Virgin Metals Inc.
TSX : VGM

Virgin Metals Inc.

February 12, 2007 09:48 ET

Virgin Metals Inc. Appoints New Director

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2007) - Virgin Metals Inc. (the "Company" or "Virgin Metals") (TSX VENTURE:VGM) is pleased to announce that the board of directors of the Company has appointed David Winfield to the board. Ambassador Winfield was a member of the Canadian Trade Commissioner and Foreign Services from 1965 to 1995. During that time, he served Canada in Holland, Turkey, Japan, Mexico and New York. From 1989-95, he was Canada's Ambassador to Mexico, and he served, concurrently, as Canada's Ambassador to Guatemala from 1989-91. In 1995, the President of Mexico awarded Ambassador Winfield the Golden Aztec, the highest award that can be given to a non-Mexican. Among other positions, Ambassador Winfield was the Chairman of the Canadian Council of the Americas (1998 - 2004) and was on the Board of Directors of Bancomer S.A., Mexico's largest bank, from 1996 to 2002.

Virgin Metals CEO Chris Davie said: "The addition of Ambassador Winfield provides Virgin Metals with additional experience and knowledge of Mexico. Ambassador Winfield is a career diplomat with extensive experience in global trade and policy and an understanding of Mexico's business practices and customs. His expertise is a significant asset for Virgin Metals as we continue with our plans to place the Los Verdes project into production as quickly as possible."

In connection with his appointment, Mr. Winfield was awarded 250,000 stock options with an exercise price of $0.31. These options will expire on the fifth anniversary of their issuance.

The Company would also like to thank Mr. Carl Di Placido, who has stepped down as a director of the Company effective immediately. Over the past few years as a director of the Company, Mr. Di Placido's contribution and recommendations to the Company's overall business were extremely valuable. Tom Griffis will replace Mr. Di Placido as Chairman of the board of directors of the Company.

About Virgin Metals Inc.:

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.

Shares Outstanding: 58,351,090

Contact Information