the Dolores project and previously was responsible for administration at the Magistral project in Sinaloa with responsibility for community relations, permitting and personnel. He is a graduate of the University of Sonora in mining engineering.

The technical contents of this release have been reviewed by Christopher Kaye, B. Eng. (Chemical), of Mine and Quarry Engineering Services Inc. (MQes Inc.), a Qualified Person pursuant to National Instrument 43-101. MQes Inc., is coordinating the preparation of the feasibility study on the Los Verdes project.

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 
PHONE:  (514) 939-3989
FAX:  (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Virgin Metals Inc.

EXPLORATION STAGE
CODE : VGM.TO
ISIN : CA9276922023
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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.

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Project news of Virgin Metals Inc.
9/11/2008Files Technical Reports on Los Verdes and Cuatro Hermanos
7/28/2008Announces Receipt of a Positive Pre-Feasibility Study on the...
7/10/2008(Cuatro Hermanos)Mineral Resource at Cuatro Hermanos
4/2/2008(Cuatro Hermanos) Extends Limits of Cu-Mo Mineralization at its Cuatro Herman...
2/28/2008(Los Verdes)Releases Updated Los Verdes Resource Estimate
2/14/2008(Cuatro Hermanos)Cuatro Hermanos Drill Program Continues to Delineate Broad Z...
11/7/2007(Los Verdes Copper/moly)Provides Update on Mexico Projects
Corporate news of Virgin Metals Inc.
3/28/2008Announces Filing of its 2007 Year End Disclosure Documents
2/11/2008 Adopts Shareholder Rights Plan and Provides Update on Activ...
12/6/2007 Announces Final Diamond Drill Results from Los Verdes
11/29/2007 Announces Long Intervals of Copper-Molybdenum Mineralizatio...
9/18/2007Announces Board and Management Additions
9/5/2007High Molybdenum Grades Intersected at Cuatro Hermanos
8/8/2007Update on Cuatro Hermanos Property
7/12/2007Drill Results at Los Verdes
7/3/2007Completes Acquisition of Cuatro Hermanos Property
5/31/2007Reports Additional Drill Results, Including 22m. at 0.78% Mo...
5/18/2007Acquires Ownership of Cuatro Hermanos Property
4/23/2007Resumes Drilling at Los Verdes; Reports 39.62m Intercept at ...
4/20/2007Receives Conditional Approval to List on the Toronto Stock E...
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