🕐28.03.13 - 21:54 Uhr
VIRGINIA ENERGY COMMENTS ON QUEBEC URANIUM STUDY
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News Release - Thursday, March 28, 2013
Virginia Energy Comments on Quebec Uranium Study
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NR:13-04
Virginia Energy Resources Inc.
(TSX.V: VUI; OTCQX: VEGYF) ("Virginia
Energy" or the "Company") has learned that the Government of Quebec
will conduct an impact study on the exploration and development of
uranium in the province.
The Bureau daudiences publiques sur
lenvironnement (BAPE) has been given a mandate to conduct the study
starting next fall.
In the meantime, the Government says that no
certificate of authorization will be issued for the exploration or
development of uranium in Quebec until the study is completed.
Further exploration on Virginia Energys Otish Mountains uranium
project will remain on hold while the Quebec government undertakes this
evaluation.
However, Virginia Energy is confident that this study will
show that uranium exploration and mining can be done safely and in a
way that protects the environment, as has been demonstrated by decades
of uranium mining experience in Saskatchewan, and similar recent
studies around the world.
About Virginia Energy Resources Inc.
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 located in south central Virginia, USA.
Additionally, the company operates a uranium exploration program in the
Otish Basin of Quebec, Canada.
On Behalf of the Board of Directors of
VIRGINIA ENERGY RESOURCES INC.
Walter Coles Sr.
President & CEO
Cautionary Note Regarding Forward-Looking Statements and
InformationCertain of the statements and information in this press
release constitute "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities laws.
Forward-looking information includes, but is not
limited to, statements relating to the plans for completion of the
Offering.
Forward-looking statements and information generally express
predictions, expectations, beliefs, plans, projections, or assumptions
of future events or performance, do not constitute historical fact and
are subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected in
such statements, including, without limitation: the risk that the
Offering will not be approved by the Toronto Stock Exchange or TSX
Venture Exchange; risks and uncertainties related to the full Offering
not being completed in the event that there are not sufficient
subscribers or the conditions thereto are not satisfied, including the
acceptance by the Toronto Stock Exchange or the TSX Venture Exchange.
Forward-looking statements and information contained in this release
are based on the beliefs, estimates, and opinions of management on the
date the statements are made.
There can be no assurance that such
statements or information will prove accurate.
Actual results may
differ materially from those anticipated or projected.
Virginia Energy
and Energy Fuels expressly disclaim any intention or obligation to
update or revise any forward-looking statements and information whether
as a result of new information, future events or otherwise, except as
otherwise required by applicable securities legislation.
No production
decision with respect to the Coles Hill project has been made nor will
a production decision be made until Virginia Energy has completed a
feasibility study.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information contact: Walter Coles, Jr., Executive Vice
President or Tony Perri - Investor Relations, Manager
Suite 611, 675 W.
Hastings Street Vancouver, British Columbia, Canada
V6B 1N2
Tel: (604) 669-4799 Website: www.virginiaenergyresources.com
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You can also view this News Release on our website at:
http://www.virginiaenergyresources.com/s/NewsReleases.asp?ReportID=578295
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Copyright (c) 2013 VIRGINIA ENERGY RESOURCES INC.
(VUI) All rights
reserved.
For more information visit our website at
http://www.virginiaenergyresources.com/ or send
mailto:
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