	Friday, August 10, 2007 Santoy Announces $1.0 Million Private Placement
	NR: 07-21 Santoy Resources Ltd. (TSX.V:SAN) is proposing a $1.0 million non-brokered private placement by the issuance of 1,886,792 Units. Each unit will comprise one common share at a price of $0.53 per share and one share purchase warrant exercisable at $0.66 per share for a two year period. This proposed financing is the final condition of the closing of the Blizzard Uranium transaction announced in a Company news release June 13, 2007 wherein a private placement in Santoy was to be offered to Anthony Beruschi et al. The financing is subject to regulatory approval. Any shares issued under this placement will be subject to a hold period of four months plus one day from the date of closing of the offering. No finder's fees or commissions are payable in respect of this financing. The proceeds will be used to advance the Blizzard Uranium project and for general working purposes. About Santoy Resources Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca. On Behalf of the Board of Directors SANTOY RESOURCES LTD. "Ron Netolitzky" Ron Netolitzky, President Cautionary Statement on Forward-Looking Information The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Virginia Energy Resources Inc.

	DEVELOPMENT STAGE
	CODE : VAE.V
	ISIN : CA9278051011

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Virginia Energy is a gold and cobalt exploration company based in Canada.

Virginia Energy develops gold, cobalt and uranium in USA, and holds various exploration projects in Canada.

Its main asset in development is COLES HILL PROPERTY in USA and its main exploration properties are ALIMAK/DECADE, RKN/GOLDEN HEART AREA, KASMERE LAKE, HAZEMPA LAKE, FIR ISLAND, PATTYSON LAKE, DOWLER LAKE, KARPINKA LAKE, THE BOW RIVER, ATHABASCA WESCAN SANTOY JV, OTISH, HAWK RIDGE, BLIZZARD, HATCHET LAKE, MUSTANG LAKE and BINGO in Canada.

Virginia Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.0 millions as of today (US$ 7.2 millions, € 5.2 millions).

Its stock quote reached its highest recent level on February 23, 2007 at CA$ 8.00, and its lowest recent point on April 17, 2009 at CA$ 0.07.

Virginia Energy has 57 230 614 shares outstanding.

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Virginia Energy Resources Inc.

Announces $1.0 Million Private Placement

Virginia Energy Resources Inc.