Virginia Mines Inc.
TSX : VGQ

Virginia Mines Inc.

January 16, 2007 15:50 ET

Virginia Grants 124,000 Stock Options

MONTREAL, QUEBEC--(CCNMatthews - Jan. 16, 2007) - Virginia Mines Inc. ("Virginia") (TSX:VGQ) announces that today it has granted 124,000 stock options to its directors, officers, employees and services providers.

Of this number, 52,000 have been granted to its directors and officers and 72,000 have been granted to its employees, services providers and consultants. Each stock option entitles its holder to subscribe one common share of the company at a price of $4.27 per share for a 10-year period.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Virginia's periodic reports including the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. Virginia undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

Contact Information

  • Virginia Mines Inc.
    Andre Gaumond
    President
    800-476-1853 or 418-694-9832
    418-694-9120 (FAX)
    or
    Virginia Mines Inc.
    Paul Archer
    V-P Exploration
    800-476-1853 or 418-694-9832
    418-694-9120 (FAX)
    or
    Virginia Mines Inc.
    Amelie Laliberte
    Investor Relations
    800-476-1853 or 418-694-9832
    418-694-9120 (FAX)
    www.virginia.qc.ca
    mines@virginia.qc.ca