VUI Virginia Energy Resources Inc

Virginia Energy Resources Inc. (TSX VENTURE:VUI) ("Virginia" or the "Company")
is pleased that Governor McDonnell's Uranium Working Group (UWG) has completed
its task by developing a framework of robust regulations for uranium mining in
Virginia that will ensure the protection of public health, worker safety and the
environment. The UWG's report leaves no doubt that the state's regulatory
agencies are capable of effectively and safely regulating uranium mining.


In the report's own words: "If the General Assembly decides to lift the existing
moratorium, the need for a comprehensive program to regulate uranium mining
within DMME can be met by developing a statutory and regulatory program for
uranium mining."


With the UWG's task now complete, along with numerous other scientific studies
conducted over the past few years, it would appear that Virginia's elected
representatives are equipped with the information and assurances they will need
to lift the moratorium on uranium mining by allowing the state's regulatory
agencies to adopt an appropriate regulatory program.


Virginia's lawmakers and citizens across the Commonwealth should be reassured by
the thorough, systematic approach the UWG took to addressing every area of
concern expressed over the last year and specifically identifying all of the
regulatory and statutory requirements that would need to be in place to
safeguard public health, worker safety and the environment. 


Our company fully embraces the need for strict regulations to ensure the highest
standards of environmental protection, and looks forward to working closely with
state and federal regulators to demonstrate how the project will meet that
commitment.


The UWG report also highlights that Virginia's regulatory agencies have an
excellent track record for regulating mining activity across the Commonwealth.
By utilizing internationally accepted best practices and regulatory standards
identified in the UWG's report and the National Academy of Sciences study,
Virginia's regulatory agencies are fully capable of crafting a program that will
protect Virginia's environment and the health of local communities. For more
than three decades, these practices have been used safely and effectively in the
western United States, Canada, Australia and other advanced countries throughout
the world.


The environmental performance of the uranium mining industry over the last 30
years proves that we can undertake the Coles Hill uranium project safely and in
a way that protects our environment. The Company's commitment is to continue
this outstanding track record and operate one of the safest uranium mines in the
world and in Virginia.


About Virginia Energy

Virginia Energy Resources Inc. is a uranium development and exploration company.
The Company holds a 100% stake in the advanced stage Coles Hill uranium project
in Virginia, USA. Additionally, the Company is pursuing an active uranium
exploration program in the Otish Basin of Quebec.


On Behalf of the Board of Directors of

VIRGINIA ENERGY RESOURCES INC.

Walter Coles Sr., President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Virginia Energy Resources Inc.
Walter Coles, Jr.
Executive Vice President
(604) 669-4799


Virginia Energy Resources Inc.
Tony Perri
Investor Relations, Manager
(604) 669-4799
www.virginiaenergyresources.com

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