Virginia Gold Mines Inc.
TSX : VIA

Virginia Gold Mines Inc.

July 26, 2005 11:14 ET

Virginia Grants 203,000 Stock Options

MONTREAL, QUEBEC--(CCNMatthews - July 26, 2005) - Virginia Gold Mines Inc. ("Virginia") (TSX:VIA) announces that it has granted stock options to its directors, officers and employees.

On July 19, 2005, Virginia granted a total of 203,000 stock options of which 93,000 have been granted to its directors and officers and 110,000 have been granted to its employees and consultants. Each stock option entitles its holder to subscribe one common share of the company at a price of $6.88 per share for a 10-year period.

ABOUT VIRGINIA GOLD MINES

Virginia Gold Mines Inc. is among the most active mining exploration companies in Quebec with a working capital of over $35 million, debt free, and with approximately 45 million shares issued and outstanding. Virginia's shares trade on the Toronto Stock Exchange (TSX) under the symbol VIA. Virginia concentrates its activities on its numerous properties that are spread over the vast unexplored regions of northern Quebec.

Contact Information

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