Confirms Estimate for Los Verdes Project

Virgin Metals Inc. (TSX VENTURE: VGM | PowerRating) is pleased to announce the completion of a resource estimate prepared by Golder Associates Ltd. for the 100% owned Los Verdes Copper-Molybdenum deposit in Sonora Mexico. This estimate has confirmed the results used as the basis for the company's 2008 pre-feasibility study and has quantified the tungsten and silver values not included in the 2008 report.

"With an in-situ value approaching $100 per tonne and a copper equivalent grade of 1.5%, Los Verdes may well represent one of the highest grade copper projects presently under development", said Darren Koningen Vice President Technical Services of Virgin. "As we move deeper into our review, we see increasing opportunity to substantially enhance this projects profit potential".

Highlights:

-- Average resource grades of 0.61% Cu (copper) and 0.12% Mo (molybdenum)

have been confirmed using an in-situ metal cutoff value of US$25 per

tonne. This cutoff is similar to the 0.03% Mo equivalent utilized for

the original study (Technical Report - Prefeasibility Study Los Verdes

Project, TMG/CAM/MQES, September 2008);

-- The resource now also incorporates metal values of 0.07% W (tungsten)

and 5 g/t Ag (silver) that were not included in the previous study;

-- Utilizing long term pricing of US$3.00 per pound Cu, US$15 per pound Mo,

US$10 per pound W and US$20 per ounce Ag, the updated in-situ metal

value for Los Verdes has been calculated as approximately US$98 per

tonne with a copper equivalent grade of 1.5%;

-- Measured and Indicated resources of approximately 8,400,000 tonnes

containing 113 million lbs. Cu, 22 million lbs. Mo, 13 million lbs W and

1.3 million ounces Ag;

-- The opening spot prices this month for these metals were US$4.52 per

pound Cu, US$17.40 per pound Mo, US$19.25 per pound W and US$28.02 per

ounce Ag.