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VG Resources Ltd (VGRE)

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Monday 24 June, 2013

VG Resources Ltd

Official statement regarding VGMC of Panama


VG Resources : Official statement regarding Virgin Gold Mining
Corporation of Panama

VG Resources (GXG - VGRE: G4) Board of Directors would like to clarify the
following points with the market and the general public:

VGRE is an independent UK registered company with a mission to acquire one or
more operating businesses through a merger, share purchase, asset acquisition,
reorganization or similar transaction.

VGRE is not and has never been a company extension, spin-off or listing of
Virgin Gold Mining Corporation of Panama (VGMC) on GXG Markets.

VGRE has never been and is in no way associated with the operations, management
and/or the directors of VGMC, either directly or indirectly.

As mentioned in a news release dated June 14th 2013, a now redundant agreement
with VGMC, which was considered by VGRE but never officially contracted, was
solely intended to be an asset acquisition and did not entail VGRE acquiring
any shares in VGMC or vice versa. Furthermore none of VGRE's shares are owned
by VGMC.

VGRE's Board of Directors would like to emphasise that any reference and/or
mention of VGRE, found on all VGMC websites, links or published information are
incorrect. Additionally the Facebook site attributed to VGRE has not been
established by VGRE and is not connected with the company.

The Board of Directors can also confirm that it is continuing to identify
relevant and value adding acquisition opportunities as previously announced.

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Additional Information:

VG Resources Limited was admitted to trading on GXG Markets First Quote on 27
September 2012

Its mission is to acquire one or more operating businesses through a merger,
share purchase, asset acquisition, reorganization or similar transaction. Its
initial efforts will be focused on businesses whose principal operation is gold
mining in Central and South America. For this purpose, the term "gold mining
business" includes related activities such as evaluation, exploration,
development and production.

Safe Harbour Statement: The statement s contained herein which are not
historical are forward- looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in the forward- looking statements. Including, but not limited to,
certain delays beyond the company's control with respect to market acceptance
of new technologies or products, and other risks detailed from time to time.

For more information (press only)

VG Resources Limited Ticker Symbol: VGRE ISIN: GB00B7W1CR08

Email address:[email protected]

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