Virgin Metals Inc.
TSX : VGM

Virgin Metals Inc.

April 23, 2007 09:00 ET

Virgin Metals Resumes Drilling at Los Verdes; Reports 39.62m Intercept at 0.73%Mo

TORONTO, ONTARIO--(Marketwire - April 23, 2007) - Virgin Metals Inc. (TSX VENTURE:VGM) ("Virgin Metals" or the "Company") has resumed drilling at its 100% owned Los Verdes molybdenum/copper project in Sonora, northern Mexico. One reverse circulation rig and one diamond rig are now working at the site. The objectives of the reverse circulation drilling are to carry out the recommendations of the recently published National Instrument 43-101 Technical Report dated 23rd January 2007 by Chlumsky Armbrust and Meyer (the "Technical Report"), to extend drilling onto the contiguous and recently acquired Bacanora claim and to provide infill drilling in certain areas of the known mineralization. The objective of the diamond drilling is to compare diamond drilling results to reverse circulation results, to provide greater information about the style of mineralization, to determine structural features, to provide geotechnical data for pit design, to characterize different ore types and to provide a range of samples for specific gravity determination.

One of the first objectives of the reverse circulation drilling was to carry out the recommendation no. 14 of section 22 of the Technical Report, in which the writers recommended that about five holes be drilled in an X or L pattern at "blast hole separation" in order to confirm the short range plan mineable continuity of the deposit. Accordingly, holes LVRC4607 to LVRC5107 were drilled in a rough L shape at approximately 5m spacing adjacent to hole no LVRC0106. The results of hole LVRC0106 were reported in the Press Release dated August 22nd 2006. The results of holes LVRC4607 to LVRC5107 are noted below; it should be stressed that these holes represent neither newly discovered mineralization nor significant step outs from known mineralization. It is believed that the reported intercepts represent the true width of the secondary enrichment zone.



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Inclina- Total Inter- Mo
VGM tion Depth From To cept (Total) Cu W Ag
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Drill Hole (metres)(metres)(metres)(metres) % % % g/t
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LVRC4607 vertical 121.92 16.76 88.39 71.63 0.25 1.45 0.06 10.1
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including 21.34 57.91 36.57 0.39 1.65 0.03 10.6
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LVRC4707 vertical 121.92 12.19 88.39 76.20 0.45 0.87 0.04 3.5
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including 12.19 51.81 39.62 0.73 0.80 0.02 4.1
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LVRC4807 vertical 121.92 22.86 89.92 67.06 0.22 1.52 0.11 13.1
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including 28.96 64.01 35.05 0.33 1.70 0.07 7.6
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LVRC4907 vertical 121.92 21.34 79.25 57.91 0.28 1.14 0.08 7.3
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LVRC5007 vertical 121.92 35.05 76.20 41.15 0.56 1.53 0.07 5.3
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including 39.62 68.58 28.96 0.74 1.83 0.08 6.4
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LVRC5107 vertical 121.92 24.38 70.10 45.72 0.21 0.71 0.07 5.5
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including 41.15 68.58 27.43 0.25 1.09 0.06 5.2
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Note: Old workings, where intersected, are included as intercepts
of 0 grade
No high values have been cut.


Also received were results from earlier condemnation drilling in an area to the north east of known mineralization, holes LVRC4306 and LVRC4406. No significant assay results were received from these holes though visible molybdenite was reported in chips over several intervals. For this reason, the area is not considered a suitable mill site.

In addition, drill hole LVRC4506 was collared on an old prospect approximately 800 metres east south-east of known mineralization. Except for sporadic, elevated values, the results were of a background nature.

Sampling practice for earlier holes was reported in the August 22, 2006 Press Release. Sampling practice continued unchanged through the drilling of these holes.

The Company also reports that as part of the transaction through which the Bacanora claim was acquired, it has now received historical exploration data relating to the district. These data were not available when the Company's drill program was planned and the data are proving valuable in improving the Company's understanding of the Los Verdes mineralization. Fully reviewing this data will take some time but initial conclusions are that, although more drilling and more angle holes were employed in the historical drilling than previously supposed, the Company's own drill results compare well to those of the historical data. Of particular interest are plans of the adit, which is more extensive than previously supposed, together with sampling results along its full length.

The Company reports that it has engaged Mine and Quarry Engineering Services, Inc. (MQes) of San Mateo, California to perform a feasibility study on the Los Verdes Project. The study is expected to take six months to complete and to result in definition of project parameters and to provide a basis for project financing.

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.

This report has been prepared by Mr. Gary Lohman, a Registered Professional Geologist and Qualified Person (QP) as defined by NI 43-101 of the Canadian Securities Administrators. Mr. Lohman is the QP for the Los Verdes exploration program.

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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