Virgin Metals Granted Management CTO, Issues First Default Status Report

FOR IMMEDIATE RELEASE TSX April 20, 2010 Symbol: VGM

Virgin Metals Granted Management CTO, Issues First Default Status Report

Virgin Metals Inc. ("Virgin Metals” or the "Company) today announced that, pursuant to its application, the Company was granted a Management Cease Trade Order (the “MCTO”) by its principal regulator, the Ontario Securities Commission, on April 1, 2010. The Company today also issued this first biweekly status report as required by National Policy 12-203 (“NP 12-203”) following its news release on March 30, 2010 (the “Default Notice”), in which the Company announced that it would not be filing its audited annual financial statements for the year ended December 31, 2009, management's discussion and analysis (MD&A) of audited annual financial statements, and CEO and CFO certificates for audited annual financial statements (collectively, the “Annual Required Filings”) before the prescribed deadline of March 31, 2010.

The Company anticipates that it will be able to return to compliance by April 30, 2010.

The Company reports that since the Default Notice and the granting of the MCTO: (i) there is no material change to the information contained in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed since the Default Notice was issued.

The Company will continue to satisfy the provisions of the alternative information guidelines under NP 12- 203 by issuing bi-weekly default status reports in the form of news releases as long as it remains in default of the filing requirements.

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, has been the subject of a pre-feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, has been the focus of an intense exploration effort.

For further information, please contact: 

Lucas Ewart, Phone: (416) 488‐2590