Virginia Energy Resources Inc. has welcomed Stephen Antony, CEO of Energy Fuels Inc. as a new Director, pending exchange approval. Mr. Antony will be replacing Graham Moylan, who recently resigned as the CFO and Director of Energy Fuels to join the Cantor Fitzgerald Mining Investment Banking Team. He was appointed President and CEO of Energy Fuels Inc. on April 1, 2010.

Mr. Ron Hochstein is also resigning from the Virginia Energy Board of Directors.