Virginia Energy Resources Inc. announced the appointment of Joseph Mullin as President of the Company. Mr. Mullin was most recently the CEO and Director of QuestEx Gold & Copper, prior to its sale. He has over 20 years of experience in resource investing, corporate finance and private equity.

Mr. Mullin began his career as a Financial Analyst in Investment Banking at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. He is currently a Partner and Director of Mount Arvon Partners LLC and serves as an independent Director of Pure Energy Minerals Ltd. and FireFox Gold Corp. Mr. Mullin has a B.A. from Harvard University. Subject to regulatory and shareholder approval, the Company has granted Mr. Mullin 500,000 Restricted Stock Units ("RSUs") vesting if rafter two years, or on a Change of Control ("CoC") transaction.