Virgin Metals Inc.: Employee Stock Options Issued

FOR IMMEDIATE RELEASE

Virgin Metals Inc.: Employee Stock Options Issued

Toronto, November 24, 2010 – The Board of Directors of Virgin Metals Inc. (the “Company” or “Virgin”) (TSX-V: VGM) has approved the issuance of a total of 1,830,000 options to certain of its Board of Directors, management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.25, are subject to agreed vesting schedules and expire in three years.

About the Company

Virgin 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.

For further information please contact:

Chris Frostad President and Chief Executive Officer Telephone: (416) 306-0990 www.virginmetals.com