Overview:

Virgin Metals Inc. (CVE:VGM) is a Toronto, Ontario, Canada based exploration and development company engaged in advancing copper focussed projects in Sonora State, Mexico. Virgin Metals’ strategy is to systematically explore and develop the Company’s primary assets: The Los Verdes and the Curatro Hermanos deposits. The Company’s current focus is to update the Los Verde’s pre-feasibility study while increasing the measured and indicated mineral resource of all the of the Company’s reserves.  Virgin Metal’s long term goal is to develop on of more profitable operating copper mines in Mexico.

Chief Properties:

Los Verdes:

The Los Verdes property is a historic molybdenum producer and was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 and 2007 has resulted in the completion of a Pre-Feasibility Study. That pre-feasibility study demonstrated in considerable detail a robust project based on molybdenum and copper recovery only; upside exists in tungsten and silver recovery as well as improved molybdenum recovery.

The Los Verdes project is made up of 15 contiguous titled exploration concessions, covering 5,559 hectares. It lies within what could be considered the southerly extension of the Basin and Range province of the southwestern USA, near the boundary with the Sierra Madre Occidental province.

The Los Verdes resource comprises a modest sized, compact zone of molybdenum, copper and tungsten mineralization located at the crest of a steep ridge. The geometry of the deposit is ideal for low cost open pit mining. During 2007, the Company consolidated the mineral rights of the deposit by acquiring a single isolated claim known as the Bacanora claim. Until this point, our drilling and subsequent resource estimation had been limited to the area east of the Bacanora.

In light of changing metal prices, the Pre-Feasibility study is currently being recast with expectations of a much more profitable project.

Los Verdes Resource Statement

		Tonnes x 1000	% Cu	% Mo	Contained Cu lbs x 1000	Contained Mo lbs x 1000
Measured &	Non-oxide	8,665	0.130	0.601	24,912	114,806
Indicated Resource	Oxide	4,409	0.077	0.093	7,506	9,038
Proven & Probable Reserve	Non-oxide only	7.050	0.137	0.657	21,342	102,020

Cuatro Hermanos:

The Cuatro Hermanos property hosts a large Cu-Mo porphyry complex with multiple mineralized centers, and outstanding potential. Drilling during past years on one of the targets resulted in a NI 43-101 compliant indicated resource of 206 million tonnes containing 896 million pounds of Cu and 95 million pounds of Mo, along with an inferred resource of 557 million tonnes, containing 2,141 million pounds of Cu and 277 million pounds of Mo.

Virgin Metals Inc. is 100 percent owner of Cobre 4H de Suaqui, S.A. de C.V. (4H), a Mexican company that holds 100 percent of the title to mineral properties at Cuatro Hermanos. The property is made up of 10 mining concessions totaling 8,125 hectares and is located in south east Sonora, just west of the Yaqui River which is located in the western flank of the Sierra Madre.

Cuatro Hermanos Resource Statement

	Tonnes x 1000	% Cu	% Mo	% Cu Equivalent	Ag (g/t)	Contained Cu lbs x 1000	Contained Mo lbs x 1000
Indicated Resources	206,262	0.197	0.021	0.407	1.5	896,008	95,660
Inferred Resources	557,510	0.174	0.022	0.400	1.1	2,141,553	277,993

Management:

Chris Frostad, BBA, CA · Chief Executive Officer – Mr. Chris Frostad is also the President and CEO of Purepoint Uranium Group Inc., a TSX-V listed company that he founded in 2004. Prior to Purepoint, Mr. Frostad worked for one of Canada’s leading venture capital funds where he acted as the CEO of numerous portfolio companies focusing on a variety of responsibilities, including mergers and acquisitions, sales strategy, product development and marketing.

Throughout his career, Mr. Frostad has been instrumental in the development and building of a variety of high growth, early stage, public and private companies. He began his career with the international accounting firm of Deloitte Haskins & Sells where he received his chartered accounting designation. He holds a Bachelor of Business Administration, Honours, from Wilfrid Laurier University.

Janet O’Donnell · Chief Financial Officer – As Chief Financial Officer, Mrs. Janet O’Donnell brings over 25 years experience as an accounting professional. In addition to her duties at Virgin, Mrs. O’Donnell is also the Chief Financial Officer with a gold exploration and development company focused on a late stage exploration project in Ontario, Canada. Prior to this she was CFO of a gold producer whose operations were focused in Mexico, where her responsibilities included overseeing the company’s financial operations in three countries and managing cash flows from sales of gold from two mines. In addition, Mrs. O’Donnell was the CFO of a Canadian manufacturing company that sold products exclusively to the mining industry. Mrs. O’Donnell was an integral part of the team that took the company public as an income trust in 2005 and then sold it to a private equity group in 2007.

Darren Koningen, P. Eng · Vice President Project Development – Mr. Darren Koningen is a professional engineer (metallurgy) with 20 years of international mining experience and as Vice President, Project Development will be managing the work necessary to complete the pre-feasibility study on Virgin’s Los Verdes project. Mr. Koningen is currently an independent metallurgical consultant, managing process development projects, test work and metallurgical studies on behalf of clients.

He currently acts as Vice President, Technical Services at Gowest Amalgamated Resources Ltd. and most recently, was Vice President of Project Development, and before that, VP-Operations and VP-Engineering for Castle Gold Corp. Before joining Castle Gold, Mr. Koningen was employed as a Senior Process Engineer (mining and metallurgy) with Kvaerner Engineering. Mr. Koningen’s broad international experience in metallurgy process design and operations has allowed him to make significant contributions to bringing two operating and profitable gold mines into production in the past 5 years. Mr. Koningen obtained his Bachelor of Applied Science, Mineral Process Engineering from Queens University in 1990.

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