Virgin Metals Extends Expiry Date of Warrants

FOR IMMEDIATE RELEASE

Virgin Metals Extends Expiry Date of Warrants

Toronto, November 27, 2012 – Virgin Metals Inc. (TSX-V:VGM) is pleased to announce that the TSX Venture Exchange has approved an extension in the expiry date of 7,973,633 warrants (the “Warrants”) exercisable at $0.25. The Warrants, originally scheduled to expire on December 6, 2012, will now all expire on March 31, 2013.

Certain of these Warrants (2,932,004 issued pursuant to a private placement on October 18, 2010 and 1,602,500 issued pursuant to a private placement November 12, 2010) were previously amended to in order to extend their expiry dates from October 18, 2012 and November 12, 2012, respectively, to December 6, 2012. The remaining 3,439,129 Warrants were issued on December 6, 2010 pursuant to a rights offering.

About Virgin Metals

Virgin Metals is a junior exploration and development company; its projects include two coppermolybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For further information please contact:

Virgin Metals Inc.

Chris Frostad President & CEO (416) 306-0990 www.virginmetals.com