Virgin Metals Inc.

Virgin Metals Inc.

November 27, 2012 08:00 ET

Virgin Metals Extends Expiry Date of Warrants

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2012) - Virgin Metals Inc. (TSX VENTURE:VGM) is pleased to announce that the TSX Venture Exchange has approved an extension in the expiry date of 7,973,633 warrants (the "Warrants") exercisable at $0.25. The Warrants, originally scheduled to expire on December 6, 2012, will now all expire on March 31, 2013.

Certain of these Warrants (2,932,004 issued pursuant to a private placement on October 18, 2010 and 1,602,500 issued pursuant to a private placement November 12, 2010) were previously amended to in order to extend their expiry dates from October 18, 2012 and November 12, 2012, respectively, to December 6, 2012. The remaining 3,439,129 Warrants were issued on December 6, 2010 pursuant to a rights offering.

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 currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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