Overview

Virgin Metals Inc. (TSXV:VGM) is a Toronto, Ontario, Canada based exploration and development company engaged in advancing copper focused projects in Sonora State, Mexico. Virgin Metals’ strategy is to systematically explore and develop the Company’s primary assets: The Los Verdes and the Cuatro Hermanos deposits. The Company’s current focus is to update the Los Verdes’ pre-feasibility study while increasing the measured and indicated mineral resource of all of the Company’s reserves. Virgin Metal’s long term goal is to develop one or more profitable operating copper mines in Mexico.

Investment Highlights

• 100% owned Los Verdes project near production
• Sept 2011, the Company acquired a 100% title to the Potreritos deposit concessions in Sonora, Mexico
• Pre Feasibility Report expected in Q2 2012

Chief Properties

Los Verdes

The Los Verdes property is a historic molybdenum producer and was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 and 2007 has resulted in the completion of a pre-feasibility Study. That pre-feasibility study demonstrated in considerable detail a robust project based on molybdenum and copper recovery only; upside exists in tungsten and silver recovery as well as improved molybdenum recovery.

In September 2011, the neighbouring Potreritos property was acquired and added to the project.  Potreritos contains the workings of two historic mining operations (Buenavista and La Providencia) and is in close proximity to Virgin Metals Los Verdes project.  During the 1960’s and 1970’s the Buenavista and Tres Piedras (now La Providencia) deposits were operated by Minera Galaviz, SA de CV which constructed a flotation plant in the area to recover copper and molybdenum.  The two deposits are located in close proximity to each other (approx. 200 m) and may be part of the same geological system.  Historical copper and molybdenum concentrations in the rock from the deposits at Potreritos are similar to those expected at Los Verdes.

The Los Verdes/Potreritos project is made up of 17 contiguous titled exploration concessions, covering 6,629 hectares. It lies within what could be considered the southerly extension of the Basin and Range province of the southwestern USA, near the boundary with the Sierra Madre Occidental province.

The Los Verdes resource comprises a modest sized, compact zone of molybdenum, copper and tungsten mineralization located at the crest of a steep ridge. The geometry of the deposit is ideal for low cost open pit mining. During 2007, the Company consolidated the mineral rights of the deposit by acquiring a single isolated claim known as the Bacanora claim. Until this point, our drilling and subsequent resource estimation had been limited to the area east of the Bacanora.

In light of changing metal prices, the pre-feasibility study is currently being recast with expectations of a much more profitable project.

Cuatro Hermanos

The Cuatro Hermanos property hosts a large Cu-Mo porphyry complex with multiple mineralized centers, and outstanding potential. Drilling during past years on one of the targets 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, along with an inferred resource of 557 million tonnes, containing 2,141 million pounds of Cu and 277 million pounds of Mo.

Virgin Metals Inc. is 100 percent owner of Cobre 4H de Suaqui, S.A. de C.V. (4H), a Mexican company that holds 100 percent of the title to mineral properties at Cuatro Hermanos. The property is made up of 10 mining concessions totaling 8,125 hectares and is located in south east Sonora, just west of the Yaqui River which is located in the western flank of the Sierra Madre.

Management

Chris Frostad, BBA, CA ·  Director, President and Chief Executive Officer

Mr. Chris Frostad is also the President and CEO of Purepoint Uranium Group Inc., a TSX-V listed company that he founded in 2004. Prior to Purepoint, Mr. Frostad worked for one of Canada’s leading venture capital funds where he acted as the CEO of numerous portfolio companies focusing on a variety of responsibilities, including mergers and acquisitions, sales strategy, product development and marketing.

Throughout his career, Mr. Frostad has been instrumental in the development and building of a variety of high growth, early stage, public and private companies. He began his career with the international accounting firm of Deloitte Haskins & Sells where he received his chartered accounting designation. He holds a Bachelor of Business Administration, Honours, from Wilfrid Laurier University.

Janet O’Donnell · Chief Financial Officer

As Chief Financial Officer, Mrs. Janet O’Donnell brings over 25 years experience as an accounting professional. In addition to her duties at Virgin, Mrs. O’Donnell is also the Chief Financial Officer with a gold exploration and development company focused on a late stage exploration project in Ontario, Canada. Prior to this she was CFO of a gold producer whose operations were focused in Mexico, where her responsibilities included overseeing the company’s financial operations in three countries and managing cash flows from sales of gold from two mines.

In addition, Mrs. O’Donnell was the CFO of a Canadian manufacturing company that sold products exclusively to the mining industry. Mrs. O’Donnell was an integral part of the team that took the company public as an income trust in 2005 and then sold it to a private equity group in 2007.

Darren Koningen, P. Eng ·  Director and Vice President Technical Services

Mr. Darren Koningen is a professional engineer (metallurgy) with 20 years of international mining experience and as Vice President, Project Development will be managing the work necessary to complete the pre-feasibility study on Virgin’s Los Verdes project. Mr. Koningen is currently an independent metallurgical consultant, managing process development projects, test work and metallurgical studies on behalf of clients.

He currently acts as Vice President, Technical Services at Gowest Amalgamated Resources Ltd. and most recently, was Vice President of Project Development, and before that, VP-Operations and VP-Engineering for Castle Gold Corp. Before joining Castle Gold, Mr. Koningen was employed as a Senior Process Engineer (mining and metallurgy) with Kvaerner Engineering. Mr. Koningen’s broad international experience in metallurgy process design and operations has allowed him to make significant contributions to bringing two operating and profitable gold mines into production in the past 5 years. Mr. Koningen obtained his Bachelor of Applied Science, Mineral Process Engineering from Queens University in 1990.

Federico Alvarez – VP Project Development

Previous: VP Operations Argonaut Gold Inc. (Formerly Castle Gold), Director Mining Affairs – State of Guanajuato Government, General management of >10 mining operations (underground & open pit). Mr.Alvarez also holds a  Bachelors of Mining Engineering from Guanajuato University and a  Masters of Engineering – Mining from McGill University.

Miguel Cardona – Senior Geologist

Mr.Cardona has 18 years experience in the mining industry, primarily in exploration, but also in underground and open pit mine operations. Previously, he was manager of Exploration for Castle Gold Corp. Prior to that he worked for Teck-Cominco and was part of the team that discovered the Filos deposit (now owned by Gold Corp.), and was also part of  the discovery team for the El Limon advanced stage exploration project with Teck-Cominco. Previous to this, Mr. Cardona worked with Industrias Penoles in various mines all over Mexico. Mr.Cardona holds a Degree in Geological Engineering from the San Louis Potosi University and a Master’s Degree in Planning and Systems.