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Virginia Energy Announces Board Changes

Oct 22, 2014      |
NR:14-01

Virginia Energy Resources Inc. (TSX.V: VUI; OTCQX: VEGYF) ("Virginia Energy" or the "Company") is pleased to welcome Stephen Antony, CEO of Energy Fuels Inc. ("Energy Fuels"), as a new Director, pending exchange approval. Per the Company's December 28, 2012 news release, Energy Fuels has the right to nominate one Director to the Virginia Energy Board so long as it maintains at least 5% of the issued and outstanding common shares of the Company. Energy Fuels currently owns 16% of Virginia Energy. 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.

Walter Coles, Sr., the President and CEO of Virginia Energy commented that, "Steve Antony has a tremendous amount of experience in permitting and operating uranium mining facilities in the United States. His experience and strategic vision will be greatly appreciated on the Board as we continue our mutually beneficial relationship with Energy Fuels."

Mr. Antony has held a series of technical and managerial positions in the mining industry spanning over three decades. He was appointed President and CEO of Energy Fuels Inc. on April 1, 2010. Mr. Antony is a registered professional engineer in a number of states in which Energy Fuels owns and operates uranium projects. He is a graduate of the Colorado School of Mines and holds a Masters of Business Administration (MBA) from the University of Denver.

Mr. Ron Hochstein is also resigning from the Virginia Energy Board of Directors. The Company would like to thank Mr. Moylan and Mr. Hochstein for their dedicated service to the Board. Walter Coles Sr. added that, "Graham and Ron have provided sound leadership and valuable industry insight while serving on our Board. We wish both of them the best in their future endeavors".

About Virginia Energy Resources Inc.
Virginia Energy Resources Inc. is a uranium development and exploration company. The company holds a 100% controlling interest in the advanced stage Coles Hill uranium project located in south central Virginia, USA. Additionally, the company owns mineral exploration properties in the Otish Basin of Quebec, Canada.

On Behalf of the Board of Directors of

VIRGINIA ENERGY RESOURCES INC.

Walter Coles, Sr.
President & CEO


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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