Company Information for Virgin Metals Inc

TSX-VGM

www.virginmetals.com

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TSX; VGM

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Company Statement

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 undergoing a feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is presently the focus of an intense exploration effort.

Current Operations

Los Verdes is an advanced-stage, moderate-size, high grade porphyry-related Mo-Cu system which is rapidly being advanced to production. A pre-feasibility study has demonstrated in considerable detail a robust project based on molybdenum and copper recovery only; upside exists in tungsten recovery and improved molybdenum recovery. Reserve of 7.05 million tonnes at 0.137% Mo and 0.657% Cu gives a project life of 8 years and NPV of $96.9 million and IRR of 23%. Direct cash costs of $22.7/tonne of ore, cost per lb Mo less than $1/lb after copper credits.

Mineralization is contained in a prominent ridge with favourable geometry for a simple mining operation. As the molybdenum market is projected to be strong for the medium to long term, the Company is taking a measured approach to the preparation of its Feasibility Study for 1 million tonne/year operation

Cuatro Hermanos hosts a large Cu-Mo porphyry complex with multiple mineralized centers, and outstanding exploration potential. Drilling during the past year on one of the targets has resulted in a NI 43-101 compliant indicated resource of 206 million tonnes containing 896 million pounds of Cu and 95 million pounds of Mo, together with an inferred resource of 557 million tonnes, containing 2,141 million pounds of Cu and 277 million pounds of Mo. Currently a core drilling program is underway to explore the deep potential of this huge porphyry environment.

Geographical Spread

Mexico

Board of Directors and Key Management

Chris Davie	Chairman & Director
Patrick Gorman	Director
David Winfield	Director
Bruce Higson-Smith	Director
Brian Murray	Director
Rick Moscone	Director
Mark Shonnard	Company Secretary, CFO
John Spurney	VP Exploration
Rene Mladosich	General Manager Mexico Operations

Company Address

357 Bay Street, Suite 902
Toronto, Ontario, Canada M5H 2T7


Telephone:	(416) 364-9988
Facsimile:	(416) 364-6624
Email:	info[at]virginmetals.com
Website:	http://www.virginmetals.com

Capital

Current cash (June 30, 2008) - $1.64 million
Shares Outstanding: 84,881,246
Warrants & Options: 21,132,009
Fully Diluted: 106,013,255

Year End

31 December

Broker/Analyst Reports

01/08/07 - Loeb Aron & Company Ltd - Research Note

Major Shareholders

Sprott Asset Management 12.8%

Most Recent Statement

11/09/08 - Virgin Metals Files Technical Reports on Los Verdes and Cuatro Hermanos
28/07/08 - Virgin Metals Announces Receipt of a Positive Pre-Feasibility Study on the Los Verdes Molybdenum-Copper Project, Sonora, Mexico
28/07/08 - Virgin Metals Announces Receipt of a Positive Pre-Feasibility Study on the Los Verdes Molybdenum-Copper Project, Sonora, Mexico
10/07/08 - Virgin Metals Announces Mineral Resource at Cuatro Hermanos
02/04/08 - Virgin Metals Extends Limits of Cu-Mo Mineralization at its Cuatro Hermanos Property
28/03/08 - Virgin Metals Announces Filing of its 2007 Year End Disclosure Documents

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