Virgin Metals Inc.
TSX : VGM

Virgin Metals Inc.

January 30, 2007 09:56 ET

Virgin Metals Files Technical Report

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2007) - Virgin Metals Inc. ("Virgin Metals") (TSX VENTURE:VGM) announces that it has filed on Sedar a Technical Report prepared by Chlumsky Armbrust and Meyer of Denver that gives the basis for the recently announced resource calculation at Virgin's 100% owned Los Verdes project in Sonora, northern Mexico (see press release dated December 18, 2006).

The report confirms the previously announced calculation of combined measured and indicated resources at Los Verdes of 10,502,000 tonnes at grades of 0.124% molybdenum and 0.46% copper, giving a calculated molybdenum content of 28,638,000 pounds and a calculated copper content of 105,492,000 pounds.

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 expected to evolve rapidly towards production while the other, Cuatro Hermanos, is expected to be the focus of expanded 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.

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